bondipom

Has anyone in Oz with a blackmark on their UK credit records found it has turned round and bitten them on the arse here?

I have no debts in the UK but there I had a problem with an overdraft 4 years ago.

matthewsavin

i was wondering aswell what happens if you piss off abroad and you have left aload of bills behind you
matty

leanda

This question has been asked before and I think it is a case of they wont be able to trace you, but scan back through the archives.

matthewsavin

hello again
nice if thats true bit more money to take with u but i bet its a bummer if u gotta come back

Pollyana

Have a read of this one - quite interesting....

http://britishexpats.com/forum/showt...&highlight=ccj

karawara88

Depends how much you owe and who you owe it to, what you have to remember is companies sell debts, some will write them off some will chase you for them. But as the debt gets passed from company to company, baliffs, courts etc, It does not get any smaller, eventually it will be worth someone finding you.

Australia seem to be ahead of the game when it comes to linking data on you.

tiredwithtwins

cripes!
just read the entire thread! there were a lot of angry people on there!!
I too have wondered if my poor credit HISTORY would hinder me getting credit in oz, but it is a history, and not a debt I am running away from.

(some arguing going on in that thread i wonder id any od 'em have come back to uk/been found out?)

sue

PeteY

If you actually owe money, i could'nt say.

However, the official credit record itself (good or bad) does'nt carry over.

Shame really......i have a pretty good one!

tiredwithtwins

glad it doesnt carry over - we have worked bloody hard to get everything paid off. just got student loan to settle, then I'll be done!!


sue

cresta57

Hey Pete,
If the credit record doesn't carry over does that mean that to establish one we would have to buy a few things on tick that we'd probably have bought for cash?
Our house and consequentially both of us have no chance of credit here in the U.K as a lodger "left town" owing thousands on loans and credit cards. [I could have cleared the credit thing years ago but it's stopped either of us impulse purchasing]
Sean

Pollyana

Sean,
Thats right, you start off in Oz with a virtually blank sheet - so as soon as you get signed up with a bank, get yourself a credit card asap - even if you pay it off in full each month, it still starts building you a credit history. Also if you can get on the voters list then do so, as that helps too.
Shame if you're leaving a good history behind - good news if you want a fresh start!

PeteY

You will have to establish that you're a good boy/girl to the banks etc, as they won't have any idea if you are good with your cash.

We are setting up an HSBC account from here, as we are first direct customers in the UK. We will also ask for a credit card now, as getting one can be harder if you are an unemplyed unknown.

Teresa

Most large companies can get access but the cost and hassle involved means that they prob won't in most cases, depending on your situation.

I work for large finance co and we don't bother when borrowing smaller amounts if customer moved from abroad (or even decline on no track record) but if large borrowing then details can be checked with our subsidiaries in Oz or wherever.

If you have a good record, apply for copy of your file from experian etc and, or if not, good idea to take a few open references with you from bank/mortgage lender/landlord.........

Pollyana

Just curious, but what do credit card & finance companies consider to be a "large" or "small" debt these days?

Teresa

think we'll all be ok, large debt = £500k+ !!!!!!