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Is there a web site on debt collection laws for the United Kingdom?

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banks suck
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Subject: debt
 
Posted on Wed Jul 02, 2008 4:32 pm  

So far there has never been an international agreement to share credit histories and I do not see this happening as it is not feasible.

After you leave the UK, your credit issuer or banks will likely hire a debt collector to chase your debt within 3 months of non-payment. And because you are abroad, the debt collector won't be able to find you, they'll then apply for a charging order at the couny court. A charging order might give the creditor the right to your possessions, such as your mortgage, house, or land, and cars, etc. So make sure you liquidate everything before you leave. Debt collectors might call your home abroad if they somehow got your details, but the court order they have only applies to the UK. So they don't have the rights to take you possessions abroad.

I guess the only way bad debt in the UK will get to you is if you apply for a job in a UK company abroad and it runs a background check on you, including your credit history in the UK.
anthony

anthony

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13607 Magic Points

 
Posted on Thu Jul 03, 2008 5:42 am  

yeah banks-suck is right because if you leave UK leaving your possessions like your house, cars etc behind, the creditors can get a court order to get hold of your properties. However, if you sell your possessions in UK and go abroad for a few years, the creditors can do you no harm even if you are staying abroad in British passport. This however will give a negative impact in your credit report which will stay in your report for seven years. But make sure that you close all your bank accounts in UK and transfer your money to a bank in the country in which you plan to reside. Otherwise, the creditors can garnish your bank account by the order of the court to get back the money. If you return after the SOL in your state has expired, then I don't think they can charge you again for the debt.
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fireyone



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127 Magic Points

 
Posted on Sat Jul 19, 2008 6:52 pm  

I never heard of a charging order. This would suck for someone stuck over seas in the military. To come home to nothing. You think they would have to contact you before getting one of those orders.
goodnatured



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511 Magic Points

 
Posted on Sat Jul 19, 2008 9:39 pm  

No civil or criminal action can be taken on a military person while they are stationed abroad, they are protected by fair debt collection and the soldiers, sailors act.
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goodnatured



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511 Magic Points

 
Posted on Mon Jul 21, 2008 2:37 am  

This is a very old law and has been in affect for a long time, I know when I was deployed this law actually cut all the intrest on my loans also, it has a lot of different parts. All I had to do was send my lender a copy of my orders and they had to by law drop the intrest, they all complied, but as soon as I got back the rates shot right back up.
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fireyone



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127 Magic Points

 
Posted on Tue Jul 22, 2008 6:15 pm  

That is a good thing for them to have in place. The only thing I believe that should have been added was a grace period. They could have given at the least and in my opinion 6 months before readding interest.
Ruth
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Subject: debts
 
Posted on Sun Jan 25, 2009 5:26 pm  

So does anyone know what would happen if you left the UK with debts of say 5k, lived abroad but wanted to return to visit... Would you get pulled at the airport?
fireyone



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127 Magic Points

 
Posted on Sun Jan 25, 2009 5:33 pm  

It would depend on the rules of debt collection. If the can legally have you detained for unpaid debts over there then maybe. Here in the United States that is unheard of but we do not know how the laws work in that country. Maybe someone on this forum maybe familiar with them, I am not sure. Is there a web site on debt collection laws for the United Kingdom?
Ruth
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Subject: .
 
Posted on Sun Jan 25, 2009 6:03 pm  

I've looked everywhere I can. I'm moving to Australia from England with my other half in a few months and I've spent the past 5 years trying to pay off what I owe. The banks have been no help at all, and to try and pay the debts off from Australia would cost even more due to the cost of transferring money between countries. I've looked into going bankrupt but that would affect my chances of getting a job, a house or anything else in the future. Since my debts are relatively small (to the banks) and I've already paid them so much (they're just not going down due to interest and charges), I was wondering if skipping might be the best option, even though it's wrong. I just don't see any other way out at this point since I've been trying to pay them back since I was about 20. Thanks for the quick reply.
Ruth
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Subject: .
 
Posted on Sun Jan 25, 2009 6:07 pm  

Sorry for the double post, but I should add that my partner and I have been paying as much off as we can, but he's just lost his job over here and because of the terms of his Visa it's unlikely he'll find another one before he has to leave. My wages are barely enough to cover rent and food, let alone paying back more so the debts will just go up again and I have no means of paying them.
LimitationAct1980
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Subject: debt
 
Posted on Fri Feb 06, 2009 10:23 pm  

6 years.. if the creditors haven't heard from you for 6 years from the l;ast payment..they can not chase you with the debts anymore!! if they do persist then send them a copy of the Limitation Act 1980. and with an irritated tone that you'd sued them for unlawful harrassment. just google it and print off the pdf file. there problem solved!
LimitationAct1980
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Subject: debt
 
Posted on Fri Feb 06, 2009 10:31 pm  

Don't worry all the Ruths out there, you are not the first one who had this problem. All the money in the banks are all insured..if not enough then governments provide bail out..they never run out. sleep better at night my dears. Don't tell them where you are..because they cant collect from someone they can't locate. so sit back and rest easy and have fun in australia..and forget the english weather!
joe
Guest






Subject: skipping the country with debt
 
Posted on Tue Mar 17, 2009 12:22 pm  

well, i would say go for it. at the end of the day cover your tracks, make sure you have closed your bank accounts in uk. just for safeness change your name when you get there with your passport. I too have 14k worth of debt and im not worried. if they find me i will tell them i am broke sorry you cannot have any money. what will they do then, they cannot arrest you. all they can do is put you on another debt payment plan so your no worse off if they find you.
there are lots of ins and outs of how to do this porperly, obviosly we should pay these debts first as we all try to do. for some people though. you get trapped in a debt circle mostly due to the fact the cost of living in uk is stupidly expensive. there is enough information on the web to find. just a few more tips i have gathered for anyone who wishes to leave the country with debt and immigrate. close your accounts ,cancel direct debits write a short letter to all your debters(people u owe money to) stating that you have moved to another address in another province or state or county wichever applies. say that you will be intouch soon to give you this new address as i do not have details as yet.
by doing this, they will not try and find you becouse its costly, instead they will wait about 6 months for your reply. giving you plenty of time to change your name . uk experian fortunatly is only in the uk, reejoyce lol. so if you have a bad credit rating it does not matter. good. make sure you tell only family or people you trust where you have gone . or they may slip up if a debt collecter knoks at there door if you lived with parents for example. they are under no obligation to give information to a strange man in a suit, best not to arswer the door or shout through the window. you may find its best to get a loan out in your new country with a better apr to pay back your existing debt. go back to uk. then pay it off and no worries right, just pay back what you can afford, like turning a new leaf. the more people that do this the better. debt recovery is very high at the moment so £10k is not a lot for you. dont worry theres bigger fish at this point in time with the recesion. nows the best time Very Happy
tooty
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Posted on Thu Apr 16, 2009 9:21 am  

Im thinking of going travelling and have around 6K worth or credit card debts.. Does anyone know how i would stand on that?
lenny
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Subject: i owe 45K between loans, credit cards, and overdrafts
 
Posted on Thu Apr 23, 2009 1:15 pm  

I can't repay the debt, I can't stay in the UK, I have some cash that I want to use to leave the country and leave Europe as well, and start a new life.
will they be able to trace me in South America?
What if I want to open a bank account or buy a house?
They will be able to see my country of destination through my passport number?
For this sum, will they chase me internationally?
Can I get arrested if I come back to UK (which I do not intend to)
Can I be extradited?

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