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-   -   Credit card bills back in UK? What (https://britishexpats.com/forum/usa-57/credit-card-bills-back-uk-what-726815/)

Doug2011 Jul 30th 2011 1:03 am

Credit card bills back in UK? What
 
I have a few grand in credit card bills, plus some 10s of thousands in Student Loans, back in UK, that I plan to pay off. So each 11 hour day I work, I am safe in the knowledge that money will be going to various companies in England.

But I can't help but wonder, how would they ever know if someone moved to another country and didn't pay off their credit cards? What would happen to them? CCJs? What happens?

If this question fascinates you like it does me, please comment!

SagenOnion Jul 30th 2011 1:32 am

Re: Credit card bills back in UK? What
 
I am sure that there must be some wankers on here that have run off without paying their dues, but I doubt they would have the balls to admit their failings on this forum for all to see.

You're not a wanker are you?

Mummy in the foothills Jul 30th 2011 1:58 am

Re: Credit card bills back in UK? What
 

Originally Posted by SagenOnion (Post 9527263)
I am sure that there must be some wankers on here that have run off without paying their dues, but I doubt they would have the balls to admit their failings on this forum for all to see.

You're not a wanker are you?

Don't be that wanker. Find a way to pay internationally :thumbup:

ljaw2002uk Jul 30th 2011 2:03 am

Re: Credit card bills back in UK? What
 

Originally Posted by Doug2011 (Post 9527222)
I have a few grand in credit card bills, plus some 10s of thousands in Student Loans, back in UK, that I plan to pay off. So each 11 hour day I work, I am safe in the knowledge that money will be going to various companies in England.

But I can't help but wonder, how would they ever know if someone moved to another country and didn't pay off their credit cards? What would happen to them? CCJs? What happens?

If this question fascinates you like it does me, please comment!

There is no way to connect your credit history in the UK to your life in the US. That being said, it is extremely inadvisable to default on any credit arrangements - you really have no idea what the future holds, and how hard it could make your life if you needed to return to the UK. Just keep making those payments!

tamms_1965 Jul 30th 2011 3:07 am

Re: Credit card bills back in UK? What
 

Originally Posted by ljaw2002uk (Post 9527290)
There is no way to connect your credit history in the UK to your life in the US. That being said, it is extremely inadvisable to default on any credit arrangements - you really have no idea what the future holds, and how hard it could make your life if you needed to return to the UK. Just keep making those payments!

What he said.

dbj1000 Jul 30th 2011 10:16 pm

Re: Credit card bills back in UK? What
 
I can think of at least two regulars on these boards in the past who were exactly that kind of "wanker" and proudly advised others on how to run out on their UK debts just like they had.

I think one of them, replete with his holier-than-thou wanksterism, still posts here occasionally.

tonrob Jul 30th 2011 11:10 pm

Re: Credit card bills back in UK? What
 
I'm a wanker, but unfortunately I didn't leave the UK with any debts whatsoever so consequently have nothing constructive to add to this thread.

Rose tea Jul 31st 2011 1:16 am

Re: Credit card bills back in UK? What
 
Same thing that would happen if you somehow went off the grid in the UK and hid somewhere. You could possibly get away with it for years, but eventually someone would find you, and you would pay the price in more ways than one.

I am paying off student loans and credit cards from here in the US. It's not that hard.

docholywood Jul 31st 2011 9:16 pm

Re: Credit card bills back in UK? What
 
Can you please advise how you arrange payment of student loan internationally? Do you just agree a cushy non income based figure and that's it or is it still income linked? If mine was they'd want way too much per month!

Rose tea Jul 31st 2011 9:36 pm

Re: Credit card bills back in UK? What
 

Originally Posted by docholywood (Post 9529816)
Can you please advise how you arrange payment of student loan internationally? Do you just agree a cushy non income based figure and that's it or is it still income linked? If mine was they'd want way too much per month!

It's income linked. I think it's 15% of whatever's above their defined salary threshold for each country. You have to show proof of income, and it's based on gross income, not net. You will be paying back more per month than your UK friends do, probably. Also, for added fun, you get to pay in dollars - so that makes it seem like even more.

Once you are earning non-bursary or scholarship money in a foreign country, you are obligated to get in touch with them and set up an arrangement for payment. If you don't, they are able to charge you all sorts of fees - not sure how often they do though.

Poppy girl Aug 1st 2011 2:10 am

Re: Credit card bills back in UK? What
 
http://forums.moneysavingexpert.com/

Some of you might like this site ;)

HarryTheSpider Aug 1st 2011 2:18 am

Re: Credit card bills back in UK? What
 
We have a loan and a UK credit card still outstanding in the UK.

We've maintained our UK bank accounts in the UK too, and now use Xoom to send money back to the UK each month to take care of our obligations. It costs $4.99 to send any amount up to $2499 I believe, and the exchange rate is acceptable. It takes about 25 mins from the time I press 'Go' at my end to the time it appears in my UK account.

We did write to the loan company in the UK to figure out how to pay them - they weren't at all helpful, and during this time we missed a repayment. We got a letter from them saying we'd better get back on track or they would instruct agents in the US to recover outstanding amounts here in the US.

So I imagine 'running away' won't solve the problem in the end. We only have 1 payment left with that particular loan company, thank God, because they have been particularly inept...

The credit card company on the other hand have been very understanding and helpful.

Now, if only HMRC and the IRS could be the same - we're owed nearly $6K between them!!

As for those who run away from their debt - definite wankers, because the net effect is to raise the cost of credit on everybody else.

Wankers.

OK, off soap box now!

HTS

SpoogleDrummer Aug 1st 2011 5:09 am

Re: Credit card bills back in UK? What
 
I prefer to keep my UK credit score intact just in case my kids ever decided they'd prefer to live there. Plus I sometimes need to use my UK cards to buy stuff online for delivery to people in the UK, without them I'd have to pay a fortune in shipping.

Not really sure how they track people down, I guess it depends on how much money it is as to how much effort they put in to it.

tamms_1965 Aug 1st 2011 10:51 am

Re: Credit card bills back in UK? What
 

Originally Posted by SpoogleDrummer (Post 9530198)
I prefer to keep my UK credit score intact just in case my kids ever decided they'd prefer to live there. Plus I sometimes need to use my UK cards to buy stuff online for delivery to people in the UK, without them I'd have to pay a fortune in shipping.

Not really sure how they track people down, I guess it depends on how much money it is as to how much effort they put in to it.

We do the same thing. Plus it's nice to have when visiting for car rental, lodging, etc instead of using a US card.

Cape Blue Aug 1st 2011 12:47 pm

Re: Credit card bills back in UK? What
 

Originally Posted by SagenOnion (Post 9527263)
I am sure that there must be some wankers on here that have run off without paying their dues, but I doubt they would have the balls to admit their failings on this forum for all to see.

You're not a wanker are you?

It's a badge of honor in the Barbie.


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