The government has today announced a large increase in the additional repayments that it will be seeking from student loan debtors living overseas. In the last financial year, the IRD's collection efforts yielded extra payments of $79 million from overseas debtors. The new target is $100 million. In addition, 20 student loan debtors have been targeted for arrest, and 20 are being pursued through the Australian Courts (thousands are also being pursued through Baycorp in Australia and similar debt collectors in the UK).
Because the IRD and the government receive a large pay off from every dollar spent chasing student loan debts, there is no chance of the IRD cutting back in this area. The government's announcements make it clear that if you have a student loan debt problem you need to deal with it now. The sooner you deal with it, the more options you have. Please contact us if would like advice on the best options for you.
Because the IRD and the government receive a large pay off from every dollar spent chasing student loan debts, there is no chance of the IRD cutting back in this area. The government's announcements make it clear that if you have a student loan debt problem you need to deal with it now. The sooner you deal with it, the more options you have. Please contact us if would like advice on the best options for you.
