Foreign debt disclosure

Discussion in 'The Buying & Selling Process' started by Jesthorne, 26th Oct, 2022.

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  1. Jesthorne

    Jesthorne New Member

    Joined:
    26th Oct, 2022
    Posts:
    1
    Location:
    Perth
    US expat now in Oz with permanent residency looking to buy. Wondering opinions about disclosing of foreign US debt. I have student loans in the US the number is large but my monthly payments are and will continue to be zero dollars and could soon be eligible for total forgiveness so I know it shouldn’t affect my monthly expenses or my ability to pay and I know Oz banks can’t see it. But should I disclose it? I feel it would only negatively affect my buying power even though I know it isn’t an issue in terms of my savings or ability to pay my bills. It feels wrong/dishonest not to but it seems to have no upside