Short answer: before moving, inventory mortgages, auto and consumer loans: refinance options, prepayment cost, repayment from abroad. Debts do not vanish with migration and may hit home credit or lead to legal action.
Settling Loans Before Emigrating
Written by Global Immigrate consultants · Reviewed by Oscar Yip, Founder & Managing Director
Summary
Prepayment penalties, cross-border collection and credit impact.
FAQ
Leave without paying?
Debt survives migration and may be pursued.
Repay from overseas income?
Watch transfer costs and FX.
Guarantors affected?
Default can pursue the guarantor.