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defaulting on an overseas personal loan

  • 11-02-2010 09:31PM
    #1
    myles79
    Registered Users, Registered Users 2 Posts: 139 ✭✭


    i asked about this a few months back in another forum, maybe someone here could shed some more light on the subject

    PERSONAL LOAN DEFAULT ADVICE PLEASE.

    Hi there my wife and I were living in New Zealand and in good faith took out a personal loan over 5 years. We moved back to Ireland and have been paying the loan now for three years we have two more years to go and to date the loan stands at $13,600NZD which is approximately €6500.
    Due to severe financial difficuty we have defaulted on the loan .
    The bank has our address what happens next? . we are worried sick about debt collectors calling to the house is this possible we dont own a house or have any savings. What can they legaly do?


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