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Loan repayments when abroad

Hi, I have been fortunate enough to land a job in Auckland, NZ. I have a number of loan repayments that are paid from my UK account. To achieve this I have to transfer money from my NZ account to my UK every month. This is very expensive because of the exchange rate and bank charges on both sides.

What I would like to know is where do I stand with these loans? I have student loans which I have not started paying yet and I also have a Career Development Loan. I would like to reduce the payments to the CDL to something which I can manage, this would be about 20 GBP! Can this be done? What are the implications? Also what would happen if I just dissapeared and didn't pay my loan any more?

Any help will be gratefully recieved.

Sam

Reply to
Sam Vernon
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Don't forget that if you stay out of the country for 2 years then your student loan gets written off! I seem to remember reading that in the terms.

Reply to
Mr Bean

Don't forget that if you stay out of the country for 2 years then your student loan gets written off! I seem to remember reading that in the terms.

Reply to
Mr Bean

Without a hint of irony, "Mr Bean" astounded uk.finance on 13 Feb 2004 by announcing:

You almost certainly remember incorrectly. On loans taken out before Sept

1998, the loan is written off on death, permanent disability, or after 25 years or when you reach age 50 (whichever the earlier) unless you were 40 or over when you took out the loan in which case it's when you reach 60. After Sept 98, it's death, disability or upon reaching 65 years of age.
Reply to
Alex

That must be complete bollocks !

Reply to
Tumbleweed

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