i owe money to the credit card companies..?

Question

i owe 25 grnad to the credit card copmpanies like american express ,bank of america,master card etc. it s been 1,5 since i left usa but i couldnt come back again so i have to stay in my country,my question is what is the progress about them taking this money back from me?or can they?

Answer 1

They can't take it from you while you're in another country. But:

If you're a US citizen, and you come back, don't expect the debt to disappear.

If you come back, and you're not a citizen, still don't expect the debt ti disappear.

If you're in some other country, but have accounts drawn on US banks, or banks with US Branches, be prepared to have those funds seized or levied at the discretion of the creditors and courts.

Answer 2

they can't basically "attain in" and take the money, even if the resources can not sparkling probate till all money owed of the resources are cleared. they don't favor to sue the resources, basically record a declare antagonistic to it in probate. even as someone dies the inability of life printed lack of life note places lenders on note that they have got a restricted era of time to record any claims antagonistic to the resources. also, part of the executor's job is to study the decedent's files searching for any unpaid money owed and set up to have them paid with the proceeds from the resources. money in a economic corporation account held in joint call count on how the account is recorded. If the joint vendors have top of survivorship, the surviving proprietor will change into the only proprietor upon the inability of life of the different proprietor. even if those money commonly can't be touched for most money owed, they could be accessible by the IRS or different tax authorities depending upon the data accessible, jointly with if the survivor turned right into a significant different and joint returns were filed contained in the present or previous years. If the credit changed into in joint call, the surviving account holder how is on the hook for the total stability concepts-blowing.

Answer 3

The Fabulous Rewards Program with Bank of America - Rewards ™ American Express Card has the following highlights:

9. 1 point for every net retail dollar spent on qualifying purchases
10. Double points for dining and travel purchases
11. Special rewards for traveling and shopping with partner merchants.
12. 24/7 personal concierge services.
13. Facility to redeem reward points for hotel stay, travel, gift certificates, merchandise or cash
14. No restrictions on number of points to be earned during a year.
15. No blackout dates

However, the reward points will last up-to five years, after which they will expire. For latest details on this offer please read the credit card terms and conditions provided by Bank of America. Read more from: http://www.credit-card-gallery.com/American_Express.html

Answer 4

If it has been 15 years the debts are past the Statute of Limitation for collections.

They cannot take any money from you before they get a civil judgment against you. It is possible that they may have gotten a judgment by default. If that is the case and your were not properly served (because you were out of the country), you could petition the court to have the judgment invalidated.

Answer 5

What are you worried about - just dont pay. Screw them. Remember - you only live once, so dont live in fear of debt. Dont take out any more cards though. Learn from the lesson. Keep everyone else's interest rates down.

Answer 6

Pull you credit reports and look under the "public records" section...there you will see if there are any outstanding judgments against you. If you meant 15 years....this debt should be outside the statue of limitations.

Answer 7

well being that you took money from these people ( credit cards etc) hiding something? pay them back even if its 10 each per month for the rest of your life

Answer 8

The banks have long arms. They can track you down. You owe the money pay it back or declare BK.