Can Singapore credit card debts follow me back to the US??

Question

Living in Singapore temporarily and have a number of credit cards issued by local banks. If I fall behind on payments or can't pay...will the debts follow me back to the US. I have no plans to return to Singapore and they don't have my social security number.

Answer 1

They typically don't follow you back for cards issued by LOCAL banks in another country.

You might want to watch out as there is a Bank of America in Singapore. I remember seeing it in 1998 and they are a global bank now.

Global banks that do business in the U.S. may be able to xfer debts internationally, but all you supplied was your Passport #.

But if you have a local Singapore bank that didn't take your social security number, it is highly unlikely that your credit report in the U.S. will list foreign debts DENOMINATED IN FOREIGN CURRENCY (such as the Singapore dollar).

To be safe, I wouldn't return to the Asia-Pacific Rim AT ALL if you plan to charge and dash -- Asian culture is very punitive for minor stuff.

Singapore lashes you for VANDALISM!!!

Answer 2

No, If you permanently want to leave singapore the debt won't follow you. But, if you don't pay and wish to come to singapore some time in future situation could be tricky for you. Since you will be a credit card defaulter in that case.

Answer 3

Technically, no it wont follow you back.

But most credit cards in Singapore are "licenced" by VIsa, MasterCard and American Express to issue cards in singapore on their behalf. The banks in Singapore are purely getting commission acting as an "agent".

What does Visa, Mastercard and American Express have in common? They are all located in USA aka HQs.

It'll take some time before the Credit card companies come back to find you; unless your debts are too low to justify a hunt for you.

Answer 4

Wow! Great way to start off your new life in the US - by running out on debt in Ireland.