seanm87 Posted July 7, 2015 Share Posted July 7, 2015 I have recently come out of work and defaulted on my credit card. Can debts effect my PR? Quote Link to comment Share on other sites More sharing options...
boganbear Posted July 7, 2015 Share Posted July 7, 2015 Simply, No! Quote Link to comment Share on other sites More sharing options...
Guest The Pom Queen Posted July 7, 2015 Share Posted July 7, 2015 Only if it was fraud, ie you took out a card with no intention to pay it back Quote Link to comment Share on other sites More sharing options...
flybyknight Posted July 7, 2015 Share Posted July 7, 2015 I am not suggesting what you should do, but I urge you to read this article. It highlights a few common misconceptions about how the debt/collection agency etc work. http://www.theguardian.com/commentisfree/2011/nov/15/debt-agencies-economy A bit of an eye opener for many. Quote Link to comment Share on other sites More sharing options...
SGHJLL Posted July 8, 2015 Share Posted July 8, 2015 Get in touch with Step Change Quote Link to comment Share on other sites More sharing options...
Quoll Posted July 8, 2015 Share Posted July 8, 2015 Are you in Aus already? If so, seek counselling from one of the free financial counselling services. Last thing you will want is to be bankrupt in Aus, they won't let you leave if you are an undischarged bankrupt for starters and the counselling services can help you negotiate with your credit card providers. If you're not in Aus but still in UK I'd get financial counselling there too and work out how to cover the debt but think very seriously about moving to the other side of the world while that debt still hangs over you - moving to a foreign country is an incredibly expensive venture and you would want to have all your finances humming along nicely to buffer you from being in debt in a place where you are likely to have little or no access to welfare funding. Quote Link to comment Share on other sites More sharing options...
Guest Guest109139 Posted July 13, 2015 Share Posted July 13, 2015 I am not suggesting what you should do, but I urge you to read this article. It highlights a few common misconceptions about how the debt/collection agency etc work. http://www.theguardian.com/commentisfree/2011/nov/15/debt-agencies-economy A bit of an eye opener for many. Excellent article, thanks for posting. And yes people are waking up and taking note Quote Link to comment Share on other sites More sharing options...
zayd Posted July 26, 2015 Share Posted July 26, 2015 Credit rating won't affect your PR in itself. However your proof of funds must be net of any debts, so you must have at least that net worth. Quote Link to comment Share on other sites More sharing options...
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