Overseas but have Irish debt

[iredebt]

Hello, my partner and I left Ireland over 12 months ago. We have a mortgage, credit union and credit card debt in Ireland. We have been sending money back every month since we left but now find ourselves in a bind. We are getting into debt in our new country because we are servicing our Irish debt. We live outside eu and really don't know what to do. Who do we contact to get our situation more manageable? If we skip payments will this lead to trouble if we wish to visit Ireland (our parents would be paying for our return visit) in the future. We never informed anyone we had left & we just kept paying out. Our house is rented via a management company but again we haven't informed revenue. We want to do the right thing but the strain of managing debt in 2 countries is huge and affecting my partners health.
Debts are mortgage of 190k but house only worth about 150k, credit union of 12k, credit cards of 9k.

Any advice?

 

[steve119]

Is your move permanent? There is no effect as far as coming to Ireland to visit. It will of course trash your credit rating in Ireland but if you made a permanent move, that probably doesn't concern you.

If you are servicing Irish debt with no intentions of returning you are doing more than many others. You are probably in a pretty strong position to negotiate for more realistic payments as they are actually quite lucky you are paying at all.

As of today, your credit rating outside of the EU isn't affected by troubles inside it. That could always change in the future but I doubt it.

 

[iredebt]

thanks, yes we do not intend to return to ireland to live but at the same time want to do the right thing. how do we communicate with the different institutions from where we are? I read somewhere we are better off not giving our current address etc.

 

[demoivre]

thanks, yes we do not intend to return to ireland to live but at the same time want to do the right thing. how do we communicate with the different institutions from where we are? I read somewhere we are better off not giving our current address etc.

e mail.