Originally Posted by Bermudashorts

If the council cannot collect a portion of the required amounts in order to provide services what do you think they will do? I am not convinced that this will not effect me one way or another. I think either I will need to pay more the next year or services will be cut.

Likewise I am sure I would be impacted by other people defaulting on bank debts because this would reduce bank profits which would reduce tax receipts to the government. Then the government has to find new ways of collecting tax or cutting services to save money. The government does not grow money on trees every year, it really has to come from somewhere.

Also you should remember who owns the banks (excluding the recent partially privatised ones). They are not owned by the nasty bankers that work there, they have shareholders. And a significant percentage of those shares will be held by ordinary folks in their pension funds and ISA investments and another significant amount will be owned by other institutions both public and private which may very well be affecting ordinary folk in some other way.

Originally Posted by Pollyana

Jeanette, you will get some very mopinionated answers to your question, so be prepared. What you need to think abut is - if you borrowed the money, why do you think you should be exempt from paying it back?
Many of us could not pay off debts before leaving the UK, for one reason or another, so we carried on paying once we got to Australia. Personally speaking, it was a matter of conscience for me.

Originally Posted by AlanEll

Great you have answered something that we have been thinking about. Whether or not we could continue to pay off our credit cards once we get to Oz rather than pay them all beforehand. Leave us with some extra cashflow. Wouldn't dream of not paying them BTW,

Mrs Ell

Originally Posted by paulandcelia

I have just sold my house and paid off all my debts, NO morgage, No credit cards, No Loans.

Best feeling in the world.....

Originally Posted by samjones1999

SPOT ON!!!!!

Originally Posted by jd6969uk

You do like your caps don't you.

Originally Posted by samjones1999

Jeanettetlw, it is you who needs to look back on the thread and take on board the comments from livinginreality,steve o,77hil, pollyana, comet555, caliburn, jad n rich, canadaeh, dead vim, moneypenny for a reality check. I would be interested to hear what jd6969 would say now, after finding you can afford to pay. It was people defaulting on bad loans that started the banking crisis. Its easier to blame the faceless bank rather than take on personal responsibility.

Originally Posted by samjones1999

certainly DO!!!! Do they offend you sir?

Originally Posted by jd6969uk

My eyes have been opened and I have all of you who contributed to this thread to thank!

I had always figured I would make the move to OZ and pay off all of my debts. Now I realize that this is just crazy talk. I'm going to leave all of my debts behind and sail off into the sunset without a care in the world. I will not worry about any phone calls over in OZ or any knocks on the door and I will sleep very peacefully each night safe in the knowledge that all of the suckers left back in blighty will be dealing with these debts for me!

I feel like a new man - a young buck - Thanks guys (and ladies) - I owe you all big time

Originally Posted by jd6969uk

My eyes have been opened and I have all of you who contributed to this thread to thank!

I had always figured I would make the move to OZ and pay off all of my debts. Now I realize that this is just crazy talk. I'm going to leave all of my debts behind and sail off into the sunset without a care in the world. I will not worry about any phone calls over in OZ or any knocks on the door and I will sleep very peacefully each night safe in the knowledge that all of the suckers left back in blighty will be dealing with these debts for me!

I feel like a new man - a young buck - Thanks guys (and ladies) - I owe you all big time