Living in Brazil with UK debts

[MIKE770]

No, I simply applied through V12, no guarantor or collateral was required. Does that seem strange for the amount?

very lapse in my opinion of them - well if you have an unsecured loan (Enforceable or Not) and do not intend to return to UK only for very short visits and no property/anything of value here. that is it,. carry on have a good life =BUT your choice, I know the other way around they would not care if you had property etc and would get charging orders etc. **

[a_Penguin]

I'll try and dig up the paperwork from the loan and attach here. Thanks again for your time.

[a_Penguin]

Me again. A bit embarrassing but I was confusing the companies I have loans with. V12 was actually for a smaller (~4k) loan and it's hitachi capital I have the larger one with. The only documentation I can get is from the email I received after accepting it. I am trying to log in to the account but their website is having issues right now so all I can get at the moment is here. I'm working on getting the agreement from V12 also as its still relevant.*

[MIKE770]

No, I simply applied through V12, no guarantor or collateral was required. Does that seem strange for the amount?

very lapse in my opinion of them - well if you have an unsecured loan (Enforceable or Not) and do not intend to return to UK only for very short visits and no property/anything of value here. that is it,. carry on have a good life =BUT your choice, I know the other way around they would not care if you had property etc and would get charging orders etc.* *@Ameythyst

[a_Penguin]

I have managed to get into the account for Hitachi but I can't seem to find any agreement document other than the one I attached above. I have no emails with this document either. I have sent a message using their own system to request it.
Amethyst apologies, I missed the top part of your last message as I was viewing on mobile. The loan was just a standard application process. No mention of a business related reason. The full amount was deposited to my account a few days after it was accepted.*

[Amethyst]

Hitachi makes more sense - just a standard personal loan - no security and no guarantor. If you decide to stop paying ( doesn't sound like you have much of a choice with the massive pay cut ) then you are likely to be better to tell Hitachi of the change of circumstances so it's managed, do it in writing so you can show ( if things change and you do have to come back to the U.K.) that you kept them informed and acted reasonably. If you were still in the UK and experienced a pay cut / list your job you'd have to negotiate with them anyway - either put a hold on the loan / reduce payments to token amounts etc.*

[a_Penguin]

Hitachi makes more sense - just a standard personal loan - no security and no guarantor. If you decide to stop paying ( doesn't sound like you have much of a choice with the massive pay cut ) then you are likely to be better to tell Hitachi of the change of circumstances so it's managed, do it in writing so you can show ( if things change and you do have to come back to the U.K.) that you kept them informed and acted reasonably. If you were still in the UK and experienced a pay cut / list your job you'd have to negotiate with them anyway - either put a hold on the loan / reduce payments to token amounts etc.

This sounds like the best option to me. I'd really like to avoid not paying them anything. I took the loan and would like to keep up my end of the deal. My main concern with the whole thing was the amounts and how I'd actually be able to pay them from a Brazilian account but I am assuming at this point I'll have to eat some fees for a transfer of some sort as long as they allow me to pay less monthly. Thanks so much for the advice! I'll get on the phone with them soon.
Edit: Any opinions of Bankruptcy? Is it a viable thing to do?*

[MIKE770]

Transfer fees will costs a fortune over period of time.* Be honest with yourself can you really afford to pay anything??? So the above mentioned is suspect when you need. Al you have. Think they cannot chance you there and you state not residing UK* different of.oponion & common sense do not stretch yourself your situation is critical at present