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UK Finances once I have left country

UK Finances once I have left country

Old Feb 24th 2004, 9:22 pm
  #1  
Kevin Hunter
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Default UK Finances once I have left country

A small query for anyone out there with financial knowledge.
I shall be leaving the country hopefully in May providing Nebraska come up
with the goods soon. Upon leaving I shall still have a couple of credit
cards here with money due. Now seeing as I shall be neither employed here in
the UK or over there in the US I am looking at claiming on the unemployment
payment protection provided by my credit card companies.

Is this possible???

Thanks in advance for any help,

Kevin

thefamilyhunter.com
 
Old Feb 24th 2004, 9:47 pm
  #2  
Mtravelkay
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Default Re: UK Finances once I have left country

Kevin Hunter wrote:

    > A small query for anyone out there with financial knowledge.
    > I shall be leaving the country hopefully in May providing Nebraska come up
    > with the goods soon. Upon leaving I shall still have a couple of credit
    > cards here with money due. Now seeing as I shall be neither employed here in
    > the UK or over there in the US I am looking at claiming on the unemployment
    > payment protection provided by my credit card companies.
    >
    > Is this possible???

I doubt they offer protection for voluntary unemployment.
You could call them and ask.
 
Old Feb 24th 2004, 10:03 pm
  #3  
Den Murray
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Default Re: UK Finances once I have left country

Kevin

We look forward to having you over here later in the year!

Regarding the credit cards, I seem to recall that most of the payment
protection includes caveats such as:
* You were made unemployed involuntarily
* You continue to actively seek work (as evidenced by registering at and
signing-on at a jobcentre)

I think that you will be lucky to succeed in a claim if you are not job
hunting *in the UK* - but it's always worth a try!!

BTW: Two bits of advice: Keep your UK credit cards active (you will find
that you can register them at your US address) as it's useful to maintain a
UK credit history and have access to a GBP credit card, and (having been
there and done that!) - if you haven't made a list of the things you are
moving for the shipping insurance - start doing it now - it takes forever!

Cheers

D


"Kevin Hunter" <[email protected]> wrote in message
news:G7Q_b.18637$ft.8062@newsfe1-win...
    > A small query for anyone out there with financial knowledge.
    > I shall be leaving the country hopefully in May providing Nebraska come up
    > with the goods soon. Upon leaving I shall still have a couple of credit
    > cards here with money due. Now seeing as I shall be neither employed here
in
    > the UK or over there in the US I am looking at claiming on the
unemployment
    > payment protection provided by my credit card companies.
    > Is this possible???
    > Thanks in advance for any help,
    > Kevin
    > thefamilyhunter.com
 
Old Feb 25th 2004, 8:56 am
  #4  
Living in Milwaukee, USA!
 
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Default Re: UK Finances once I have left country

Your best option is to do what I did. Open an AMEX and transfer the balances from your current credit cards to it.

An AMEX can be paid off anywhere in the world (there is always an AMEX office in every major town/city). I got 4.9 APR for the first year on my balance transfers through American Express. I will have my card paid off, but in your situation this sounds like the easiest way to clear it instead of screwing around sending money back home.

The other great thing is you can link it up with internet banking, so you can check the balance on it easily.

The other bonus of having an AMEX is that you can apparently transfer the account from the UK to USA. My parents were told this after they closed there Australian AMEX account. Moved to America and reapplied for a new one. The AMEX rep said it would of been easier just to transfer there Aussie account to the States.

Obviously the bonus of this is it gives you an immediate entry onto the U.S. credit system.

Hope this helps

James


Originally posted by Kevin Hunter
A small query for anyone out there with financial knowledge.
I shall be leaving the country hopefully in May providing Nebraska come up
with the goods soon. Upon leaving I shall still have a couple of credit
cards here with money due. Now seeing as I shall be neither employed here in
the UK or over there in the US I am looking at claiming on the unemployment
payment protection provided by my credit card companies.

Is this possible???

Thanks in advance for any help,

Kevin

thefamilyhunter.com

Last edited by mcjimbo; Feb 25th 2004 at 9:00 am.
mcjimbo is offline  
Old Feb 25th 2004, 10:09 am
  #5  
Living in Milwaukee, USA!
 
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Location: Milwaukee, WI (formally England/Australia)
Posts: 899
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Default Re: UK Finances once I have left country

Kevin,

Further to my last post i've now found a page on AMEX with explains the transferral process:

http://home3.americanexpress.com/can...ransfer_en.asp

Theres also an interesting thread at Visajourney on this subject:

http://www.visajourney.com/forums/in...opic=1560&st=0

Cheers

James

Last edited by mcjimbo; Feb 25th 2004 at 10:12 am.
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Old Feb 25th 2004, 3:17 pm
  #6  
Roland Perry
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Default Re: UK Finances once I have left country

In message <[email protected]> ,
mtravelkay <[email protected]> writes
    >> Now seeing as I shall be neither employed here in
    >> the UK or over there in the US I am looking at claiming on the unemployment
    >> payment protection provided by my credit card companies.
    >> Is this possible???
    >I doubt they offer protection for voluntary unemployment.
    >You could call them and ask.

Nor are they likely to cover you unless resident in the UK.
--
Roland Perry
 
Old Feb 25th 2004, 3:31 pm
  #7  
Roland Perry
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Default Re: UK Finances once I have left country

In message <[email protected] m>, Roland
Perry <[email protected]> writes
    >>> Now seeing as I shall be neither employed here in
    >>> the UK or over there in the US I am looking at claiming on the unemployment
    >>> payment protection provided by my credit card companies.
    >>> Is this possible???
    >>I doubt they offer protection for voluntary unemployment.
    >>You could call them and ask.
    >Nor are they likely to cover you unless resident in the UK.

Later... more specifically, the insurance company will probably want
proof in an appropriate form from a Job Centre, which the UK Job Centre
won't issue you with (for a long time) if you were voluntarily
unemployed or (ever) if you are living overseas.
--
Roland Perry
 
Old Feb 25th 2004, 5:44 pm
  #8  
Kevin Hunter
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Default Re: UK Finances once I have left country

Thanks everyone for the advice, especially mcjimbo for the Amex stuff. Have
spoken to LTSB and found out that the unemployment insurance option is a no
go. They know that this has been tried and will refuse to pay out, I know
this because I work for them and got the information from a colleague!!!

Kevin

thefamilyhunter.com
 

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