2006-12-02 03:28:19 · 4 answers · asked by naughtymag p 1 in Business & Finance ➔ Credit
With years in the credit business:
No!
Your debts are civil matters, not criminal! The US did away with throwing people in jail for bad debts with the enactment of the Bill of Rights and Constitution.
Even if you had serious amount of debt with a particular credit card company ($20,000 or more) I have never heard of a credit card company going after someone in court. By this time your debts are seriously written off and the companies have no expectation of recovery of the money.
The government does not keep track of what you owe or penalize you for it at all. You will have no problem getting back into the country.
However, some things to consider: Your credit report will likely be blank because debt only stays on there for 7 years. When you start to rebuild, I would recommend staying away from the companies you already defaulted on.
There are many little technical things that can go wrong if you applied to the same company and I wouldn't risk it.
Best of Luck!
2006-12-02 04:42:19 · answer #1 · answered by Anonymous · 1⤊ 0⤋
I totally disagree with our credit expert TD. In the court of my business I've had to sit around in court and have seen many people being sued by credit card companies (through collection agencies).
You will have no problem getting back into the country. As mentioned it's not a criminal matter, and the border patrol is too busy looking for terrorists and not credit card debtors.
So what can happen? You need to take a quick look at the Statute of Limitations laws. Every state has a differant timeframe (usually 4-6 years). The creditor has this long to take legal actions to collect on a debt. If they don't, you no longer have a legal obligation to pay them.
When you leave a state, that time "freezes" until you return back to the state. So if you are planing to return back to your original home state, this could create a problem if your former creditors locate you.
Other than that, there should not be any problems. Your debts are now off the credit reporting bureau's records.
2006-12-02 11:13:45 · answer #2 · answered by Anonymous · 0⤊ 0⤋
You probaly have a clean credit record. Dont worry about it.
2006-12-02 12:07:29 · answer #3 · answered by Anonymous · 0⤊ 0⤋
No, i dont think so, it is probably been a shredded folder by that length of time.
2006-12-02 04:17:37 · answer #4 · answered by sunflare63 7 · 0⤊ 0⤋