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Hello, my name is***** am a qualified lawyer and I will be assisting you with your question today. Are you being chased for this already?
Technically the lender can make a court claim against you in the UK and once they win, they can seek to transfer the judgment t the country you live in and enforce it there. It would then depend on what the enforcement laws there are as to what they an do. As an example, in the UK they could get bailiffs, get a charging order on your property, make you bankrupt, etc. So this is the possibility but of course there is no guarantee they would go that far. They could easily be put off by the costs and time it would take to do this, plus the additional legal fees for foreign lawyers to take it further. For the amount they are pursuing these costs will likely exceed what you owe them. So the more probable outcome is that they write this debt off, which they can do if the debtor cannot be located or if the costs in pursuing it will become disproportionate. So worst case is that they could still pursue you even if you are abroad but realistically that is less than likely to happen.
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Oh no this is not a criminal issue it is a civil matter so no threat of jail or a criminal record. I cannot advise you how your properties abroad will be affected because this depends on the local laws of the country they are in, not UK law, so you need to speak to a lawyer from there to find that out. And the UK is a long way off being out of the EU - nothing has changed yet and nothing will change for a few years at least. A decision was taken to leave the EU but that will take a long time to implement and for the next couple of years at least the EU laws will continue to apply.
I think because the amounts you owe are to different companies and means each company is owed even less than what I thought, the chances of them pursuing you are even lower
yes it would
your employment opportunities will not be affected by this, your credit rating could which means getting further credit, or a mortgage could become more difficult. In any event these debts cannot be pursued after 6 years have elapsed
no, you can work and stay here without paying off the debts, but they can pursue you for them - it does not affect your job or your right to remain in the country
there are ways of finding you if needed, your money in different accounts will not be affected in any way they cannot take that off you
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