Full and final settlement

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Here's my take on this

 

if you are not behind on payment the creditors are unlikely to a) believe you and b) to accept your offer, plus i dont know which country you are going to move to but be aware that ...

 

"Germany and Canada have reciprocal agreements with the UK when it comes to tracing debtors and debt collection practices. There is not much information available regarding other countries with such agreements although a search on the web may reveal more, it is possible that creditors do not want this information to be readily available.

A reciprocal agreement in the UK means a UK Court can enforce a CCJ using the legal system of the other country. If there is no such agreement in place, a creditor can sell a debt to an agency in the relevant country and debt recovery procedures will commence under the law of that land.

Having resources to trace a debtor or having agreements with other countries, or even the possibility of selling the debt to an agency in the appropriate country does not automatically mean that a creditor will be successful in tracing a debtor. In some cases, people do get away with it. A creditor has a period of 6 years from the last time a person acknowledged a debt to use the legal system to recover monies. However, if a creditor has taken legal action on an account, the debt can be legally recoverable indefinitely".

 

I think the best solutiuon is to let your house sale go through, before completion, speak to Payplan/CCCS whilst you are still domiciled in the UK, get them to propose a DMP. I wouldn't be telling them (creditors) you are moving abroad. That way you can pay off what you can afford month to month. Why give info that is not relevant, if you have moved abroad and have no assets here it still COSTS time & money to track you down, at least this way with a DMP you can remain in some control

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Binker , it my understanding thata creditor can sell a debt to an agency in the relevant country and debt recovery procedures will commence under the law of that land. I guess it all down to a DCA and how much the debt can be harvested into v what it will cost to recover

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You people are unbelievable, the OP has run up debts and now wants to wriggle out of paying them. Sorry but CAG was never intended for this type of behaviour.

 

"You people are unbelievable', Which people?, What people? Do you mean the people that are on here because they have debt issues/experience of debt/experience of dealing with DCA et al and are willing to pass their help /experience on to other people free of charge ??? Are these the people who you find unbelieveable?

 

If this so why are you on here ? , As i understand it, this forum is about DEBT and all the ramifications that that entails. Of course some of the advise will be about about debt reduction/reduced payments/ non payment etc thats the way the world works.

 

If you need proof we only have to look to our stand up "peers" in government and the world of commerce, lets explore some examples shall we

 

The wonderfull Mr. Northern Rock was so prudent with his finances that one day he decided to lend to people who had no income, no job and no way of paying this back , he decided because he was greedy for the extra sub prime interest rates he was getting he would spread this around a bit. But what happened? Oh yes the guy ( Mr No Job) that had no job, lost his job and began to defualt on his loan. and so did his friend , his family , in fact everyone he knew did . This caused Mr Rock to panic, he decided to do a Google seach on " IVA's for Major British Lending instutions" and he also contacted "Payplan" but they were no help either. So he did what any large, private organasation does in cases like this , he looked for a way of getting out of paying what he owes, he did a F&F on some of the debt and he then went to you & i , The British Taxpayers to bail him out by lending him 8 billion pounds of our money, Money buy the way that my local Hospital and various other project could well do with ! I am soooo glad that my tax pounds are being used to bail out a private Company

 

Or how about the Goverment and their dealing with the 2012 Olympics?, of the 10 Billion that it will cost to build the Olympics, they have spent nearly 2 billion on the "Goverment Credit Card" on fess, consultants, "loans" etc etc, Guess what happens to that money, it getting written off! Who agreed to this , why you and i did, the Taxpayer

 

My point here is obvious, when the "little" people try and make their life right again after mistakes in the past, people like you (who cant possibly know the true extent and circumstances of that person) sit here in moral judgement, This is set against a best case scenario where that person might be able to reduce/avoid/lower a debt to a Company

 

Perhaps we should look further at private companies and the goverment to see if they can teach us more ways of "dealing with debt"

 

Remember, avoidance is not a crime, Rape & Murder are

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Spot on DannyBoy