British wife moving to US, has an unsecured loan
Oct 14th 2009, 10:01 pm
#61
Forum Regular
Joined: Apr 2008
Posts: 172
Re: British wife moving to US, has an unsecured loan
God, are you lot really 'whiter than white' ??
Besides, let the OP's other half decided what she wants to do.
Besides, let the OP's other half decided what she wants to do.
Oct 14th 2009, 10:07 pm
#62
Joined: Apr 2002
Posts: 35,082
Re: British wife moving to US, has an unsecured loan
Oct 14th 2009, 10:52 pm
#64
And YOU'RE paying for it!
Joined: May 2007
Location: kipper tie?
Posts: 2,328
Re: British wife moving to US, has an unsecured loan
Right - and if you don't keep up your end of the contract, there may be legal consequences. OP wants to explore what those legal consequences are. Once you know what the consequences are, it's up to you to decide whether you still want to keep up your end -----> "efficient breach".
Oct 14th 2009, 11:00 pm
#65
Forum Regular
Joined: Jul 2009
Posts: 232
Re: British wife moving to US, has an unsecured loan
Right - and if you don't keep up your end of the contract, there may be legal consequences. OP wants to explore what those legal consequences are. Once you know what the consequences are, it's up to you to decide whether you still want to keep up your end -----> "efficient breach".
Oct 15th 2009, 4:09 am
#66
And YOU'RE paying for it!
Joined: May 2007
Location: kipper tie?
Posts: 2,328
Re: British wife moving to US, has an unsecured loan
lol - I wouldn't go that far! How the bank covers its risk is up to them.
Oct 15th 2009, 7:23 am
#67
Account Closed
Joined: Jun 2008
Posts: 760
Re: British wife moving to US, has an unsecured loan
If she wants to be honest she should call them and tell them she is immigrating. They will then give her a settlement figure, which will be less than the balance. 6k depending on what rate they gave her, should amount to about 4k settlement. Job done! Otherwise just continue to pay the monthly payments from the states.
Oct 15th 2009, 7:28 am
#68
Account Closed
Joined: Jun 2008
Posts: 760
Re: British wife moving to US, has an unsecured loan
Also lazzza the bank CANNOT take, seize any of their assets his post has already said the loan is UNsecured.
Oct 15th 2009, 11:40 am
#69
And YOU'RE paying for it!
Joined: May 2007
Location: kipper tie?
Posts: 2,328
Re: British wife moving to US, has an unsecured loan
Eh? An unsecured loan just means there's no specific collateral. It doesn't mean if you don't pay the loan back -> they sue you -> they win -> and you don't pay ... that they can't seize goods (poss after another court order), surely?
Oct 15th 2009, 12:26 pm
#70
Lost in BE Cyberspace
Joined: Feb 2009
Location: North Charleston,SC. born in Stockport,UK.
Posts: 10,109
Oct 15th 2009, 3:58 pm
#71
Forum Regular
Joined: Jun 2009
Location: Los Angeles
Posts: 102
Re: British wife moving to US, has an unsecured loan
The bank hasn't yet been informed that she's leaving the UK. How would the bank track back to the states? Furthermore, the loan is in her maiden name and she's going with my sir name when here.
The loan is unsecured, so it is uncollateralized, and there is no car, house, etc, attached to it.
I do understand the moral and ethical implications. But I'm more interested in the legal ramifications.
The loan is unsecured, so it is uncollateralized, and there is no car, house, etc, attached to it.
I do understand the moral and ethical implications. But I'm more interested in the legal ramifications.
Oct 15th 2009, 4:05 pm
#72
Forum Regular
Joined: Jul 2009
Posts: 232
Re: British wife moving to US, has an unsecured loan
Oct 15th 2009, 4:06 pm
#73
Septicity
Joined: May 2004
Posts: 23,762
Re: British wife moving to US, has an unsecured loan
Is integrity the same as or different from morality?
Oct 15th 2009, 4:09 pm
#74
Lost in BE Cyberspace
Joined: Jan 2008
Posts: 41,518
Re: British wife moving to US, has an unsecured loan
To be honest, I just get fed up with some people getting stuff for nothing. If you're an honest person, the banks are ripping you off, and the defaulters are ripping you off.
Oct 15th 2009, 4:12 pm
#75
Septicity
Joined: May 2004
Posts: 23,762
Re: British wife moving to US, has an unsecured loan
I get pissed when the CEO of United Health Care is paid 70,000 bucks an hour. Save your ire for someone who deserves it.
