UK debt

[berbolt]

Has anyone have information/advice on UK creditors pursuing UK citizens in Thailand for Uk debts, incurred while living in Thailand. ?

[beano2274]

I have been previously chased by the German authorities in Thailand, I had to prove that my salary was below the income requirements.

[elliss]

  UK ,  benefits  agencies , are  certainly  chasing  farangs ,  claiming  bennies ,

Pension credits , etc. 

       when they   live outside  the  UK,    and  rightly so..   Would be a debt , too be paid back,

        Nothing to hide ,  Nothing  to fear .

Edited August 2, 2016 by elliss

[Kwasaki]

 

What kind debt is it ??

You should really know what outstanding debts you have.

Some debts are wiped out after 6-7 years.

Other debts if ending as far as getting a court judgement even though the person was absent and or a conviction could lead to them to having trouble staying in Thailand.  

[oxo1947]

Kwasaki is correct on not only what kind of debt ---but also what country you come from.

 

If you are from the UK do not,  IMO take any notice of the moralistic attitudes that you may encounter here about repaying your debts----especially if it is to societies like Wonga--Easy pay etc who's percentage can get as high as 1,200%--- Those same people would condemn the Thai money lenders who wouldn't get near that % also the companies who have large shares in these schemes are funded by upstanding societies like the Church of England...etc....yes every time they send the plate around they buy more shares---(yes not feeding starving children in Africa) ---- something that shouldn't surprise us atheist's

 

The Archbishop of Canterbury today admits that the Church of England still holds a stake in the controversial payday loans company Wonga. -----http://www.telegraph.co.uk/news/religion/10776514/Church-holds-on-to-Wonga-shares.html

 

If you owe money to those sort of firms or to banks---or credit card firms (in Australia they are now charging 18--22% for Credit card debt)

Then don't pay them,

 

On a rainy day in Brisbane once when I was waiting for my daughter to finish her University day. I wandered into a lecture called "How not to pay your Debts" being held by an Australian barrister---Australian law is very close to the UK law

 

As you haven't expanded on where your from what the debt is for etc......then there is little point in me rambling on.

 

 

[theoldgit]

Debts aren't actually wiped out after six years, they become Statute Barred and whilst they are not enforceable in a court of law, the debt remains.

There are certain exceptions, Government Debts don't become SB, CCJ's never expire though a creditor may have difficulty collecting if there has been no collection for six years and mortgages don't become SB for twelve years.

A creditor cannot take you to court if you're not a UK resident, though if they don't know you live in Thailand they may take you court using your last UK address and then obtain Judgement by default.

In theory they could sell a debt to local debt collectors but it would have to be pretty big to make it worth their while.

This is a generic answer, it really depends on what sort of debt you refer to.

[chiang mai]

On 03/08/2016 at 2:01 PM, oxo1947 said:

Kwasaki is correct on not only what kind of debt ---but also what country you come from.

 

If you are from the UK do not,  IMO take any notice of the moralistic attitudes that you may encounter here about repaying your debts----especially if it is to societies like Wonga--Easy pay etc who's percentage can get as high as 1,200%--- Those same people would condemn the Thai money lenders who wouldn't get near that % also the companies who have large shares in these schemes are funded by upstanding societies like the Church of England...etc....yes every time they send the plate around they buy more shares---(yes not feeding starving children in Africa) ---- something that shouldn't surprise us atheist's

 

The Archbishop of Canterbury today admits that the Church of England still holds a stake in the controversial payday loans company Wonga. -----http://www.telegraph.co.uk/news/religion/10776514/Church-holds-on-to-Wonga-shares.html

 

If you owe money to those sort of firms or to banks---or credit card firms (in Australia they are now charging 18--22% for Credit card debt)

Then don't pay them,

 

On a rainy day in Brisbane once when I was waiting for my daughter to finish her University day. I wandered into a lecture called "How not to pay your Debts" being held by an Australian barrister---Australian law is very close to the UK law

 

As you haven't expanded on where your from what the debt is for etc......then there is little point in me rambling on.

 

 

 

A fair rant, except: if you had said, don't borrow money unless you can afford to repay it, that would have been good. As things stand you suggest borrowing money is OK and not repaying it is even better, hmmm!

 

It's one thing to have morals you may disagree with and yet another to be a thief, most people can't go along with the latter but wont necessarily tell you so. I just did..

[oxo1947]

No Chaing Mai----circumstances change---sickness / unemployment, some (very few) institutions will work in with you in these cases, most will not.

 

Yes the man who stole the loaf of bread for his family was a thief and should be deported to Australia. Everything to some people is black & white.

 

I really do not find the words Morality  and Wonga--payday loans to be on the same page of my moral compass. 

 

But then I really don't know this man's story---(I take it you don't either)

Edited August 5, 2016 by oxo1947

[MissAndry]

28 minutes ago, chiang mai said:

 

A fair rant, except: if you had said, don't borrow money unless you can afford to repay it, that would have been good. As things stand you suggest borrowing money is OK and not repaying it is even better, hmmm!

 

 

Carphone Warehouse,

They sell you a 1 year contract with a free phone, you have to cancel in writing after 1 year.

But they 'lose' the letter, even if it's recorded, run up a debt for a phone you no longer use, usually for 6-12 months, then they sell the debt to collectors.

A well known scam by a well known company, so well known the courts no longer issue court orders for debt recovery from this company.

No loan required, no borrowing on the customers part. And that's just one.

 

Not to mention,

Unsecured debt ..... essentially loans you only have to pay back if you feel like it.

Never negotiate with a lender over an unsecured debt, they will send out a new agreement for you to sign which will be a secured debt, and they can recover that.

 

And finally, and slightly off topic,

I had some UK bank shares, bank went bust, all their buildings and offices were still they, just my shares had gone away. After that I never felt I had to pay any loans back to banks. What's good for them is good for me. Banks in Iceland, Banks in Cyprus, Banks in Greece ..... didn't feel any need to pay their depositors money back when they had problems.

Edited August 5, 2016 by MissAndry

[chiang mai]

1 hour ago, oxo1947 said:

No Chaing Mai----circumstances change---sickness / unemployment, some (very few) institutions will work in with you in these cases, most will not.

 

Yes the man who stole the loaf of bread for his family was a thief and should be deported to Australia. Everything to some people is black & white.

 

I really do not find the words Morality  and Wonga--payday loans to be on the same page of my moral compass. 

 

But then I really don't know this man's story---(I take it you don't either)

 

It's a fact of life that personal circumstances change, everyone should know this, buy insurance to cover those eventualities. Bottom line is, if you can't afford to repay, don't borrow.

[chiang mai]

55 minutes ago, MissAndry said:

 

Carphone Warehouse,

They sell you a 1 year contract with a free phone, you have to cancel in writing after 1 year.

But they 'lose' the letter, even if it's recorded, run up a debt for a phone you no longer use, usually for 6-12 months, then they sell the debt to collectors.

A well known scam by a well known company, so well known the courts no longer issue court orders for debt recovery from this company.

No loan required, no borrowing on the customers part. And that's just one.

 

Not to mention,

Unsecured debt ..... essentially loans you only have to pay back if you feel like it.

Never negotiate with a lender over an unsecured debt, they will send out a new agreement for you to sign which will be a secured debt, and they can recover that.

 

And finally, and slightly off topic,

I had some UK bank shares, bank went bust, all their buildings and offices were still they, just my shares had gone away. After that I never felt I had to pay any loans back to banks. What's good for them is good for me. Banks in Iceland, Banks in Cyprus, Banks in Greece ..... didn't feel any need to pay their depositors money back when they had problems.

 

I know a LOT, about CPH, they don't do that, although I accept it may happen out of circumstance, on occasion.

[oxo1947]

It's a fact of life that personal circumstances change, everyone should know this, buy insurance to cover those eventualities. Bottom line is, if you can't afford to repay, don't borrow. ---Chaing Mai

--------------------------------------------------------------------------------

Buy insurance to cover every single eventuality that may happen in your life-----yes one would certainly need to take a loan out to pay for those premiums.  Anyway Chaing Mai its refreshing to see someone on here standing up for the Thai money lenders at their 20% a month rates-----I mean the rates are insignificant....rates are much higher in the UK ***...especially to the people who need to lend the money the most.

And as you say Chaing Mai the bottom line is they have to pay the "Meng Da back....in case you are not  familiar with that Thai slang word it is a small blood sucking insect, but is applied by the working girls to their Pimps.....and to the money lenders that live off of them. Must be nice and warm to be wrapped up in that blanket of morality.......

 

Morality may consist solely in the courage of making a choice............. Leon Blum

 

***Its good to see the UK government have cracked down on Wonga fee's--they were nearly 6,000% but now they can only charge 1,509%

Payday lender’s APR falls from 5,853% to 1,509% and other fees cut after FCA imposes new regulations https://www.theguardian.com/business/2014/dec/16/wonga-cuts-cost-borrowing-interest-rate

I do so hope that this isn't hurting the Church of England and other high morality institutions, who have invested in it..