I am on a student visa

[k.f]

I am on a student visa.. does that effect my debt situation?

[MelanieGiles]

Can you explain what you mean by a student visa. Do you mean that you are from overseas and are staying in the country under a fixed term visa?

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk

[finebridge]

Hi K.F,

How much debt do you have? Does this consist of a student loan? Please give us a little more information and we can advise you further.

Kind Regards

Nicola

Finebridge Ltd
22 Laud Street, Croydon, CR0 1SU
0800 180 4212
www.finebridge.co.uk

[k.f]

Sorry for coming back a bit late on the issue.

Melani Giles:
Can you explain what you mean by a student visa. Do you mean that you are from overseas and are staying in the country under a fixed term visa?

Answer: Yes I am from overseas and I am in the country under a fixed term visa, which gets renewed every year if I am still studying, which I am.

Finebridge:
How much debt do you have? Does this consist of a student loan? Please give us a little more information and we can advise you further.

Answer: I have approximately £20,000 in debts. No it does not include any sort of student loans. All the outstanding balance is on 3 credit cards, 2 phone bills and one bank overdraft.

[MelanieGiles]

Hi kf

I would not have thought that a student visa would have affected your debt problems - assuming that you are a UK resident and have been in the country for more than 6 months.

In order to address your debts you could declare yourself bankrupt, enter into an IVA with creditors or offer a Debt Management Programme. I suggest that you take specialist advice with regard to your options.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk