Scott Nelson is a renowned debt expert who supports people in debt with debt management and debt solution resources.
For free & impartial money advice you can visit MoneyHelper. We work with The Debt Advice Service who provide information about your options. This isn’t a full fact-find, some debt solutions may not be suitable in all circumstances, ongoing fees might apply & your credit rating may be affected.
For free & impartial money advice you can visit MoneyHelper. We work with The Debt Advice Service who provide information about your options. This isn’t a full fact-find, some debt solutions may not be suitable in all circumstances, ongoing fees might apply & your credit rating may be affected.
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For free & impartial money advice you can visit MoneyHelper. We work with The Debt Advice Service who provide information about your options. This isn’t a full fact-find, some debt solutions may not be suitable in all circumstances, ongoing fees might apply & your credit rating may be affected.
We understand that you might be worried about your visa application being denied because of debt, and we’re here to help ease those fears.
We’ll provide clear, simple advice to help you understand how debt can affect your visa application. Let’s dive in!
Could you legally write off some debt?There are several debt solutions in the UK, choosing the right one for you could write off some of your unaffordable debt, but the wrong one may be expensive and drawn out.
Answer below to get started.
This isn’t a full fact find. MoneyNerd doesn’t give advice. We work with The Debt Advice Service who provide information about your options.
Yes and No.
If you have outstanding debt there is no reason for this to be the sole reason for a visa to be denied. However, although very uncommon, debts can be a contributing factor to having your visa application rejected.
It would be fairer to say that rules for visa application acceptance vary for different people from country to country.
It’s worth noting that the way debt might affect an application depends on the sort of visa you are applying for – whether it is a visitor visa or an immigration visa.
Along with this, there are other common and valid visa refusal reasons as well that are used by the home office for the rejection of your visa. The decision would be based on UK immigration rules.
This includes providing false documentation or improper documentation, a previously overstayed visit, or a criminal history.
The impact of bankruptcy on visa applications for the Uk should not be a concern.
Bankruptcy laws in the UK allow you to declare yourself bankrupt in England or Wales, even if you live outside of the UK.
The only criteria are that you must have lived in England or Wales or you had a business in England and Wales.
However, if you’re making a Naturalisation application, it could jeopardise things. This is due to the rule set out by the Home Office which stipulates a ‘good character requirement‘.
Some debt solutions can:
A few debt solutions can even result in writing off some of your debt.
Here’s an example:
Situation
| Monthly income | £2,504 |
| Monthly expenses | £2,345 |
| Total debt | £32,049 |
Monthly debt repayments
| Before | £587 |
| After | £158 |
£429 reduction in monthly payments
If you want to learn what debt solutions are available to you, click the button below to get started.
Debt cannot negatively impact your current immigration status or a future immigration application. Being unable to pay off debts is not a crime in the UK.
The only factor that can affect your immigration status is a history of criminal offences on your record.
However, if you did take part in fraudulent activity to avoid settling your outstanding amount debts, you might have to face serious consequences in accordance with respective immigration laws.
That said, each country has its own immigration policy and debt rules.
If you took out a loan in the UK and travelled overseas, your debt remains active back in the UK. This is despite the inability of your creditor to legally get you to pay in any other place around the world.
Although there are exceptions to this.
While you are away, your problems worsen as fines and interests keep disrupting your credit.
However, if one is away for more than six years, the debt could be written off depending on the type of debt it is.
A debt write-off is likely to have a negative impact on your credit history. The result? It may be harder to get credit for up to six years.
In short, the outstanding debt credit score impact could be significant.
Every day our partners, The Debt Advice Service, help people find out whether they can lower their repayments and finally tackle or write off some of their debt.
I’d recommend this firm to anyone struggling with debt – my mind has been put to rest, all is getting sorted.
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Could you legally write off some debt?Answer below to get started.
This isn’t a full fact find. MoneyNerd doesn’t give advice. We work with The Debt Advice Service who provide information about your options.
