Education loan ‘could secure you in court’ if you move offshore

Education loan ‘could secure you in court’ if you move offshore

Increasingly more graduates are searhing for work possibilities abroad but utilizing a stint offshore as a reason in order to avoid repaying financial obligation could have severe economic repercussions.

Going offshore to flee pupil financial obligation may seem like a sure-fire option to avoid repayments but borrowers could possibly be landed with fines, as well as court procedures, when they don’t communicate with the scholar Loans Company (SLC).

There’s a misconception that is common borrowers that stopping Britain will place a conclusion to loan repayments but hidden within the conditions and terms of this loan contract are international payment schedules. (more…)

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