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Best way to pay off student debt?

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  1. #11

    Join Date
    Dec 2002
    Location
    薄扶林
    Posts
    47,964

    You're right - just figured (my incorrect assumption) that you might be able to pay a year's worth of instalments in advance.

    Ignore everything I've said or might say today.

    Fiona in HKG likes this.

  2. #12
    Original Post Deleted
    No exchange rate risks at all if he pays it all off. He's getting paid in Hong Kong dollars and pays in Hong Kong dollars. If anything, he's exposed to exchange risks right now. An appreciating GBP would decrease his disposable monthly income.

  3. #13

    Join Date
    Feb 2015
    Posts
    12

    I've found Clearfx to be much easier/faster/cheaper than using banks..


  4. #14
    Original Post Deleted
    So what is it now, appreciating or depreciating GBP? Make up your mind.

    What you're talking about now is speculation though. Currency risk from loans usually refers to if the loan is in a different currency from your principal payment source.

  5. #15

    Join Date
    Mar 2017
    Posts
    11

    I think it is easier to just use a international transfer company. I hear WorldFirst are good? Anyway if big Corb gets elected then hopefully UK student debt will be wiped clean! Oioiiiiii!

    civil_servant likes this.