colldaisy

Hey,

has anyone moved to Australia and left bank overdrafts or any other debt?
Does your bank come looking for you?....will my parents address get black listed?

bingobob777

It will affect your parents credit rating

Jilliebee

Don't know but it should! If you can't afford to live in UK, not sure how you can afford to come here!

colldaisy

LOL I can afford to, I have just heard about people leaving their graduate accounts without paying them off.
But I will just have to pay it off before hand

Jilliebee

Probably the best way. Not sure what happens to those people who leave debt behind, if they have to return to UK in the future! can't be good x

colldaisy

yeh well thats a point, hopefully I'll be able to make payments while I'm in oz?

is it best to open an Australian bank account before I go over there?

Jilliebee

We didn't,however I know of a lot who did so that they had bank cards and cash waiting for,them when they got here x. There will be no problem transferring money back to UK however if you are sending small, regular amounts you will probably be hammered with fees and exchange rates

Reaver

When you filled in your student application, you will have no doubt submitted the details of two forwarding addresses (points of contact.), so those will be the first places SFE will look. If you are planning on leaving the country, there is a procedure for doing so, and involves contact SFE to let them know your plans, they will then arrange how you will pay back the loan from overseas.

Points to consider:-

I ran away from debts persistently for several years, and now at 37 with a family, they still rear their ugly head and haunt me in more ways than one.....
.

Sue

I'm assuming you are currently making monthly payments? If so just leave your UK bank acc open and just transfer money into it each month and that way you can continue to pay.

isgraham

In my opinion consumer debt should be paid back but given that I got a more or less free education I would have no problems if graduates were to leave their tuition fees debt behind and I say hat as someone living in the UK paying a shitload of tax as well.

canadaeh

Yes, many people do it - unfortunately.

Yes, they do sometimes try (phone, letters etc)... but no, there is nothing they can do - unfortunately.

"Addresses" don't get black listed, if they did then everyone who ever moves house would have problems.

Names, get a bad credit rating, the people who the debt was for, not their parents, their sisters, their cats or dogs.

When you arrive in Australia you have a new clean credit report, but if you have fallen into debt in the UK and couldn't manage your finances they you will have the same problem in Australia. If you can't afford to pay your debts then you can't afford to move country, simple as that.

kimilseung

I think student debt is not covered by the usual 7 year rule, so you will still be responsible for it, even if they do not come after you for 7 years.

I really do not know what I am talking about here, but maybe something for you to research to clarify.

Nice Guy

Pollyana

As Sue has said higher up the thread, leave a UK account open, use someone like www.tranzfers.com to move money regularly and pay of your debts from Aus. Thats the way most of us do it.

Pollyana

Can I join you, I'll just put my tin hat on first before the flack starts flying.......