hi just a quick one if you have debt in the uk does this affect you in perth...cheers chris

We're off to Perth soon and will not be paying off our debts 1st. It doesn't make much difference. A financial advisor in Perth told me that uk debts are not taken into account for mortgages either!

mmm thats ok then where looking into going at the minuite just trying to get lots of info

There was a really good thread on this a while back. I think it was decided that it would be a nightmare to pay them off from OZ, if you could pay them then do and hopefully its not with one of the companies that trade or have partnerships in OZ, otherwise they may chase the debt.
Try doing the thread search, it was interesting.

ok thanks for that

why would anyone not pay what they owe ?and also for all those that are coming here most by and large will settle well into australian life but the few that dont will feel like they have to stay if they have a bad credit history in the uk.
Its only a matter of time before the banks etc get their act together and it wont be long with the likes of bush,blair and howard running the show that it will be made legal to run credit searches on citizens and PRs in other countries .

Because they think they can get away with it?


Debt does not travel with you... credit ratings are not transferable, but if you leave your debt and do not pay it off, you can land in big trouble. Not only that, but you spend years looking over your shoulder waiting for someone to turn up and nab you. It's not worth the hassle.
Pay it off and leave on good terms. You just never know if you might need to go back suddenly or Aus might not be the right place for you...
If you're coming here for a fresh start, make it so, not a slightly grubby one.

Not true. They will ask you if you have any credit cards or other debt. If you do not declare this on your mortgage application, you are committing fraud. Be very, very careful.

BTW its not a nightmare to have to pay them off from here. Use a company like tranzfers to move money from your Aus account to your UK account, and then pay everything with internet banking.

I paid off a bank loan from here years ago, through bank transfers as other things weren't set up then... Now that was painful. Now it's easy.

The only reason i say that is because of the exchange rate.

Fair enough, I agree from that point of view.

My god! Thats got to be the first time someone on BE has agreed with me!

2500 posts and i finally get a agreement!

Has anyone had any experience coming to a settlement figure on credit card debt.for example if i owe £10,000 would they except a 'take it or leave it' settlement of £5,000 ?Would this have any effect on your credit rating in here or in Aus ?
Any info greatly appreciated
lee

would love to know the answer to this one
steve