Many migrants find the lure of easy credit on offer in the UK hard to resist and eventually get themselves into serious debt and even bankruptcy.
I have seen overseas nurses and senior carers run up debts of over £20,000 in loans and credit card expenditure.
UK banks and credit card companies have had a much looser lending policy than migrants would have experienced in almost any other country in the world.
In the past few years credit cards with huge limits have been thrown like confetti at virtually anybody regardless of their credit rating, income or existing commitments.
To a person who had never been given access to any credit it must have seemed like every day was Christmas day!
Mortgages of up to seven times annual salary and 125% of the property value were given to people with little track record.
Although banks have tightened up since the credit crunch woke them up to reality, this does not help those already in debt.
To make things worse, migrants often have even more pressing debts back home in their own country, with unscrupulous money lenders charging them interest rates at over 1000% per annum.
Where can you get independent advice?
The Debt Advice Trust is a UK registered not for profit organisation which exists to enable people in serious debt to get advice on various debt solutions ranging from Bankruptcy to an IVA (Individual Voluntary Arrangements), Debt Management Plans and more.
They provide a source of expert, honest and impartial advice about getting out of debt. Their fully trained Counsellors will help ensure you are provided with the best advice for your particular situation.
Civil or legal action against you may affect your application for visa extension or ILR, as a question related to this appears of immigration forms.
Finally, never use illegal money lenders and loan sharks – you will only get yourself deeper into debt.
If you need any immigration advice or help with Sponsorship or Work Permits, Visa or an appeal against a refusal please email: