paddyo

Was it to complete a spelling test??

asprilla

Its all very well talking about philosophers and their views. But what about celebrities? What would Paris hilton do? Benny Hill? Torville and Dean?

Deancm_MKII

But i'm amoral.

Deancm_MKII

Paris Hilton would try to snort it.

asprilla

I'm pretty sure that Benny hill would be chased (probably through a field) by debt collectors from the credit card companies. The debt collectors would of course be women in their mid 20's.. I'll leave the rest to your imagination.

spartacus

If Torville happened to owe Dean, lets say, a tenner, and Torville turned round and said, "Listen Dean, about that tenner I owe you . . . " I think he'd go off it, more than likely dragging her by the arm across the linoleum kitchen floor, before spinning her through the back door and into the utility room . . .

hollykimalan

Last year we sold our house for much less than we paid for it.
We had to use our saving to buy ourselves out of our mortgage.
Only now do I look back and think we were stupid. We paid off our mortgage to the very people who created this bloody mess (GFC). I have since been told we should have just stopped paying our mortgage and it would have taken them ages to 'evict us'. Mean while we could have saved the money we would have spent.
We arrived with nothing. Just a job and a temporary unit to live in.
Having said all this it has been the best move ever and we are now getting things back in order!
HKA
x

DeadVim

I suspect you are talking Bolerocks.

paddyo

like it!!!!!

itxrd

Can see what you mean. In some ways you've done it the right way and in some ways you could call it being naive. Its a tough one. You weren't to know though so don't feel too bad

sonlymewalter

you are defo a philosopher in the making

shorrock

My view is yes you should pay it off. But not because it's Morally right, but the fact that by doing so you are affecting other people who need/want credit.

The lenders will become tight on lender requirements and therefore won't lend to people with no history / dodgy. Now you will probably say I don't care because it's England and I'm not going back I'm staying in Aus.

So if the Aussie did this, it would make getting credit in Australia for all new arrivals difficult, which affects you.

So while it may not affect you now given the banks in Aus are ok lending. It could affect those that follow. And all this because lots of people who leave a country just don't bother paying off thier debt.

Also be very care as more and more companies are doing full background checks which includes international debt and skills checking. The current company I work for took 6 weeks to do a background check on me. Which included a credit check / history for Aus, UK and USA. They told me if I had any unserviced debts that I would have to clear them before I could start work. I think more and more companies will do this.

itxrd

Hey Shorrock.

They don't vet people on their likelihood on emigrating. Someone could have a perfect credit record and default as they are leaving. Someone else could have poor credit but not be moving anywhere. They've got tighter anyway with the gfc.

I don't think anyones going to be too fussed about people having to wait 6 weeks for a loan if they don't have to pay back 20k. I have worked for over 10 of the big banks in the UK and haven't heard of these intl checks. Maybe in the future but they don't do them now. I hope we don't get the usual scare stories from people who are just peed off they didn't think of not paying their debts

Morally its wrong to not pay back the money but no one cares about these big companies that are making millions and millions and millions. It is irresponsible and lame for people to not pay it off. Totally. I mean its poor running up so many debts but if you have a young family + mouths to feed I can see why people do it.

shorrock

When I said companies doing the background check I meant employers, not banks. So your debt in the UK could affect you employment in Australia.

Your debt where ever it is could also affect your employment if you got a Gov job in Australia that requires security clearence.

And if you can't afford to feed your family or kids in another country (UK) then how do you expect to pay for the costs of migration and setting up a new life in Australia.

Deancm_MKII

ANZ acts illegally in chasing debtors:

http://www.theage.com.au/business/fi...913-1599y.html

Obviously the banks don't give a shit about morals... Or the law for that matter.