2007-08-15 02:40:32 · 9 answers · asked by Anonymous in Business & Finance ➔ Credit
Well....lets keep in mind that your credit does NOT follow you to another country. H.A. doesn't know what he is talking about.
Will they try to come after you for the debt? Only if it's for a lot of money.
When you leave the country, your debt will be placed on hold. When you come back, they can come after you for it. You do not have protection from the Statute of Limitations as that timeline freezes when you leave the state.
2007-08-15 06:11:24 · answer #1 · answered by Anonymous · 1⤊ 1⤋
I will not answer that question because you should pay your debts unless you really cannot afford to do so, but I will tell you:
Credit reporting agencies such as Equifax, TransUnion, Northern Credit Bureaus and Equifax, and others only collect information from creditors about consumers’ financial experiences in a particular country and is separate from other countries credit reporting agencies and vice versa.
There are many reasons why credit reports do not transfer from one country to the next. The main reason behind this is because of differences in national laws. Every country, and the European Union, has its own laws governing credit reporting and information use. In addition to legal barriers, there are significant contractual complications around how businesses in other countries would access reports, report and update information and respond to consumer disputes. There also are a number of technical issues around how information is collected, stored and shared that further complicates transferring your credit report.
2007-08-15 13:18:34 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I think everyone is misreading the question. Are you considering moving to another country, and wondering if all credit cards need to be paid off prior to the move?
2007-08-19 09:20:13 · answer #3 · answered by Art G 4 · 0⤊ 0⤋
Yes, in order to protect your credit you do as credit follows you every where and you must consider that you may come back. It is always best to pay your bills.
2007-08-15 09:58:31 · answer #4 · answered by H. A 4 · 2⤊ 0⤋
Why would you think you wouldn't have to pay your credit card debts? You made the charges; you owe the money.
2007-08-15 10:52:18 · answer #5 · answered by bdancer222 7 · 1⤊ 1⤋
Yes! Why would you think otherwise? If you use a credit card, you're responsible for repayment, no matter where you live.
2007-08-15 11:40:08 · answer #6 · answered by Christie 4 · 0⤊ 0⤋
Of course. Do you plan to never return after relocating?
2007-08-15 09:54:19 · answer #7 · answered by Cathy 3 · 1⤊ 2⤋
YES.
2007-08-15 09:47:34 · answer #8 · answered by Lilly 5 · 1⤊ 1⤋
no
2007-08-15 09:49:34 · answer #9 · answered by Anonymous · 0⤊ 4⤋