Guest andylane Posted April 29, 2007 Just wondering can you take a debt with you and pay it off over there in oz? We want to keep our money for the House down payment when we get there and not have to put down the minimum if you know what i mean. i want a good start for us and not be left with the minimum. cheers Share this post Link to post Share on other sites
Guest EM&M Posted April 29, 2007 Hi Andy, We are also in the same boat. We are going to leave enough money i our UK bank account to cover the loan for 2 years. We will give my mams address as a contacvt address. Then hopefully after that we may beable to ask for a settlement figure or continue paying it until its cleared. Dont know if that helps Em x Share this post Link to post Share on other sites
Guest Pasty Posted April 29, 2007 Thing is, if you don't pay, they will chase you if it's a big amount! Or worse case, if you decided Oz is not for you, they will get you when you return to the UK. Best thing is to pay it. You'll still get good exchange on the $ from the UK (this is just my opinion). Start your new life off on the right foot. Jackie Share this post Link to post Share on other sites
Guest jennywright Posted May 1, 2007 Great minds think alike chelle :laugh: !!!!!!!!!!!!!:wink: :wink: Share this post Link to post Share on other sites
Guest Scarletfever Posted May 1, 2007 Bloody hell chelle!!! you sound like a bandito!!:shocked: My mate did that before he left for the states 10years ago. He bought loads of white goods on the drip and sold them all privately. He pocketed a load of wedge, the robbin' git. Anyone got a Curry's card???? Share this post Link to post Share on other sites
Guest andylane Posted May 3, 2007 Thing is, if you don't pay, they will chase you if it's a big amount! Or worse case, if you decided Oz is not for you, they will get you when you return to the UK. Best thing is to pay it. You'll still get good exchange on the $ from the UK (this is just my opinion). Start your new life off on the right foot. Jackie Hee Hee Hee ive noticed all the unsavory posts on doing a runner and such came from the guys actually in the UK and the only fartherly advice sort of thing came from a person already in oz ha ha ( whats happening to us brits ) LMAO Off to the CAB Share this post Link to post Share on other sites
Guest chesters01 Posted April 30, 2011 could i transfer my loan to an australlian bank or could i continue to pay my loan in oz making payments to the uk bank. could this have any effect on my visa. any feedback would be great Share this post Link to post Share on other sites
Guest chris955 Posted April 30, 2011 As long as loan payments are being made the bank wouldn't know or care what country you are in. If you are not defaulting on the loan there is no real issue I can see, make sure the bank has a UK address where they are able to contact you. As I say make the payments and there will be no problems. I very much doubt you could transfer the loan to a bank here, it might be worth taking out a loan here when you are able to and pay it off, it would make it easier for you. Share this post Link to post Share on other sites
Guest chesters01 Posted May 1, 2011 As long as loan payments are being made the bank wouldn't know or care what country you are in. If you are not defaulting on the loan there is no real issue I can see, make sure the bank has a UK address where they are able to contact you. As I say make the payments and there will be no problems.I very much doubt you could transfer the loan to a bank here, it might be worth taking out a loan here when you are able to and pay it off, it would make it easier for you. ok thanks very much for your advise, very helpful. Share this post Link to post Share on other sites
rebrol 133 Posted May 3, 2011 Hi You probably won't be able to transfer it to a loan over here as they have pretty strict lending criteria and like to see evidence of employment before loaning. But as everyone else has said you can leave money in the UK account and most companies are happy to note an Oz address as well as a UK contact. Just a word of warning about mortgages and obviously depends on your situation but you will probably find it difficult to get a mortgage in the first year. We have been here 6 months and have just put the feelers out and pretty much been told we need to wait another 6 months. Obviously depends on your situation, but they don't take any of your UK history into account - so the fact we had a mortgage in the UK for 6 years with no defaults doesn't matter over here. Again only my experience. Good Luck! Becky Dyslexia NSW www.dyslexia-nsw.com.au Share this post Link to post Share on other sites
Guest abinclane Posted June 3, 2011 My sister is in the same situation as you. She is already near the full payment of her house, probably 2 or 3 years and she's got it all covered. But she and her fiance will be moving to the states so she doesn't know what to do. She'd probably still be paying for the house until that time and sell it after. Share this post Link to post Share on other sites
