UK Debt Emigrated to Australia

[Dragonfly321]

I emigrated to australia permanently about a year and a half ago, but still have an overdraft of 2500 pounds with a bank in the UK.

I am struggling to pay it off, and am being charged 1.75 a day for the overdraft.

I have not informed the bank that I have moved to Australia.

 

Im wondering what is the best course of action.

I do not intend to return to the UK and have no assets or family over there.

 

I rang up a call centre for the bank and informed them of my situation and they suggested i ring the branch and speak to them.

I intend to pay the debt off, but am not in a position to do so right now, and was hoping the bank might put a hold on the charges, whilst I can get the finances to pay them off.

 

alternatively, what would happen if I did not pay this debt off

[dx100uk]

short answer is nothing.

[Dragonfly321]

Ok, thanks - so if I did not pay it they would not chase me over in Australia, but I would need to inform them I’ve moved to Aus wouldn’t I ? 

[dx100uk]

oh they'll chase but ………...

 

yes you should have informed them long ago.

 

how old is the account

[Dragonfly321]

The account is about 20 yrs old, it’s been overdrawn about 2 yrs - most of the overdraft is now made up of bank charges

[dx100uk]

lets put it this way

if you were still in the UK

and you stopped paying

 

they'd sell it on to a powerless DCA.

they could eventually take you to court

but if the A/C is that old

and the balance is mostly if not all bank charges and the interest they attracted

then most claims we help on are defended upon those lines and most DCA's either give in or lose the claim.

 

dx