My boyfriend moved from the US to Canada 2 years ago. He paid his credit cards for the first year he lived here but now can't afford it and so has stopped paying them. He owes about US $32,000. Can US banks/credit card co's come after him in Canada? Is there some kind of reciprocal agreement between Canada and the US? If he returns to the US with me to visit my family could he be caught? Is there some kind of statute of limitations where the CC companies can no longer collect, say after 7 years as with bankrupcty? The CC co's have his address here in Canada since he was paying his bills but now there's just no way he can and he's thinking about never paying them. Thanks for your help!
2006-08-15 19:58:21 · 5 answers · asked by bookgirl 1 in Business & Finance ➔ Credit
Nothing at all will happen to him. Period.
2006-08-17 06:17:31 · answer #1 · answered by Anonymous · 0⤊ 0⤋
I went the other way moved form Canada to the USA 5 years ago. I stopped paying my bills after I bought a house here using my Canadian credit rating. I got one phone call from one of the companies saying they knew I had a house blah blah that was 3 years ago.
Nothing happened, they can't come after you at least in my situation and the laws usually go both ways. I cross the border 3 or 4 times a year immigration does not go after people that owe money.
2006-08-16 00:53:07 · answer #2 · answered by CreditCardMan 2 · 0⤊ 0⤋
When he tries crossing the US border, he might have a problem with the US border's immigration, ! If you owe a large sum of money, they'll put an effort to make sure that you paid off your debt. This MIGHT *not sure* includes a warrant or so. Otherwise, it would just be affecting his credit history back home. He should be responsible for his own debt. Meanwhile, just worry for yourself, let him worry his.
It is best to seek professional help! Anyone can have an answer or write any responses they want. However, I firmly believe that this is not something that's worth the risk trying for without knwoing the correct info (ie. Crossing the border) Moreover, soon all the US citizens are required to have a passport to cross the border. That means that your record could be pulled up easily, versus the current situation- just to briefly show IDs to cross the border.
2006-08-15 20:15:29 · answer #3 · answered by Zzzz... 2 · 0⤊ 0⤋
This is something that I am not entirely sure about but I will fill you in on something, if your credit report in USA is damaged, it will not show when a person tries to apply for credit in Canada. In Canada he has NO credit. It means he is starting from fresh. Now it is up to him to be honest or not if he chooses so, he did charge those things and it would firstly be imoral to simply leave it abanadoned, but it is of course his own decision wether he would like to be responsible for his tab or simply dine and dash. If he does simply want to take care of it at a later time, I would recomend he not start using credit again, for his own sake, I mean if a person charges so much on credit it is poor financial planning in general. Now do make sure he is not working for an american company IN canada, because im not entirely sure if he would be able to run from that in a court of law. Check with the credit beuro in Canada and ask them to be absolutely sure. Now if he does ever plan to go back to usa, rest assured nobody would issue a visa or mastercard to him for at least 7 years.
The final choice is up to him overall. Good Luck!
2006-08-15 20:12:16 · answer #4 · answered by Eric S 1 · 0⤊ 0⤋
I would honestly seek council (lawyer) in this situation.
2006-08-15 21:07:13 · answer #5 · answered by Jesse 4 · 0⤊ 0⤋