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Re: Leaving UK Debt Unpaid - A Warning
Originally Posted by Deancm
(Post 7761326)
For 5 years anyway. After then it all beomes null and void. Clean slate.
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Re: Leaving UK Debt Unpaid - A Warning
Originally Posted by Deancm
(Post 7761290)
Why would it make you sick to the back teeth? How does someone elses debt affect you?
Makes me sick because I have been honest all my life and never borrowed money with the intention of doing one just coz I needed the cash to move, honesty obviously doesn't pay, excuse the pun ! Quite a few thousand pounds worth of wrongs never make a right in my eyes. Do you think the banks and credit card companies would think twice about chucking you out of your home if you were in financial difficulty? All the companies you have debt to are insured. They will just write it off as a bad debt and claim it on tax and insurance. At the end of the day they will lose nothing and yet you will go through a whole load of stress to get it paid... Makes you wonder doesn't it? |
Re: Leaving UK Debt Unpaid - A Warning
Originally Posted by kar-kier
(Post 7761338)
Dean, stop copying me! :p
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Re: Leaving UK Debt Unpaid - A Warning
Originally Posted by Deancm
(Post 7761347)
You said 6 years! :p
England and Scotland are different - one is 5 years the other is 6 - can't remember which is which though!! Didn't want someone jumping off the plane after 5 years and getting done! |
Re: Leaving UK Debt Unpaid - A Warning
Originally Posted by kar-kier
(Post 7761355)
Yeah, cause I'm a girl and I know better!!!
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Re: Leaving UK Debt Unpaid - A Warning
Originally Posted by DEEDEE01
(Post 7761339)
It does make you wonder actually, stress is a very big factor for me at the minute. I have, to date lost 40% of my hair (unfortunately not the excess 2 stone :rofl:),
Bear this in mind, the banks wouldn't have a second though about putting YOU on the street. Being in a situation of financial difficulty is stressful enough without the harassment and threats. It has nothing to do with dishonesty. Dishonesty is entering in an agreement providing false information with absolutely no intention of repaying. As I said, the banks are insured and don't lose out. Loyalty is a two way street. Why be loyal to an organisation that will shit on you at the first opportunity? |
Re: Leaving UK Debt Unpaid - A Warning
Originally Posted by ronan_in_Oz
(Post 7761361)
You kidding. Aren't you :p
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Re: Leaving UK Debt Unpaid - A Warning
Originally Posted by Deancm
(Post 7761372)
Just because you don't pay debts doesn't mean you are dishonest. Many people enter into debt with the full intention of paying it back and then they enter into financial hardship and life becomes a nightmare with constant harassment from collection agencies etc.
Bear this in mind, the banks wouldn't have a second though about putting YOU on the street. Being in a situation of financial difficulty is stressful enough without the harassment and threats. It has nothing to do with dishonesty. Dishonesty is entering in an agreement providing false information with absolutely no intention of repaying. As I said, the banks are insured and don't lose out. Loyalty is a two way street. Why be loyal to an organisation that will shit on you at the first opportunity? Def agree with you there Dean. Doing a bunk with a load of money is different to leaving debt you can't afford to pay!! |
Re: Leaving UK Debt Unpaid - A Warning
Originally Posted by kar-kier
(Post 7761355)
Yeah, cause I'm a girl and I know better!!!
England and Scotland are different - one is 5 years the other is 6 - can't remember which is which though!! Didn't want someone jumping off the plane after 5 years and getting done! Chances are though, if it was 6 years and you jumped off the plane after 5, it would probably take them a year to realise you were back in the country. |
Re: Leaving UK Debt Unpaid - A Warning
Originally Posted by kar-kier
(Post 7761386)
Def agree with you there Dean. Doing a bunk with a load of money is different to leaving debt you can't afford to pay!!
But I still stick to the fact that it isn't right. Do scenarios like this not make a much bigger picture in the long run, sign of the current times ? |
Re: Leaving UK Debt Unpaid - A Warning
Originally Posted by kar-kier
(Post 7761386)
Def agree with you there Dean. Doing a bunk with a load of money is different to leaving debt you can't afford to pay!!
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Re: Leaving UK Debt Unpaid - A Warning
Originally Posted by Deancm
(Post 7761428)
Right now in the UK, a lot of people that would be on their high horse about this are experiencing it first hand. I wonder if the people that have lost their home are still on their high horse?
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Re: Leaving UK Debt Unpaid - A Warning
Originally Posted by Deancm
(Post 7761428)
Right now in the UK, a lot of people that would be on their high horse about this are experiencing it first hand. I wonder if the people that have lost their home are still on their high horse?
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Re: Leaving UK Debt Unpaid - A Warning
Originally Posted by kar-kier
(Post 7761442)
And I would have been one of the ones experiencing it first hand!! Dh would have been out of a job and we would have lost our house!
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Re: Leaving UK Debt Unpaid - A Warning
Fantastic, been away for a week and on my return its another debt thread :lol:
Just for the record: You can walk from a consumer debt, not a civil one. Being in debt is not a crime Not paying a consumer debt is not a crime unless dishonestly obtained The debt stays on your UK credit history for 6 years (5 in Scotland) UK and Australian credit histories are totally different entities and cannot be transferred even if your creditor is a multinational company. The UK Data Protection Act stops this A UK consumer debt cannot be enforced in Australia even if you have 50 debt collectors knocking on your door in Oz. Any written demands for UK consumer debt sent to your Australian address carry as much clout as last weeks shopping list. Its a DCA's scare tactics to try and make you pay up...you dont have to. Same applies for telephone demands if you get called in Australia Anything else? |
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