Re: Managing UK debt from Canada
 

An HSBC Advance account with global view should sort you out

Re: Managing UK debt from Canada
 

You are joking right? They have you bang to rights and, providing you are solvent, have nothing to lose and everything to gain by enforcing against you.

When I do insolvency work here, I get more than 10c in the dollar. You are in cloud cuckoo land.:D

Re: Managing UK debt from Canada
 

The Limitation period is 6 years which, for most people, will start to run from the date of the last default. If a CCJ has been obtained, then forget about any limitation period.

Re: Managing UK debt from Canada
 

I don't know how you sleep at night - you banking shill;)

Re: Managing UK debt from Canada
 

Tell me about it. Now I am on my own I have a completely new understanding about accounts receivable. I had to tell my wife the other day how much is outstanding. In a typical disinterested fashion she told me she didn't care, until she realised what she could buy with it then she went nuts and told me to sue the bastards. Anyone know a good lawyer;)

Re: Managing UK debt from Canada
 

But you aren't in the business of lending people money. People not paying you is not part of your business plan.

Re: Managing UK debt from Canada
 

Easier said than done though, particularly in family litigation. One party comes in saying they want X done. So I take a retainer which should cover X and 15% more. Y then decides to bring an application against X that results in the retainer not being enough. Now, a callous bastard would say to X pay me retainer plus whatever now or you are on your own. X says, can`t pay you this month but I will next month but I really need a lawyer or I will lose my kids to Y - what do you do:confused:

I know you are right, I have a shitty business plan

Re: Managing UK debt from Canada
 

Is your main business charging people interest on these loans? I bet it isn't.

There is a difference between you and a bank - you've done actual work. A bank lends you $500 on your credit card - where do you think the bank got it from? You think that's real money it lent you?

The fact is that the banks over the last 10 years have knowingly lent to people who they knew would not pay it back and then sold on those debts knowing they were bad. Some banks even sold them on and then bet against them. You want fraud - that is fraud; yet these people are walking around free and rich.

This is why I don't see defaulting on a loan issued by these people as immoral - it should be a purely financial decision. Morals shouldn't come into it - it doesn't for the banks and nor should it for the rest of us.

Re: Managing UK debt from Canada
 

I am not disagreeing with anything you say and, unfortunately for my clients from this point forward, they will have to pay me an excessive retainer, or they can go somewhere else - It is better not to do the work and not get paid than it is to do the work and not get paid. Unfortunately, access to justice it isn`t.

But I guess that is the way of the world these days - too many believe it doesn`t harm anyone not to pay.

Re: Managing UK debt from Canada
 

Hi FlyingScottie.

I landed in January this year and last week after consistantly clearing my Scotia Visa card ($1000 limit) for 9 months straight they informed me that I had an excellent credit rating.

So it does not take that long to build credit over here. They have given me 5 figure line of credit facility with an interest rate of 4.5% . I have no intention of using it but if I did have credit card debt in the UK I would definately pay it of with my line of credit as 4.5% is much better than any credit card or loan rate I saw in the UK.

Re: Managing UK debt from Canada
 

That's verrryy interesting, thank you!

Can I ask what type of account you opened with Scotia Bank, and if you feel any of the credit is to do with your own earnings?

Thanks!

Re: Managing UK debt from Canada
 

Scotia Bank have a "package" for landed immigrants that you can open with your PR document. They give you a few extra's like a safe deposit box for a year and freeze monthly charges on the account for a year.

They also gave me $1000 unsecured on a credit card.

I am sure other banks will offer similar packages. I found Scotia helpful enough and they have plenty of branches. To me bank's are all necessary evils- but I have been impressed with this line of credit at such low interest which is handy incase of any emergency.

My credit rating was I believe down to two things 1/ Clearing the credit card balance in full each month and 2/ Paying honda reliably each month for a car I financed.

I have paid all my salary checks in aswell but I only started earning after 3 months here so it was only 6 months worth of pay. Passing probation at work was something that Scotia checked out.

Re: Managing UK debt from Canada
 

Hmmm...
Chasing people around the world for debts is one thing. Having the power to make them pay is another.
I understand it's relatively straightforward to enforce a UK CCJ in Canada, but how can you get a CCJ against a person who no longer lives in the UK?

Re: Managing UK debt from Canada
 

Serve them at their last known address, and obtain default judgment (don't forget, few debtors state "I am leaving the country now, go screw yourself")or, obtain an order for serving them outside of the jurisdiction. Skip tracers can locate people around the globe relatively easily.