What a dead set whiny loser. Typical, he runs to the media and cries a river of tears

A dead set drop-kick and failed lawyer who absconded without paying his student loan is now crying a river of tears over how high it is now.

A lawyer says he will die in debt after a retrospective change to his student loan contract added $69,000 to the initial $16,000 balance.

The 52-year-old is considering career-ending bankruptcy to wipe the $85,000 debt that impedes his ability to travel, own property and fill up his 1998 Mazda Bounty ute.

The man, who cannot be named without jeopardising his job, pays 18 per cent of his $52,000 salary towards interest alone.

He wishes he never came home after 18 years in the United Kingdom.

I wish he never did either.

Graduating from the University of Canterbury in 1993, he struggled to find work and decided to try his luck abroad.

In the UK, he faced the stresses of self-employment, divorce and depression.

“There were a few good years, most were average and a few were truly awful,” he said.

“When I worked in law firms as a partner or consultant it remained on the basis of taking a share of what I billed. I never had a salary, my income was all over the place. For years I put my head in the sand; I’m quite honest about that.”

Thinking he would suffer a small penalty for shirking his loan repayments, he offered Inland Revenue (IRD) $30,000 to clear his debt before returning home. IRD refused.

He did not know the Government changed student loan contracts in 2006 to charge overseas borrowers interest, increasing his debt by 337 per cent.

That would be a Labour government who changed student loan laws.

What sort of a useless lawyer is this guy. He’s worked for 18 years in the UK as a lawyer and can’t rustle up $85,000? If he was diligent that should be a doddle. If he was diligent he would have paid off his loan ages ago.

IRD writes off loan interest for current students and domestic residents, but late payment adds interest, even if the debtor lives in New Zealand.

Late payment interest could be waived if it was caused by “genuine error on the borrower’s part” or matters beyond the person’s control, but only if “the outstanding repayment obligation is paid in full first,” an IRD spokesman said.

IRD declined the lawyer’s 2014 hardship application because his $40,000 bank balance would cover $34,473 of late payment interest, leaving an outstanding $69,175 obligation. He was unemployed at the time.

“[IRD] said they believed I had arranged my affairs so as to give the appearance of having no income,” he said.

“They issued a notice requiring payment in excess of $40,000 in 14 days.”

A two-year legal battle followed. IRD eventually withdrew its court proceedings.

The lawyer now pays a quarter of his salary – $1100 a month – towards his loan debt and mounting late payment interest.

“I do struggle not to get overwhelmed by it. I drive to work in the morning and wonder why I’m doing it; if I didn’t have immediate family I would just stop working.”

If he is looking for sympathy it is found in the dictionary between shit and syphilis.

He’s a lawyer, and he only earns $52,000 p.a., he must be useless. On top of that he worked in the UK as a lawyer for 18 years and has nothing to show for it.

He must have caught his whinging affliction while over there exposed to all those whinging Poms.

Cry Baby of the Week for sure.

 

-Fairfax


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As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story.  And when he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

They say that news is something that someone, somewhere, wants kept quiet.   Cam Slater doesn’t do quiet, and as a result he is a polarising, controversial but highly effective journalist that takes no prisoners.

He is fearless in his pursuit of a story.

Love him or loathe him.  But you can’t ignore him.

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