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Found 74 results

  1. Hi, new member here. My apologies if some of these questions have already been answered. Im filling out, day by day, our 309 Visa to return to Australia. My husband is an Australian Citizen by birth, I am British. I have some confusion as to who can fill out 888 forms. I thought it was only Australian permanent residents or Citizens. But I have been told that my family and friends in the UK can fill them out also. Is this correct? If it is not, what are the alternatives? And, I am in a bit of debt with my bank in Australia. This is due to the speed in which I had to leave the country as to not overstay. Do you have to pay your debt off completley or can you prove you are repaying it in manageable amounts in order to have your visa approved? Thank you in advance!!!
  2. Michael@Bfa

    Moving Overseas with UK Debt

    In the red! The financial strain from debts can affect your dream to start a new life Down Under, but there are some solutions to consider, writes Michael Penwill More and more people that move overseas are also taking their UK debts with them. In most cases this is not a deliberate attempt to avoid paying what they owe but as a result of the economic downturn, loss of income and reduced equity in relation to property values has made this type of situation more and more commonplace. In some cases this may only be a few hundred pounds on a credit card, but in other cases people may owe thousands of pounds in unsecured loans, credit cards and overdrafts. In addition to unsecured debts some people may be leaving a property in the UK with a mortgage and secured loan attached. This could be a vacant property that is up for sale or it may be rented out to cover the mortgage payments. In other instances, the property may be in negative equity and due to the uncertain housing market, a person can be left paying a mortgage on an empty property that just will not sell. Situations such as these can cause a fair amount of stress and coupled with the costs of moving overseas and setting yourself up in a new country this financial strain can affect your dream to start a new life overseas. Also, when debts are pursued, debt collection companies will target the last UK address or friends and family if they cannot locate the debtor, thus creating stress for friends and family back home. So, what are your options? There are various debt solutions available to people but choosing the best one can be confusing, especially if you have never experienced this situation before. The essential thing is to take specialist advice so you can explore and understand your choices. The best solution for you will depend on your individual circumstances, but here are some of the main options, with some explanation about how these may work for you. DEBT MANAGEMENT Debt management is an informal arrangement between you (the debtor) and the people that you owe money to (your creditors). This solution works best for smaller amounts of debt where the person owes up to a few thousand pounds. This type of agreement is normally set up and administered by a specialist company and you make one payment per month which is then split between your individual creditors. A small amount of your payment will be deducted by the company as a fee for this service. If, for example, you pay £100 a month this may reduce your debts by around £1,000 a year. The downside to this type of agreement is that a creditor is not forced to hold their interest and charges, and at any point, can decide not to continue accepting your payment. Take for instance, the case of one of my clients. Mr and Mrs R moved to Australia in 2016. When they left they had no debts at all but during the settling down process used their UK credit cards for some essential expenditure. Mrs R explains: “We live just north of Sydney and when we first arrived things were fine. However in the first year we ran short of money while my husband was looking for work and we had to fall back on using our UK credit cards to pay the occasional expense. We racked up just under £5,000 on four cards and just kept up with the minimum payments. We then fell into a worse state financially and could not make the payments on the credit cards as normal. “We missed payments for around six months but then the credit card companies instructed debt collectors who descended on our parents back in the UK as we had used their address for UK correspondence. “We took advice and after looking at our options we decided on setting up a debt management plan. We now make one payment every month which is split between our individual creditors. It will take a while to pay off the debt but it seems to be gradually reducing.” FULL SETTLEMENT In some cases you may be able to fully settle your debts for a lower amount than you owe. This is referred to as a full and final settlement and can work well in some cases. For example, if you have unsecured debts of £10,000 there is a chance that you may be able to settle these debts for a lesser amount. The final settlement amount would depend on many factors; however in some cases 50 per cent of the amount owed may be enough to clear the debt for good. This can be a complex process and needs to be handled by a specialist company on your behalf. One client, Mrs G, moved to Perth in 20014 to work as a teacher. Mrs G explains: “When I moved abroad, I owed just over £8,000 to two different credit card companies. I had incurred this debt over the last five years of living in London. It was a combination of tempting offers from credit card companies, the occasional holiday and essential but unforeseen expenditure meant I took this debt with me. “My intention was to gradually repay this from Australia but a slightly lower wage and different living expenses meant I could happily live but did not really have enough to pay off the debts. I did not pay the credit card companies and sort of ignored the situation until suddenly I was contacted by a local debt collector who had been instructed by a UK debt recovery company. “I do not know how they obtained my address but the shock of having this occur in Australia forced me to take action. I took advice and also spoke to my parents and confessed all. After looking at the options available to me and talking to my parents we decided to try to settle the debts in full. My parents offered to help me financially and we instructed a company to act on our behalf. After a few months of negotiations my £8,000 of debt was settled for just under £5,000 with no affect on my credit in Australia.” IVA PAYMENTS An IVA (Individual Voluntary Arrangement) is a formal agreement with your creditors to pay back a certain amount of your debt over a five or six year period. Normally, the amount repaid will range from 25 per cent to 50 per cent of the original debt but the final agreement varies between arrangements. The good point about this option is that it is a legal agreement between you and your creditors. The payments will be set at a reasonable figure and as long as you continue to make the agreed payments the creditors will leave you alone. Once you reach the end of the agreement the debt is fully settled. The agreement can have some downsides though. If you fail (default) on these payments before the end of the agreed term you can find yourself back at square one and could still owe the full amount of debt that you started with. Take the case of Mr and Mrs H, who moved to Sydney in 2014, leaving a house for sale in the UK. Here is their account: “When we moved, we had a nice house in Cheshire that was up for sale. We had to move as our visas came through but we had a buyer for the property and all looked good. The problem occurred after the sale fell through and after another five months on the market we accepted a much lower amount then we had hoped for. “We had some debts in the form of two overdrafts, some credit cards and an unsecured loan and now did not have enough from the house sale to settle these in the way that we had anticipated. “All in all we owed just over £41,000. We took advice and after looking into the options, decided on an IVA rather than bankruptcy. I think it was a combination of not wanting to go bankrupt and also feeling that we should pay off the debts. “We are now in a five-year IVA agreement and have one payment of £400 per month. We can manage this with our joint incomes and are happy with the decision we have made.” BANKRUPTCY Bankruptcy is one of the last options available to you, and something you may be keen to avoid, but in the case of Mr and Mrs B, who moved to Brisbane at the start of 2014, it proved to be the best solution. They moved to Brisbane leaving an empty house in the UK and unsecured debts of £50,000. They had payments of over £2,000 per month back in the UK plus their new living expenses in Brisbane to pay for. Here is their account: “We left the UK for Australia due to our visas being approved, and if we didn’t leave we would have lost our chance to go. “The problem we faced was that our jointly owned property had been up for sale for some time with no buyers showing interest. This issue was compounded by the fact that the house had dropped in value and we had a secured loan attached, in addition to the mortgage. “If the house had held its value and been sold we would have been able to pay off all of our debts from the proceeds. We were in negative equity with no buyer and a large mortgage and loan repayment to cover. In addition to this, we both had unsecured debts of around £25,000 on credit cards and loans, debts which had accumulated over a period of many years when we were both in and out of work. “After looking at our options we decided on bankruptcy and this was handled on our behalf by a specialist company. The property was handed back to the mortgage company and both the shortfall in value and also our unsecured debts were included in the bankruptcy. We were discharged after seven months and are now debt free, concentrating on building our new life in Brisbane.” These solutions will have an impact on your credit rating in the UK. Your overseas credit rating is not normally affected by a UK debt solution but always take up-to-date specialist advice about your situation. Michael Penwill www.bankruptcyfromabroad.co.uk
  3. zmxncb

    victim of marriage fraud.

    My aunty married an Indian man 3 years ago. A few days ago, he finally got his PR in Australia. as soon as he got it, he left her, revealing to her that he never really loved her, was using her the whole time and fooled her and my whole family. We are the ones who supported him, wrote stat decs for him and even spoke for him in court to support him in obtaining his permanent residency, now we know the truth. We want to report him to immigration, but the problem is he and my aunt are over $100,000 in debt and if he gets sent back to India then she can't pay It on her own. what can we do In this situation?
  4. Rugby77

    Unpaid Credit Card In Oz

    Hi, I recently maxed out my credit card to buy a car online. since then, the car has a major fault and have lost my job. I am here on a 417 WHV and want to fly back to the uk . I cannot afford to pay the credit card , and before you awnser this thread, i do not make it wright at all. But i am very short of options. The card is for 4K AUS. Please can someone tell me would it affect my credit rating in the uk and would they try to catch me in the uk? Thanks Rugs:no:
  5. Hello everyone! I am having a bit of a problem with my UK based credit card - I have fallen into the usual trap of intending to pay it all off before the special 0% rate ended - and failed. I am on a residence visa but have only been here since January. I have a good credit rating in the UK - don't know if that makes any difference here? I am not eligible for another UK based credit card b ecause I don't live there but also it seems I can't transfer a UK balance to an Australian credit card. I am supporting 2 people on my modest salary so I can't afford to pay it off quickly and I owe about 3000 pounds. In the mean time the interest rate on my debt is now 27% and within a few months we will have to go home because it will be so extortionate we wont' be able to afford to live. Help! Any suggestions? Rachel
  6. Hi We are moving to Perth next year on a state sponsored 176 visa. We will be selling up everything in the UK – which won’t be a great deal, but we’re hard workers and preparing to start again with the aim of providing a better quality of life for the whole family... However, we have a stumbling block that needs sorting because the worry is starting to take its toll: 6 years ago we bought a very small village house in Spain, purely as a pension for us. For the last 3 years we haven’t been able to let it (there are hundreds of empty houses and apartments in this area now after a huge building spree) and after 3 bad tenants we decided to put it up for sale. Unfortunately, the recession has hit tremendously and there is no work there. Houses are being sold for half their value maximum. The exchange rate has crippled us as we are making monthly mortgage payments. We can’t sell it despite it being on with 10 agents. The last year we have negotiated an interest free period which we have had to pay for by taking an extra evening job. The bank is not helpful and there are thousands of people like us in the same boat. Now we are at the end of the road. After going back and forth we cannot feasibly take this mortgage to Australia. If we hand back the house, we will still owe about half the mortgage due to the huge slump in property. Even when we sell up in the UK, we wouldn’t have spare money to put towards it. We’re trying to do everything the ‘right’ way, but we don’t know how things will pan out. What we really need to know is how this could affect us in WA. We have read that mortgage and finance companies don’t/can’t look at foreign debt and that credit is built up from scratch? But, what really concerns us is that because we are on the 176 visa we will have all our details available for the first 2 years. Would a default be traced? Or even something put on our passports if we travelled back to the EU that might show? And, how about in 4 years when we apply for citizenship? It’s all ‘what ifs’, but the whole thing is just a hugely bad experience. We don’t want to blow the best chance we have of changing our lives by this. Any advice, information or relevant stories would be really useful. Many thanks in advance.
  7. Dear, I had commonwealth DEBT which i wasn't aware of. and case officer sent me following e-mail. Dear Mr XXX Our records indicate you have an outstanding debt of $4,500 to the Commonwealth for Litigation. Public interest criterion 4004 of Schedule 4 of the Regulations must be met in order for a visa to be granted. PIC 4004 The applicant does not have outstanding debts to the Commonwealth unless the Minister is satisfied that appropriate arrangements have been made for payment. The debt can be repaid in full at Overseas POST counters. Please provide the receipt details via email (preferably with a screen shot) for updating of DIAC Onshore systems. .......................... I have already made arrangement to pay the DEBT in full. my question is, is my VISA going to be refused on this ground even after i pay the debt? please advice...any comments would be very helpful. I have applied on January 2009..all my documents are showing MET in the system.
  8. The Pom Queen

    Credit Card Debt

    With the way things are more and more people are using credit cards for day to day living, I just wondered what the maximum debt you have ever had on a credit card is, please don't worry the poll is private.
  9. lizzy27

    Debt to the commonwealth

    What is classed as a debt to the commonwealth? Just curious?On the visa app it says no debt to the commonwealth, so if you have a small credit card will your visa get refused?
  10. Guest

    Debt owed to commonwealth aus

    Just wanted to know. I have just applied for a visa and am aware of the importance to clear all debts owed to the commonwealth Aus. How can you check if you owe anything. I met with an accident before my travel offshore and i know I have a hospital bill to pay which was suppoed to be taken care of by my insurance company and hasn't. I also have a ortho bill with a clinic. How do I locate what I owe If i dont have the bills or name of the place.. WIll this affect my visa application.
  11. Hiya I have been reading a thread about repaying UK debts before leaving for Australia. I tried to get through every page of the thread but got bogged down in all of the comments about the banking collapse ... moral responsibilty to pay off debts etc! :confused: What I would like to know is this: If I enter into a DMP with my CC and Loan companies in order to try and repay my debts quickly (and stop the interest building), will this affect my visa application? I have no intention of running away from my debts but also do not want to be stuck in the UK for many years to come whilst I am paying them off without entering a DMP. Any advice would be very much appreciated xx
  12. AaronS

    Debt free!

    I'm just realizing that not only will we be landing with a good amount of cash to get us started, we are going to be completely debt free! Zero owed to anyone, anywhere! That in itself is a very liberating feeling! A complete fresh start in Oz for us! I can't wait to get there!
  13. Petals

    US Debt Crisis

    Am I the only one who is a little bit concerned about what is happening in the U S of A. They do not seem to be able to understand that they cannot repay their debts and taxation being the dirty word it is in America republicans will not agree to lift taxes. I mean if they put a couple of cents on petrol they could halve their debt but no they have to continue printing money. I just hope they get it sorted they caused the depression in the thirties let us hope it is not going to happen again because people get on their high horse and will not see reason.
  14. Hi All, I don't have alot of money to transfer over, but I am flying on the 3rd of August. The 2nd of August is the deadline for the US Debt decision and I'm wondering if I am better off buying AUD before the 2nd or after? I will have the money in my account this week so could theoretically buy on Wednesday. In other words, will the US Debt nonsense affect AUD or GBP more? Thanks.
  15. In the event that the US defaults on its debt on 2nd August, US may consume less chinese goods, chinese may import less from oz etc.... Anyone know anything about this? I'm concerned on how it will affect the resources industry in australia It would be great to hear your view
  16. Hi All, Does anyone know if your debt in the UK is shown on your credit rating or any other way when you apply for a mortgage in Australia? We were planning on taking a loan for a car prior to leaving and paying it somehow from Oz..(Haven't looked into how straightforward that is yet!) Thanks
  17. 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
  18. I was just reading through the form that the sponsor has to fill out, specifically the part about debts to the Australian government or public authority. My partner (who is sponsoring me) owes money to his TAFE from last year which he is paying back in installments. Do we need to put the details down for this? Help is much appreciated. Thank you PIO'ers!
  19. popnjeb

    HECS Debt

    Hi Everyone, another question.... Does HECS debt (from uni study in 1998 and 2000/1) count as " outstanding debts to the Australian Government or any public authority in Australia?" - which is question 43 on the 40SP form Would appreciate any thoughts Cheers x
  20. There has been many opinions on this subject probably from Bankers or people who are just self centred on other peoples lives, but Britian has really fallen on hard times and those of us who are really struggling it is real hard to make certain judgements on others, i presume that we are all good tax payers in this country and they have truely turned their backs on each and everyone of us...............
  21. Guest


    Yeah i know this question has been asked a Million Times Before but does UK DEBT REALLY Follow you to OZ, All honest answers would be appriciated :arghh:
  22. Me and my husband are about to start the visa process to emigrate to western australia. We'll clear most of our debt before a visa is granted but we'll still have an unsecured loan of about £30k by the time we go. My question is, will this be detrimental to our visa app? Thanks
  23. Guest

    Emigrating with UK debt

    Afternoon all, I've always wanted to live and work in Australia, even if it ends up only being temporary. Now that i have finally gained the qualification in my field that should allow my wife and I to emigrate we are starting to do some serios research prior to officially applying for a visa and all that. My first (and my wife would say every) worry is about money and more specifically going to Australia whilst still having UK debt, be it a loan or credit cards. Has anyone had experience of going to Oz with UK debt and how did you deal with it? I can imagine there is extra costs/worries re overseas payments and possible movements on exchange, but as well as this were the credit companies okay with it all? Cheers
  24. Guest

    My sponsor's debt

    Hi there. I have applied for a temporary de facto partner visa with my girlfriend. She is also my sponsor. She has a considerable amount of credit card debt back in Australia, but no traceable government debt. Would this have a major impact on our application? If so, would it be worth trying to sort out this debt before the 5-6month waiting period is up? Thanks Andrew
  25. Hi there, Hope someone could offer some guidance / advice to this matter. I am heading to the UK after 9yrs here, but have racked up a bit of debt since living in Aus. I am sending a letter to my creditors requesting for some breathing space whilst I move back and resettle and find work, but I was wondering if anyone had any experience of this or what the uptake or response could likely be. I have no intention of avoiding paying my debt, as my ex was in the industry and I know that Aus companies can utilise an agency in the UK to chase this, but curious if anyone has any further knowledge, facts or documentation to 'persuade' the creditors to freeze debt for a limited period of time or to negotiate a repayment structure.. Or, as one person suggested to me, an option could be to file for bankruptcy, naturally this causes an issue if I returned to Aus, but would there be any impact in the UK with this method? Strange question I know, but I want to make sure I cover all bases before making decisions..