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debts
has anyone moved over to the US and still owed debts in the UK. If so what has been the result or the concequences encounterd??
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Guess it depends what you mean by debts....I've still got a mortgage in the UK. I told the building society I was leaving, got permission to rent, and still service the mortgage properly, so no complaints from them. Or do you mean debts you want to walk away from? There have been a few threads on that subject over the last few months - try a search and see what comes up...
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Re: debts
Originally posted by paul6831h has anyone moved over to the US and still owed debts in the UK. If so what has been the result or the concequences encounterd?? Try these threads: http://britishexpats.com/forum/showt...highlight=debt and http://britishexpats.com/forum/showt...highlight=debt and http://britishexpats.com/forum/showt...hreadid=196490 - put on your crash helmet for the last one! |
Debts
Thanks for the your thoughts everyone. I have recently been divorced and had to take on aloan to clear the debts which were incurred during the marriage. My Ex wife had never worked ( she was lucky)so the bdebts which were incurred were all in my name so I was liable for them after the divorce. This amounts including interest to about £50,000. I have now met someone in the US and we are currently going through the K1 process. I just wondered what the consequences would be if I did not pay any of this off, ( I know that it is morally wrong) but there is just no way that I can clear this if I were to be issued a K1. Would this have any affect on my Visa application or on any future possibility of obtaining work in the US?. I do not envisage getting a Job straight away. Would I be pursued by the US Authorities for this?
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Paul we all know what the moral thing to do is.
Chances are you'll do a runner though. I have pm'ed you about the consequences. |
Been in the US for just over a year and now on H4 Dependant visa so not working, being a house hubby/ daddy daycare!
Sometime last year, when I was up to the limit on my Barclaycard, I went slightly over due to purchasing something here and the exchange rate! My minimum payment D/D from the bank was stopped and the interest started building. I contacted Barclaycard via email and explained that I was not working and would try and sort this out. They couldn't discuss my situation via the net, but I basically told them the story and that was that! My father has since been subject to a couple of phonecalls and was accused of lying when he said I was in America. I called the collection company and I admit I was angry as my father is elderly and this upset him somewhat. A heated conversation followed and I found out I owe 908.00 GBP! I did receive a letter to this effect also. I was told I had broken the law by not leaving a forwarding address, that a trace would be put on my whereabouts etc etc and asked to provide a breakdown of expenditure, which I emailed to them. I gave my address and contact numbers as they still insinuated that I was lying and believed that I was in the UK. I have offered to pay this back quite rapidly as I expect to be working very soon...my question is...what happens now? What can I do? What can they do? Thanks in advance. Diggers |
They have broken Office of Fair Trading guidelines by discussing your debt with your father and it's worth mentioning a complaint about themto the OFT and to the Trading Standards department in your father's town. They are also probably in breach of the Data Protection Act.
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Originally posted by dignity Been in the US for just over a year and now on H4 Dependant visa so not working, being a house hubby/ daddy daycare! Sometime last year, when I was up to the limit on my Barclaycard, I went slightly over due to purchasing something here and the exchange rate! My minimum payment D/D from the bank was stopped and the interest started building. I contacted Barclaycard via email and explained that I was not working and would try and sort this out. They couldn't discuss my situation via the net, but I basically told them the story and that was that! My father has since been subject to a couple of phonecalls and was accused of lying when he said I was in America. I called the collection company and I admit I was angry as my father is elderly and this upset him somewhat. A heated conversation followed and I found out I owe 908.00 GBP! I did receive a letter to this effect also. I was told I had broken the law by not leaving a forwarding address, that a trace would be put on my whereabouts etc etc and asked to provide a breakdown of expenditure, which I emailed to them. I gave my address and contact numbers as they still insinuated that I was lying and believed that I was in the UK. I have offered to pay this back quite rapidly as I expect to be working very soon...my question is...what happens now? What can I do? What can they do? Thanks in advance. Diggers Threatening your dad is a breach of the rules so complain to the OFT. Also John McFaul MP is the chairman of the House of Commons commitee currently looking into credit cards and the issues of debts, overcharging, bad practices etc. Detail your complaints and send it to him at the House of Commons. I knew him when he was a junior minister in Northern ireland and he is really decent guy so well worth a letter. regards, Duncan |
They didn't actually threaten my father or discuss anything with him. They just told him that they didn't believe him!!
Thanks for your answers both of which I have taken on board!:cool: |
Originally posted by dignity They didn't actually threaten my father or discuss anything with him. They just told him that they didn't believe him!! Thanks for your answers both of which I have taken on board!:cool: Your situation being in the UK, I don't know how much of what he says about the legal aspects of harrassing phone calls, etc., applies to the UK, but you might get some reassurance about what he says creditors/debt collection agencies can and can't do. |
I am sure that Barclaycard considered that you were a bigger wanker for not paying them the money back that you owed them Duncan.
I feel that too many people today fail to take responsibility for their financial actions and instead of paying back what they owe cry insolvency or the like. Whilst I appreciate a risk is needed in business and life, I feel it irresponsible for gambles to be taken for which you cannot afford the loss. What would happen to the economy of the UK and American if such casual reactions to debt were taken by everyone? Complete litigation madness and commercial mealtdown. Do the right thing man and pay back what you owe! |
Originally posted by UKBIGFISH I am sure that Barclaycard considered that you were a bigger wanker for not paying them the money back that you owed them Duncan. I feel that too many people today fail to take responsibility for their financial actions and instead of paying back what they owe cry insolvency or the like. Whilst I appreciate a risk is needed in business and life, I feel it irresponsible for gambles to be taken for which you cannot afford the loss. What would happen to the economy of the UK and American if such casual reactions to debt were taken by everyone? Complete litigation madness and commercial mealtdown. Do the right thing man and pay back what you owe! Go **** yourself you judgemental twat. What the **** right have you to make a judgement like that with no idea of how i found myself in that situation. i had no choice and couldnt pay it all back inside the next 20 years so i did the best and the totally legal thing and dealt with it through the legal mechanisms provided. It was no easy choice i lost everything i owned including my house but i get it all cleared and start again. but obviously your lifes been a cake walk then and you have always met your debts. then again maybe you were born with a silver spoon in your ass so its always been easy. prick.:mad: |
Originally posted by Duncs Go **** yourself you judgemental twat. What the **** right have you to make a judgement like that with no idea of how i found myself in that situation. i had no choice and couldnt pay it all back inside the next 20 years so i did the best and the totally legal thing and dealt with it through the legal mechanisms provided. It was no easy choice i lost everything i owned including my house but i get it all cleared and start again. but obviously your lifes been a cake walk then and you have always met your debts. then again maybe you were born with a silver spoon in your ass so its always been easy. prick.:mad: :rolleyes: |
Re: debts
No offense was meant by my posting. I have had some quite serious business cash flow problems over the years as a result of debtors inadvertently taking a gamble with my money in attempt to further themselves. Being later unable to pay debts and then claiming bankrupcy etc etc.
I appreicate that not all people find themselves in financial problems as a result of their own actions and I sympathise with anyone who finds themselves in the situation that you were in. I can tell you that I know only too well what it is like to have nothing and life has certainly been no "cake walk" for me! It seems as if you have taken my mere generalized opinion on the matter, converted it as a judgement and placed it on yourself. p.s.I am sure that they are able to medicate Tourette's these days. |
Re: debts
Originally posted by UKBIGFISH No offense was meant by my posting. I have had some quite serious business cash flow problems over the years as a result of debtors inadvertently taking a gamble with my money in attempt to further themselves. Being later unable to pay debts and then claiming bankrupcy etc etc. I appreicate that not all people find themselves in financial problems as a result of their own actions and I sympathise with anyone who finds themselves in the situation that you were in. I can tell you that I know only too well what it is like to have nothing and life has certainly been no "cake walk" for me! It seems as if you have taken my mere generalized opinion on the matter, converted it as a judgement and placed it on yourself. p.s.I am sure that they are able to medicate Tourette's these days. more reflection less judgement, as Will (from Will & Grace) says on ABC 'unless your wearing a gown and banging a gavel you shouldnt be judging anyone!!!' regards, Duncan |
Re: debts
Originally posted by Duncs more reflection less judgement, as Will (from Will & Grace) says on ABC 'unless your wearing a gown and banging a gavel you shouldnt be judging anyone!!!' regards, Duncan |
Re: debts
Just my thoughts here. I've got a fair amount of debt that I feel morally obliged to pay back because after all I chose to use the credit to start with it. However I've found my position weakening a little on this because in all probability I've already comfortably paid back what I actually have burrowed it's just the interest that prolongs everything. So sometimes I find myself looking for a way out without paying anymore but somehow I keep on paying.
Stephen |
Re: debts
I used to work for a computer retailer in Australia.
We used to offer HP finance on all our computers, and consequently the salesperson (me) was put in charge of putting through the finance application on a computer. Where I lived in Australia on the Gold Coast in Queensland we used to get a lot of British Expats and Americans. Anyway some had been living in Australia for a couple of years and had fled there debts in the U.S. and UK. When I put them through on our finance computer which was linked to GE Capital finance they got declined. When we called up to find out the reason GE listed "Outstanding balance to be paid". It turns out that a lot of credit company’s the world over share customer information, good and bad. They are not stupid so moving country doesn't make them forget what you owe. You can always declare bankruptcy in the country where you owe money. But the result at least in Australia is that you cannot get any credit (HP,Mortgage,Credit Cards) for 7 years at which time you can apply to have your name removed from there black list. I read somewhere recently that in America declaring bankruptcy and defaulting on your debts doesn't mean you don't have to pay them after the bankruptcy period. Apparently you will carry the debts with you for life until they are paid; I think Bush put the bill through after pressure from the various credit agencies! Anyway just thought I’d share this with you all as I thought it was relevant. James |
Re: debts
Originally posted by mcjimbo I used to work for a computer retailer in Australia. We used to offer HP finance on all our computers, and consequently the salesperson (me) was put in charge of putting through the finance application on a computer. Where I lived in Australia on the Gold Coast in Queensland we used to get a lot of British Expats and Americans. Anyway some had been living in Australia for a couple of years and had fled there debts in the U.S. and UK. When I put them through on our finance computer which was linked to GE Capital finance they got declined. When we called up to find out the reason GE listed "Outstanding balance to be paid". It turns out that a lot of credit company’s the world over share customer information, good and bad. They are not stupid so moving country doesn't make them forget what you owe. You can always declare bankruptcy in the country where you owe money. But the result at least in Australia is that you cannot get any credit (HP,Mortgage,Credit Cards) for 7 years at which time you can apply to have your name removed from there black list. I read somewhere recently that in America declaring bankruptcy and defaulting on your debts doesn't mean you don't have to pay them after the bankruptcy period. Apparently you will carry the debts with you for life until they are paid; I think Bush put the bill through after pressure from the various credit agencies! Anyway just thought I’d share this with you all as I thought it was relevant. James still i have yet to ask for any credit so i will see how true this is soon enough. regards, Duncan |
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