Hi all.

I'm currently a British citizen who is set to graduate from uni this summer and then hopefully migrate to Australia.

A lot of people have told me that if I go expat by living there for 7 years or more (correct?) all my debts will be terminated. Is this true?

Cheers.

why ? not pay your bills before you try and move from the uk


which debts are you thinking of running away from ?

WHY are graduates so thick

If this is the case please let me know and I will go on a massive shopping spree, go on a cruise and lots of other things before I leave for OZ!!!!

I've got the saucepan on for popcorn again.... who wants salt and who wants sugar??

I'll plump up the cushions and get the foot rests then... might as well put up our feet if we are going to watch fireworks..

Em x

woop's here we go again

I've only got half a bottle of wine... will that be enough????

Only half, nip out to the offie now, you have time. This one may take some time

I may have to come back tomorrow with a whole box....

I believe this is relating to the Student Loan (not credit card or personal loans of other kinds).
If so, from memory the paperwork states that it does get cancelled if the ex-student lives abroad for a period of time (7 yrs sounds familiar).

*still wondering where the fireworks are and why I aren't seeing any?*

oh well! you win some you lose some!

Em x

Doesn't state student loan though, just asks about debt. There is no truth to the statement that "all debts are cancelled after 7 years" - depends on the individual lender and the debt concerned.

I can hear the sound of moral high horses galloping.....

Wow, I ask a simple question and get slated by a load of fogies who spend too much time on an internet forum.

Thankyou for those people who actually tried to help sorry I should have stated I meant student debts aka student loans, and yes they do terminate after going expat.

Bye!