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I’m Studying in London But Owe 10K GBP And May Have to Leave the Country. – Danny

“Dear Jon,

im a foreign student studying in london and i have a bank loan of 10K GBP and my visa is goin to expire late 2012. still has 3 years to pay before my visa expires.. im having problem coz they are not renewing student visa anymore,, what shall i do then. shall i go back to my country in southeast asia without telling the bank please i need advice very badly…

shall i go back to my country in southeast asia without telling the bank please i need advice very badly…

Danny”

Danny,

I understand your question and concerns here, and I know that the student Visa programme is under scrutiny, but I cannot tell you what to do as to advising the bank of your leaving the UK.

If you have no other choice but to leave the UK, and from what you have stated for now you don’t, advising the bank will not change anything; you still owe the debt/loan.

On the other side of things, are you looking to stay in the UK? And look for work? Much can happen between now and ‘late 2012’. You may find a way to stay and pay the loan back.

Are you able to make the payments on the loan for now, while you are here in the UK?

While I can fully understand concerns about the future, it is just that, the future and we do not know what will occur.

Let me know your thoughts, and we can explore this in more detail.

Regards,

Jon Emge is an experienced UK debt advisor who has helped thousands and thousands of people in the UK to deal with problem debt. Jon specialises in finding good solutions for problem debt using a variety of UK specific techniques.

If you have a question you’d like to ask about how to get out of UK debt, just use the online form. I’m happy to help you for free.

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About the author

Jon Emge

Jon Emge is an experienced UK debt advisor who has helped thousands and thousands of people in the UK to deal with problem debt. Jon specialises in finding good solutions for problem debt using a variety of UK specific techniques.

If you have a question you’d like to ask about how to get out of UK debt, just use the online form.

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