Using an ATM card in another country shows us how easy it is to get information from a UK account abroad. If we can do this so simply, what other information is able to zip round world almost instantaneously?

Having resources to trace a debtor or having agreements with other countries, or even possibility of selling debt to an agency in appropriate country does not automatically mean that a creditor will be successful in tracing a debtor. In some cases, people do get away with it. A creditor has a period of 6 years from last time a person acknowledged a debt to use legal system to recover monies. However, if a creditor has taken legal action on an account, debt can be legally recoverable indefinitely. This means that someone could start a new life abroad and work hard for assets they accumulated, only to find a few years down line that a creditor has traced them! Everything they have worked for is put at risk and could be taken from them to repay their debt.

What are Options?

Many people who move abroad to escape their debts may not be aware of free financial help available. They do not even need to telephone UK, as there is free advice and help available on web. Just a quick email can put someone’s mind at rest and make them realise they are not alone.

There are companies such as FCL Debt Clinic (http://www.debtclinic.co.uk) who offer free financial assessment and advice. FCL can also refer clients to a Debt Management Company who charge no fees and can help negotiate affordable monthly repayments on their clients’ behalf by setting up repayment plans with their creditors. Anyone with a UK bank account or use of one for transferring money, with UK debts, can be helped. This way, ever-present worry of whether a debt is still around is no longer there to haunt you.

Most people do not realise that they have capital locked up in their property which could be used for buying that special car of their dreams.

Release capital tied up in your home with a home owner loan. The loan can be used for any purpose, and is available to anyone who owns their home. Home loans can be used for any purpose such as, new car, home improvements, pay of store card or credit card debt and debt consolidation.

Home owner loans are available for practically any reason. One of most common types of home owner loans on offer are debt consolidation loans where objective is to reduce monthly outgoings to a more manageable amount.

A UK Home Owner Loan is great if you want to raise a large amount; are having problems getting an unsecured loan; or have a poor credit history. Many lenders look more favourably on people who are home owners as this demonstrates a commitment to repay a large amount of money over a long period.

A UK Home Owner Loan is a cheap, low cost, loan secured on your UK home. It frees up equity in your home for you to use on whatever you want.

You may freely reprint this article provided author's biography remains intact:

John Mussi is the founder of Direct Online Loans who help UK homeowners find the best available online loans via the http://www.directonlineloans.co.uk website.