Re: loan
 

Thats for a debt, what they are suggesting is effectively fraud. Thats 7 years inside!

Re: loan
 

I know, thats why I would not do it.

I know of one person here who did not pay his Visa off, 15K pounds.
I lost all the respect I had for him when he told me what he had done.

To me if you moving for a better life you need to tie up every lose end before you go.

Re: loan
 

I know a lot of people who have done, or want to do the same, but to knowingly apply for a loan, with the express intention of then leaving with the money is theft, the act of doing it is fraud.
The issue is not credit or finance or if they could be found, it is a criminal act.

Re: loan
 

I'm pretty sure if someone took out a loan and done a bunk then it would be fraud and they would be dealt with as you can't just disappear! Everyone leaves a few footprints that can be traced!
Imagine getting to Aus thinking you've got away with it, then getting dragged back to UK and put inside for a while, would be quite an experience I'd say, one I would not consider going through, but to each their own! ;)

Re: loan
 

Quite... To take a loan with the deliberate intention of not paying it back would be fraud. If the loan institution could show that, then you could be pursued on that basis which would open up a lot of doors for people looking for you to walk through... Totally different scenario to 'forgetting' to pay off a couple of credit cards... Totally different potential outcome too...

Re: loan
 

I'm no expert.
I would not do it but each to the own :rolleyes:

Re: loan
 

You know, regardless of whether you got caught or not you would be a thief.
I know I could not live with that.

What is so wrong with going over there and EARNING some money?

Re: loan
 

That's a bit radical, esperanza! :eek:

:D

Re: loan
 

With easy availability to loans I suppose it's tempting, but it's hard to believe someone would act so out of character i.e. I'd expect the type of person who'd do this would be dodgy anyway, not usually the type who'd plan and think things through - like emigrating.

Re: loan
 

I like to be controversial, so...

A friend of a friend of mine moved to Australia a few years ago with existing loan and credit cards in the UK. He also owned a house that he had virtually no equity in so was repaying a mortgage also.

For the first year or so in Australia he made his repayments, then stopped. He had a few letters then filed for bankrupcy in the UK. He had to travel to court in Londoin for the bankrupcy hearing, where he told them that in Australia he is struggling to make ends meet (not entirely true, but they couldn't check) and couldn't afford to pay his creditors in the UK.

Long story short he has no intention of returning to the UK so the sanctions of being made bankrupt don't matter to him, and in one morning he wiped out tens of thousands of pounds of debt.

I'm not advocating his actions or the system that allowed them, but it's a good story :)

Re: loan
 

my wifes dad worked in the check squad and he had to got to america and other places to get people .and they always find you because of your ID we are all on the files /pc .all they have to do is ask the australian goverment has this man enterd your country??????????? for a few £££££££ is it realy worth it. if it millions got to brazil/or where ronny brigs went to hahahahahahaahahahah
all the best with the bank job
Dave

Re: loan
 

Most banks in the world are part of networks. Bank of Montreal is connected to Commonwealth in Australia, which is linked to banks in UK, which are linked to banks in any and almost every other country in the world.

Re: loan
 

Well, what about when he applies for loans in Australia and they ask have you ever declared bankrupcy? If he says no to that question and they check his finances back in UK, then he will be found out. When you sign a loan application, you are signing a declaration that your answers are truthful. What's the difference between lying to get a loan here and lying to leave one there?
I apologise if this sounds harsh, but we are still paying off a loan we left in Canada so I have very little sympathy/tolerance for those who do a runner because they think they can get away with it.

Re: loan
 

I'm in the same boat as you. What was once a fairly easy repayment in pounds is now crippling in dollars... :scared:

Re: loan
 

Here's another question/idea - what about official student loans? You have to declare you are moving abroad, then declare your earnings there.
I spent about 20 minutes on the phone to SLC this morning, and it turns out that a) they don't really know anything about it and b) it sounds like the system is seriously flawed.

For example, they calculate the amount you repay based on your declared earnings (how they check them I don't know) and the exchange rate on the day they receive your form. We all know how the Xrate can fluctuate, but there is no annual average or anything like that.

I'm also convinced that there used to be some loop-hole about being out the country for 7 years and having it wiped out, but not surprisingly the SLC denied any knowledge of this! :rolleyes: