I've a few old debts to several high street banks and credit card companies. All the debts are on a management plan with the associated credit provider and as such I'm not paying any interest on these. This was sorted out via the students union on my behalf and everything had been going smoothly, however some of the debts are coming up for review and as it stands I'm still no better off financially then when I started the management plan. Therefore I've no intention on paying anything extra. I've been clear about my circumstances to each creditor and have taken the advantage of paying off some of the debts via a reduced settlement figure, generally around 45-50% off the outstanding amounts.
Next year I'm moving to Australia and was wondering what the above creditors can do to chase up the debts. I'm currently of the mindset to let them know a month before I leave and offer them a token gesture to write the account off. My credit rating (if there is such a thing) is shot at anyway so doubt that will be affected any more.
None of the debts are classed as priority debts, ie council tax, water bills etc, but are purely private loans and not affiliated to any property or item of value.
Also I have no assets that are in my name, such as car and my bike could be passed off to my bro.
In the UK I'm not worried about them turning up at the door and demanding entry as well as possessions, as they would have to take me to court first.
SO do I do as mentioned above or still pay in the future when living in Aus?