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registering defaults


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i have just moved to australia and owe a bank i england some money. i cant afford to pay the monthly repayments in full anymore, i am able to pay them some money every month. i am just wondering can they issue a default notice even though i am willing to pay them some money. also can an english company register a default on you in another country? with thanks to your replies

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Yes they can & will register a default against you on your credit file if they know which country you've moved to.


I suggest you also check out the Ex-pat Focus forums Expat Focus - Forums - Expat Issues (scroll down for country specific forums) - Personal Finance (scroll down for country specific forums) - Personal Finance is a very common topic of discussion & they should be able to answer all your questions from their own experiences.

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