British wife moving to US, has an unsecured loan
Oct 14th 2009, 2:36 pm
#31
You aint seen me, right?
Joined: Oct 2005
Location: US of A, TN
Posts: 3,573
Re: British wife moving to US, has an unsecured loan
If I were her I'd definitely keep paying it. When I moved across I still had an unsecured loan to pay from Egg so I left my bank account open and sent money across through Xe.com. I didn't tell either of them I was moving though in case they demanded me pay my debts off right away. I figured that one day I may need to return to the UK or my children may decide to move over there and it'd be nice if my credit score was decent so I could help them.
Of course on a purely selfish perspective you could say if your marriage doesn't work out and she has to move back to the UK then it doesn't matter to you if she's in debt when she gets there so tell her not to pay it. But then if you're thinking like that already what chance does your marriage have?
Of course on a purely selfish perspective you could say if your marriage doesn't work out and she has to move back to the UK then it doesn't matter to you if she's in debt when she gets there so tell her not to pay it. But then if you're thinking like that already what chance does your marriage have?
Oct 14th 2009, 3:24 pm
#32
Guttural Brumerican
Joined: Nov 2004
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Wirelessly posted (SAMSUNG-SGH-I617/1.0 Mozilla/4.0 (compatible; MSIE 6.0; Windows CE; IEMobile 7.6))
As I'm feeling nice and magmanimous today I'll tell you what you WANT to hear! There will be NO PROBLEM AT ALL with reneging on the existing debt. In fact I reckon shes being a RIGHT PUSSY!!, She should see how much MORE unsecured debt she can rack up before fleeing the country!
Thats what you wanted right? To be told everything will be fine?
As I'm feeling nice and magmanimous today I'll tell you what you WANT to hear! There will be NO PROBLEM AT ALL with reneging on the existing debt. In fact I reckon shes being a RIGHT PUSSY!!, She should see how much MORE unsecured debt she can rack up before fleeing the country!
Thats what you wanted right? To be told everything will be fine?
Oct 14th 2009, 3:27 pm
#34
Forum Regular
Joined: Nov 2003
Posts: 96
Re: British wife moving to US, has an unsecured loan
I'm also a little disturbed by the frequency with which this type of question is cropping up on here.
If one borrows money one has an obligation to pay it back. The OP asked what should be done and the obvious answer is to pay the money back. The fact that the question is even being asked sets off immediate alarm bells.
The OP says he's aware of the morals and ethics of the matter. In that case the course of action should be clear. If not, I'd rather not come across OP and his DW over here in the US thank you very much.
If one borrows money one has an obligation to pay it back. The OP asked what should be done and the obvious answer is to pay the money back. The fact that the question is even being asked sets off immediate alarm bells.
The OP says he's aware of the morals and ethics of the matter. In that case the course of action should be clear. If not, I'd rather not come across OP and his DW over here in the US thank you very much.
Oct 14th 2009, 3:29 pm
#35
BE Enthusiast
Joined: Oct 2008
Location: Louisiana
Posts: 615
Re: British wife moving to US, has an unsecured loan
I think he was possibly making a joke.
Oct 14th 2009, 3:38 pm
#36
Septicity
Joined: May 2004
Posts: 23,762
Re: British wife moving to US, has an unsecured loan
The moralists seem to have one-way morals on this board. I assume they believe the financial industry have unquestionable morals.
Oct 14th 2009, 3:46 pm
#37
Forum Regular
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Location: US
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Re: British wife moving to US, has an unsecured loan
Oct 14th 2009, 3:55 pm
#38
Lost in BE Cyberspace
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Oct 14th 2009, 4:01 pm
#39
Lost in BE Cyberspace
Joined: Jan 2006
Location: San Francisco
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Re: British wife moving to US, has an unsecured loan
Are you saying "may have the right" in the sense of "I don't know that they don't have the right and anything's possible in this world, so that right might exist" or are you saying "I know for a fact they have the right, it's just a question of if they realise and use it"?
Oct 14th 2009, 4:01 pm
#40
Joined: Mar 2009
Location: Google Town
Posts: 7,532
Re: British wife moving to US, has an unsecured loan
I agree.
Basically not paying it just because you are moving overseas is exactly the same as not paying it if the OP was living in the UK - UK credit will be shot, and so on. The only difference with living in the US is that it will make it harder for them to pursue.
I don't understand why we regularly get this question on here - some people always wanting something for nothing - it's why the worlds economy is in the mess it is today.
Basically not paying it just because you are moving overseas is exactly the same as not paying it if the OP was living in the UK - UK credit will be shot, and so on. The only difference with living in the US is that it will make it harder for them to pursue.
I don't understand why we regularly get this question on here - some people always wanting something for nothing - it's why the worlds economy is in the mess it is today.
.
Oct 14th 2009, 4:02 pm
#41
Septicity
Joined: May 2004
Posts: 23,762
Re: British wife moving to US, has an unsecured loan
No -- I think we should ignore the morals in this thread. I tried to but it was getting increasingly difficult. I've no idea whether the OP's wife borrowed the money to buy bling or food, or whether the financial institute gave her a good deal or caused the problem. And I don't intend to ask.
Oct 14th 2009, 4:57 pm
#42
Lost in BE Cyberspace
Joined: Feb 2009
Location: North Charleston,SC. born in Stockport,UK.
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Re: British wife moving to US, has an unsecured loan
No -- I think we should ignore the morals in this thread. I tried to but it was getting increasingly difficult. I've no idea whether the OP's wife borrowed the money to buy bling or food, or whether the financial institute gave her a good deal or caused the problem. And I don't intend to ask.
Just because someone leaves a Country, does not mean that their debt is(or should be) wiped off the board. I know that some people think it's ok to just blow it off and think that there is no way they can catch me, if they feel good/ok with that, fine.
I'm not getting why 'morals should be ignored'? isn't that why there are so many people in deep holes right now, because Morals have become something 'disposable'
Oct 14th 2009, 5:09 pm
#43
Septicity
Joined: May 2004
Posts: 23,762
Re: British wife moving to US, has an unsecured loan
I don't give a rats ass 'why' she loaned the money...the fact is 'she' did, i'm assuming that she's not totally illiterate and knew that she signed papers promising to pay back the loan, so it's not like it comes as a shock now.
Just because someone leaves a Country, does not mean that their debt is(or should be) wiped off the board. I know that some people think it's ok to just blow it off and think that there is no way they can catch me, if they feel good/ok with that, fine.
I'm not getting why 'morals should be ignored'? isn't that why there are so many people in deep holes right now, because Morals have become something 'disposable'
Just because someone leaves a Country, does not mean that their debt is(or should be) wiped off the board. I know that some people think it's ok to just blow it off and think that there is no way they can catch me, if they feel good/ok with that, fine.
I'm not getting why 'morals should be ignored'? isn't that why there are so many people in deep holes right now, because Morals have become something 'disposable'
I'm glad you can call it so easily............because I can't.
Oct 14th 2009, 5:12 pm
#44
Unmitigated Gall
Joined: Dec 2006
Location: it's still too dark to tell
Posts: 16,162
Re: British wife moving to US, has an unsecured loan
There is insufficient information on which to base any moral judgment. A wife who murders her abusive husband is a different kettle of fish from a terrorist who murders an innocent person. An Enron executive is different from a mother who borrows from a loan shark to feed her hungry child.
I'm glad you can call it so easily............because I can't.
I'm glad you can call it so easily............because I can't.
Oct 14th 2009, 5:14 pm
#45
Lost in BE Cyberspace
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Re: British wife moving to US, has an unsecured loan
That being said, I don't necessarily agree with what the OPs wife is contemplating. Even though the same thought has crossed my mind on more than one occassion. If you can pay it back, you should as that is really the 'right' thing to do.