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Student Loan - Moving Overseas - Worst they can do?

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TSR's new app is coming! Sign up here to try it first >> 17-10-2016
    • Thread Starter

    So I'm just thinking?.....

    You take a student loan, say £30k, do your course, and then before its paid off (at any stage) you decide to move abroad. Obviously You are immune to HMRC, and the SLC take over. I know you are meant to do a self assessment, tell them, and make payments each month - but what can they actually do if you stop paying?

    As far as I see it...
    Bailiffs are only effective here, and can Seize YOUR assets in the UK, not relatives or parents
    I know the SLC are in communication with foreign debt agencies, but they've been saying that for the last 4 years.... Only 9 have been prosecuted, and 3 convicted
    Even if they share info with intl debt agencies, there's a limited amount they can do, surely?
    They can't arrest you as soon as you land in the UK for an unpaid debt
    They can 'damage' your foreign credit rating?

    So what is the risk?
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