What happens to credit card debt when you move abroad?

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creditcardmess
 
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What happens to credit card debt when you move abroad?

Postby creditcardmess » Fri May 10, 2013 7:33 pm

hello there! i have some questions for whoever can help me...

I have lots of credit card debt: $17,000 on Chase $6,000 on discover and $5,000 on a visa. I cant afford to pay it anymore....

I am also planning to get married and move to Japan permanently.

What are the legal implications of having unpaid credit card debt and moving to another country?

also I am planning in few to visit my parents, here in usa. will I be allowed to enter the country?

thanks!


MemberSince99
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Postby MemberSince99 » Sat May 18, 2013 9:57 am

Legal implications: none. It's not a criminal matter it's a civil matter, so even if they sue you and get a judgement against you in court, they can't get Japan to extradict you to the US to face jail time, much as they might want to.

The debts don't just disappear, the vultures will be trying to contact you and collect and no doubt trying to serve and sue you while you are gone. They may well get a judgement on you that will last for 20 years if they get one, and your credit will be totally shot for many years) and if you leave any assets behind and they can find out about them they will get that. Otherwise, not much they can do.

And yes you will be allowed to enter the country if you are a US citizen they can't stop that either. In fact they would probably prefer you come back. It would really be ironic if they tried to serve you while you are visiting your parents. Bear in mind they will be trying to collect that debt, but the odds are great they will never get a penny of it.

I can't judge you, but I'm sure you know that's really not a good thing to do. But it's your life and your credit.

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djrez4
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Postby djrez4 » Sat May 18, 2013 3:23 pm

Not exactly correct, Member. It is possible to serve someone in a foreign country via the Hague Convention. I've done it. However, it will be hard to show that a court has jurisdiction over you if you don't have any real property in or other ties to the US. Service while visiting is also a possibility. Some jurisdictions (I don't know about all of them) allow jurisdiction to attach if a defendant is served while physically within the jurisdiction.

Depending on your current location, credit card debt may have a statute of limitations of as little as three years. At that point, they can no longer sue you, but they can still try to collect. Eventually (seven years after the date of first delinquency) the whole thing will disappear off your credit report. Until then, you're damaged goods.

Better to call your creditors and make an arrangement with them before you leave than have that hanging over your head.
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MemberSince99
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Postby MemberSince99 » Sat May 18, 2013 4:22 pm

Then I stand corrected djrez4.

Realistically though, hard to see them going to those efforts. I can tell you from personal experience Chase will uh, chase you. Or rather hire some pretty nasty vultures to do the job for them. But as far as tracking you down outside the US, well they gotta know where you are to attempt that. If you don't tell anyone, tell your parents not to divulge your whereabouts to anyone (because you will find that in a few years one of your old high school buddies who is long lost will call them trying to get in contact with you....) and don't say a word and just go, paying for the ticket with cash, well then I don't know how they are going to find you in the first place.

But them serving you while you are back in the US is a possibility. You might want to find out when the statute runs and stay out of Dodge until then. Or you may find yourself served while you are here.

A vulture company by the name of Wolpoff and Abramson now Axiant I believe or something like that once tried to serve me at my mom's address even though I hadn't lived there for years. They just basically filed suit hoping I would be living there and they could nail me, a throw it at the wall and see if it sticks approach. In the end, they just threw away the money for the lawsuit and attempted service (several hundred dollars) so my advice to the vultures is, at least have an idea of where the person is before you waste money.

creditcardmess
 
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Postby creditcardmess » Mon May 20, 2013 10:03 pm

thank you for your feedback! really appreciated! once I will leave I will have nothing here besides my parents and even that I can manage for them to visit there so is all good. thanks again!



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