Debt in the UK

CareBear
CanuckAbroad Regular



Joined: 19 Nov 2004
Posts: 42
Location: London

Posted: Thu Mar 01, 2007 11:54 am

 

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Hi there, hope someone can help! I have just moved back to Canada from over 2 years in the UK. I still have lots of debt in the UK and can't afford to pay it back. Especially now that the Canadian dollar has taken a nose dive.
Has this happen to anyone, and what has happened. thanks for your help!

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oohmercyme
Moderator



Joined: 21 Mar 2004
Posts: 312
Location: London, England

Posted: Fri Mar 02, 2007 3:30 am

 

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I had this problem when I moved back to Canada after 9 years in the US (I had accumulated $15000US in debt). The creditors still found me and harassed me until I went to debt counselling and they got the creditors of my back. Took me ages to repay.

I don't know if UK creditors will track you down or not, but ethically, IMHO, you should try to work out a payment plan even if it takes you a long time to repay.

Good luck!
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Lori

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Deus
CanuckAbroad VIP



Joined: 16 Sep 2004
Posts: 215
Location: Wrecsam

Posted: Tue Mar 06, 2007 11:44 am

 

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what she said.
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stephaniehoffman
Junior Member



Joined: 26 Jan 2007
Posts: 24
Location: Vancouver

Posted: Fri Mar 09, 2007 4:24 pm

 

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They cannot. In fact, even if the creditors tracked you down, you could have said that they have no jurisdiction in Canada. Your credit rating in a foreign country does not affect you in Canada, unless you tied up your accounts.

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