goulet
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New Zealand Student loan living in the UK
goulet replied to donnahaywood's topic in Overseas Debt/Overseas Account issues
Hi Donna I am now up to my third letter from CCI legal. The first, declared that they have found me. The second declared that if I dont reply within 7 days they would take further action. The third told me if I did not pay up then they would instruct the NZ govt to take action within NZ and listed various NZ-type actions. I suspect that this is the required precursor to taking any action in the UK. Of which, it is not clear to me whether they can or cant take any action. Unlike UK/Australia, I dont believe there is a reciprocal UK/NZ agreement about enforcement of debt action. However, this might not be necessary. I am in a position where I have no assets/savings. My student debt has ballooned above $NZ100000. I think I will probably make an offer of a regular indefinite payment. However, I havent decided on how much yet. Anyway, I hope that you have had success in your discussions with NZ IRD. cheers J -
New Zealand Student loan living in the UK
goulet replied to donnahaywood's topic in Overseas Debt/Overseas Account issues
Hi I can confirm that the NZ govt has begun pursuing Student Loan debt in the UK by debt collector. I have received letters from CCI Legal regarding this. As I can't pay what they're asking, I'm following this forum closely. Its not clear to me the approach the collector will take, but it's clear they have not bought the debt from the NZ govt. The NZ govt claim that for every $NZ1 spent on debt recovery they get $NZ11, which suggests to me they are currently willing to go the distance on this. I'll update my progress (If I can call it that) when it happens. J
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