debts or not
#17
Re: debts or not
Love these threads, so have subscribed to see the fall out.
My two cents though would be that if you can pay (even a little bit at a time) then you should. You borrowed it, you pay it back.. it's fairly straightforward in most cases. That's just my opinion though and I know others would disagree.
My two cents though would be that if you can pay (even a little bit at a time) then you should. You borrowed it, you pay it back.. it's fairly straightforward in most cases. That's just my opinion though and I know others would disagree.
#18
Forum Regular
Joined: Feb 2010
Posts: 69
Re: debts or not
Its people like you that have put this country into recession, instead of blaming the bankers let look at the irresponsible borrowers who can't be bothered to pay off the debts they have racked up. If you can't afford to pay it off, emigrating should be the last thing you should be doing. How do you think you will afford to live there, if you can't live within your means here? Heres my advise, neither a borrower nor a leander be. If you havent got at least £50,000 to emigrate with, don't or you'll just end up on here in 12 months time moaning about the cost of living and being trapped with no money to go home.
#19
BE Enthusiast
Joined: Apr 2008
Posts: 740
Re: debts or not
BUT, if you can afford to pay it back, please do so by all means.
Otherwise, the guilt will haunt you foreever. Some people (who don't ask such a question on BE forum) could handle it, but trust me you can't.
#20
Re: debts or not
http://www.insolvencyhelpline.co.uk/...tation_act.php
#21
BE Enthusiast
Joined: Mar 2008
Posts: 470
Re: debts or not
Its people like you that have put this country into recession, instead of blaming the bankers let look at the irresponsible borrowers who can't be bothered to pay off the debts they have racked up. If you can't afford to pay it off, emigrating should be the last thing you should be doing. How do you think you will afford to live there, if you can't live within your means here? Heres my advise, neither a borrower nor a leander be. If you havent got at least £50,000 to emigrate with, don't or you'll just end up on here in 12 months time moaning about the cost of living and being trapped with no money to go home.
bluekipper
#22
Forum Regular
Joined: Jan 2010
Posts: 34
Re: debts or not
Its people like you that have put this country into recession, instead of blaming the bankers let look at the irresponsible borrowers who can't be bothered to pay off the debts they have racked up. If you can't afford to pay it off, emigrating should be the last thing you should be doing. How do you think you will afford to live there, if you can't live within your means here? Heres my advise, neither a borrower nor a leander be. If you havent got at least £50,000 to emigrate with, don't or you'll just end up on here in 12 months time moaning about the cost of living and being trapped with no money to go home.
I'll tell you one thing and that is I certainly won't shed any tears for the banks and any losses they would incur over people walking away from UK debts. They wouldn't shed any for us.
It`s a bit off topic but these same banks operate everyday in a world where their actions cannot be called anything other than fraud! If any of us were to try some of these tricks we would be locked up but when the banksters do it, it`s ok because that`s just how the "system works".
Don't forget the Banks walk away from debt all of the time and it`s considered part of business.
#23
Banned
Joined: Aug 2009
Posts: 2,733
Re: debts or not
Its people like you that have put this country into recession, instead of blaming the bankers let look at the irresponsible borrowers who can't be bothered to pay off the debts they have racked up. If you can't afford to pay it off, emigrating should be the last thing you should be doing. How do you think you will afford to live there, if you can't live within your means here? Heres my advise, neither a borrower nor a leander be. If you havent got at least £50,000 to emigrate with, don't or you'll just end up on here in 12 months time moaning about the cost of living and being trapped with no money to go home.
I think the OP should just leave the debts, afterall it's only money, who cares.
#24
Forum Regular
Joined: Jan 2009
Posts: 71
Re: debts or not
It's unlikely to be passed onto an Aussie debt collection agency and even if it is there is little they can do, you should pay it if you can but I personally wouldn't lose any sleep over it if you don't, after all it was only the greed of the banks that made them loan you the money, they didn't do it because they felt sorry for you or just wanted to help you out because they're nice, they take the chance and sometimes they lose.
#25
Lost in BE Cyberspace
Joined: Apr 2004
Posts: 10,375
Re: debts or not
Its always such a lovely gift to your family and friends to bog off not paying your debts, they can then remember you everytime they are contacted by debt collecting heavies about where youve moved too.
Nicer than sending flowers
#26
BE Enthusiast
Joined: Aug 2008
Location: Canberra
Posts: 568
Re: debts or not
To the OP. Personally, you took out the loan, you should pay it back - if its hard then pay back just a bit, but pay it back eventually at least.
#27
Lost in BE Cyberspace
Joined: Apr 2004
Posts: 10,375
Re: debts or not
We recently had tenants who skipped a pile of debt ( we got ours- rental bond ) anyway, 6 months later the new tenants were still be bombarded by mail from banks, courts and lawyers, debt collectors, 'representatives' of certain companies, armed police officers with a warrant. I dont suppose for one second any of them blurted out exactly what it was for but it doesnt take much to work out they werent coming round for a cup of tea.
Couple of companies also sent demands for the money to A: myself as landlord and B: 'occupier of the house' - the new tenant of course opened the mail. Full details of whats owed the works.
#28
Forum Regular
Joined: May 2005
Location: Ex Southampton, now on the Mornington Peninsula
Posts: 257
#29
BE Enthusiast
Joined: Aug 2008
Location: Canberra
Posts: 568
Re: debts or not
That was obviously for something much more than a debt.
As for mail, if you are getting someone elses mail for their debt, how does it hassle you? just throw it in the bin, it can't damgage your credit rating.
At my old place I used to always get letters for the previous tennants debts, I simply put "not at this address" I then recieved more, so made a complaint to the ombudsman, never recieved any again.
Not my debt, not my problem... why worry about it. Only the person who owns the debt will have their credit rating dammaged, no one else.
As for mail, if you are getting someone elses mail for their debt, how does it hassle you? just throw it in the bin, it can't damgage your credit rating.
At my old place I used to always get letters for the previous tennants debts, I simply put "not at this address" I then recieved more, so made a complaint to the ombudsman, never recieved any again.
Not my debt, not my problem... why worry about it. Only the person who owns the debt will have their credit rating dammaged, no one else.
#30
Lost in BE Cyberspace
Joined: Apr 2004
Posts: 10,375
Re: debts or not
That was obviously for something much more than a debt.
As for mail, if you are getting someone elses mail for their debt, how does it hassle you? just throw it in the bin, it can't damgage your credit rating.
At my old place I used to always get letters for the previous tennants debts, I simply put "not at this address" I then recieved more, so made a complaint to the ombudsman, never recieved any again.
Not my debt, not my problem... why worry about it. Only the person who owns the debt will have their credit rating dammaged, no one else.
As for mail, if you are getting someone elses mail for their debt, how does it hassle you? just throw it in the bin, it can't damgage your credit rating.
At my old place I used to always get letters for the previous tennants debts, I simply put "not at this address" I then recieved more, so made a complaint to the ombudsman, never recieved any again.
Not my debt, not my problem... why worry about it. Only the person who owns the debt will have their credit rating dammaged, no one else.
I got the distinct impression companies here dont just let the debt 'go'. The company who tried to get us to pay the bill were chasing a mere $436.
I assume some of the other debt was larger and at least one company obviously took it from letters to lawyers to court to police. It took several months to escalate but more than one company were like a dog with a bone.