Moving abroad with debt - tell bank I'm moving to reduce chance of CCJ?
Jan 24th 2015, 12:08 am
#1
Just Joined
Thread Starter
Joined: Jan 2015
Posts: 1
Moving abroad with debt - tell bank I'm moving to reduce chance of CCJ?
Hello everyone,
I will be leaving the UK soon to move to Australia and set up a new life with my partner. I have debt on credit cards and loans with a few different banks. With circumstances over the next couple of years probably won't be in a position to pay them back.
As I need to move to Australia soon I was just going to move and then when I was in a position to pay them back personally and financially in a couple of years get in contact with the banks then.
My question is, is it better to:
1) Just disappear and not tell the banks I have moved to Australia so it reduces the chance of debt collecting agencies chasing me in Australia or
2) Tell the banks I am living in Australia so they cannot get a CCJ against me at my last known address in my absence.
To be honest I was just going to move without contacting the banks and deal with it all down the line. However I have read on here that Australia has a reciprocal enforcement agreement that could be enforced if a CCJ is logged against me. Therefore am I better telling the banks I am outside the uk so they can not give me a CCJ as unless I am mistaken the only way I could get trouble in Australia for my outstanding debt is if the CCJ is enforced. But if I tell them where I am living will I not just get bombarded with calls and letters harassing me??
Any guidance would be very much appreciated.
Thanks
I will be leaving the UK soon to move to Australia and set up a new life with my partner. I have debt on credit cards and loans with a few different banks. With circumstances over the next couple of years probably won't be in a position to pay them back.
As I need to move to Australia soon I was just going to move and then when I was in a position to pay them back personally and financially in a couple of years get in contact with the banks then.
My question is, is it better to:
1) Just disappear and not tell the banks I have moved to Australia so it reduces the chance of debt collecting agencies chasing me in Australia or
2) Tell the banks I am living in Australia so they cannot get a CCJ against me at my last known address in my absence.
To be honest I was just going to move without contacting the banks and deal with it all down the line. However I have read on here that Australia has a reciprocal enforcement agreement that could be enforced if a CCJ is logged against me. Therefore am I better telling the banks I am outside the uk so they can not give me a CCJ as unless I am mistaken the only way I could get trouble in Australia for my outstanding debt is if the CCJ is enforced. But if I tell them where I am living will I not just get bombarded with calls and letters harassing me??
Any guidance would be very much appreciated.
Thanks
Jan 24th 2015, 1:41 am
#2
BE Enthusiast
Joined: Jun 2005
Location: Currambine
Posts: 810
Re: Moving abroad with debt - tell bank I'm moving to reduce chance of CCJ?
Hello everyone,
I will be leaving the UK soon to move to Australia and set up a new life with my partner. I have debt on credit cards and loans with a few different banks. With circumstances over the next couple of years probably won't be in a position to pay them back.
As I need to move to Australia soon I was just going to move and then when I was in a position to pay them back personally and financially in a couple of years get in contact with the banks then.
My question is, is it better to:
1) Just disappear and not tell the banks I have moved to Australia so it reduces the chance of debt collecting agencies chasing me in Australia or
2) Tell the banks I am living in Australia so they cannot get a CCJ against me at my last known address in my absence.
To be honest I was just going to move without contacting the banks and deal with it all down the line. However I have read on here that Australia has a reciprocal enforcement agreement that could be enforced if a CCJ is logged against me. Therefore am I better telling the banks I am outside the uk so they can not give me a CCJ as unless I am mistaken the only way I could get trouble in Australia for my outstanding debt is if the CCJ is enforced. But if I tell them where I am living will I not just get bombarded with calls and letters harassing me??
Any guidance would be very much appreciated.
Thanks
I will be leaving the UK soon to move to Australia and set up a new life with my partner. I have debt on credit cards and loans with a few different banks. With circumstances over the next couple of years probably won't be in a position to pay them back.
As I need to move to Australia soon I was just going to move and then when I was in a position to pay them back personally and financially in a couple of years get in contact with the banks then.
My question is, is it better to:
1) Just disappear and not tell the banks I have moved to Australia so it reduces the chance of debt collecting agencies chasing me in Australia or
2) Tell the banks I am living in Australia so they cannot get a CCJ against me at my last known address in my absence.
To be honest I was just going to move without contacting the banks and deal with it all down the line. However I have read on here that Australia has a reciprocal enforcement agreement that could be enforced if a CCJ is logged against me. Therefore am I better telling the banks I am outside the uk so they can not give me a CCJ as unless I am mistaken the only way I could get trouble in Australia for my outstanding debt is if the CCJ is enforced. But if I tell them where I am living will I not just get bombarded with calls and letters harassing me??
Any guidance would be very much appreciated.
Thanks
The bank should be well aware that they risk getting nothing back if you just leave for Australia and don't pass on a forwarding address.
Also, do you want to risk any potential financial issues if and when you return to the UK
Jan 24th 2015, 7:47 am
#3
Forum Regular
Joined: Jan 2013
Posts: 175
Re: Moving abroad with debt - tell bank I'm moving to reduce chance of CCJ?
This is a no brainer... pay the bank back first... you cant afford to go to Australia until you do. you're plan to defraud the bank only puts the cost of banking up for those who dont do a runner
Jan 24th 2015, 12:26 pm
#4
Concierge
Joined: Jan 2013
Location: Western Australia
Posts: 21,140
Re: Moving abroad with debt - tell bank I'm moving to reduce chance of CCJ?
Hello everyone,
I will be leaving the UK soon to move to Australia and set up a new life with my partner. I have debt on credit cards and loans with a few different banks. With circumstances over the next couple of years probably won't be in a position to pay them back.
As I need to move to Australia soon I was just going to move and then when I was in a position to pay them back personally and financially in a couple of years get in contact with the banks then.
My question is, is it better to:
1) Just disappear and not tell the banks I have moved to Australia so it reduces the chance of debt collecting agencies chasing me in Australia or
2) Tell the banks I am living in Australia so they cannot get a CCJ against me at my last known address in my absence.
To be honest I was just going to move without contacting the banks and deal with it all down the line. However I have read on here that Australia has a reciprocal enforcement agreement that could be enforced if a CCJ is logged against me. Therefore am I better telling the banks I am outside the uk so they can not give me a CCJ as unless I am mistaken the only way I could get trouble in Australia for my outstanding debt is if the CCJ is enforced. But if I tell them where I am living will I not just get bombarded with calls and letters harassing me??
Any guidance would be very much appreciated.
Thanks
I will be leaving the UK soon to move to Australia and set up a new life with my partner. I have debt on credit cards and loans with a few different banks. With circumstances over the next couple of years probably won't be in a position to pay them back.
As I need to move to Australia soon I was just going to move and then when I was in a position to pay them back personally and financially in a couple of years get in contact with the banks then.
My question is, is it better to:
1) Just disappear and not tell the banks I have moved to Australia so it reduces the chance of debt collecting agencies chasing me in Australia or
2) Tell the banks I am living in Australia so they cannot get a CCJ against me at my last known address in my absence.
To be honest I was just going to move without contacting the banks and deal with it all down the line. However I have read on here that Australia has a reciprocal enforcement agreement that could be enforced if a CCJ is logged against me. Therefore am I better telling the banks I am outside the uk so they can not give me a CCJ as unless I am mistaken the only way I could get trouble in Australia for my outstanding debt is if the CCJ is enforced. But if I tell them where I am living will I not just get bombarded with calls and letters harassing me??
Any guidance would be very much appreciated.
Thanks
Best you do some online/in person research through reputable sites (such as government and recognized not-for-profit legal facts sites), and community advice centres, - somewhere like a local community legal centre should be able to give you the facts, at least on UK credit law.
Life throws all kinds of things at us, just do the best you can in accordance with the info you find out because really, that's all any of us can do (the best we can). Best of luck with the move
