jimjones81
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Everything posted by jimjones81
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If the debt was sold (to a UK DCA) then would it count as a UK debt, or would they still need a NZ court order? Also how much to DCAs usually pay for debts (as as % of the original).
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Hi Thanks for the response. If I settled with the original creditor, would the UK DCA still be able to legally persue me? Even if a judgement was made was in an NZ court? My concern is that I might be able to come to an agreement with the NZ Inland Revenue (the creditor), but still be chased in the UK if the debt has been sold to a DCA.
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Hi, I currently have a huge student loan debt in New Zealand. I am in the UK. The NZ govt is now trying to recover defaulted loans mainly in Australia and now the UK, soon to be using DCAs. Does anyone know how easy it is to trace a debtor if the DCA only has a name and date of birth? Also does an overseas debt become a UK debt if passed to a UK based DCA?
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New Zealand Student loan living in the UK
jimjones81 replied to donnahaywood's topic in Overseas Debt/Overseas Account issues
Hi Statute barred does not apply to NZ student loans. There are only 3 ways to get rid of a NZ student loan. 1. Pay it back 2. Die 3. Declare bankruptcy in NZ. If you can't (or won't) do number 1 and 2 does not appeal, then the only option is 3.
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