Internet's first get-out-of-debt community - members

Posted: Mon Mar 26, 2007 6:47 pm

Many people are thinking of leaving the US as a result of job and home loss and moving to Mexico. From the responses on this site I am under the impression U.S. credit card debt would be hard to collect in Mexico? If you stay out of the country for 7 years the writeoffs fall off your credit report? Thanks

Posted: Mon Mar 26, 2007 6:52 pm

Posted: Mon Mar 26, 2007 6:56 pm

Yup. And the statute of limitations may stop ticking, too. It is conceivable that you could be sued, and have a default judgement placed against you. Wanna guess how long that would stay on your credit report?

Posted: Mon Mar 26, 2007 7:10 pm

I don't think that leaving the country is a reasonable excuse...I am not trying to escape my debt I am trying to find a way to take care of my debt as in pay what I owe with a reasonable monthly payment...

Posted: Tue Mar 27, 2007 4:31 am

I don't think moving to Mexico or any other country will allow you to escape your debt. Eventually, they'll find you. Why take that risk? And why avoid paying what you legally owe? Shocked

Posted: Tue Mar 27, 2007 4:39 am

I am wondering if the relocation costs would be more or less than the debt owed? I think your are right about the SOL stopping, pausing or whatever, don't think this is a good idea. Guess it depends on how much debt you owe, LOL. I could not afford to move to Mexico myself, I will stick around and deal with them here.

Posted: Tue Mar 27, 2007 9:22 am

And Steelers is right - Mexico is just about the LAST place I would want to move - other than perhaps Iraq.

Posted: Tue Mar 27, 2007 9:32 am

Eventually, I believe, it will all catch up to you. You cannot continuosly run from what you owe because eventually you will be caught and still have to pay or maybe you might actually be convicted of fraud if proved that you actually left to get out of paying and maybe jail time??? I might be wrong, but to me, that is commiting fraud. Also, and I have to ask, why would you want to come on here and any place and even say anything like that for? The people here on this board are trying to pay their debt without running from it. Sure, might be a struggle, but everytime one gets paid, that is one less we have to deal with and yes, might take time and we all might have to put up with a little stuff, for I know for me, paying what I owe will make me feel a lot better than running from it. I hated how I felt filing bankruptcy because I was not able to pay anything, but at the time, that was the best thing for me to do and even today, I feel bad for having to do it, but I did try to pay things before it got to that point, but I never ran away.

Ok, I am going to quit "preaching" now. Having a bad day anyway, so no since taking it out here.

Just a final not, if I were you, I would rethink things and think of the consequences if you get caught.

Posted: Tue Mar 27, 2007 9:41 am

Just what kind of "great job" might you get in Mexico? Might as well move to Brazil, Honduras or any of a hundred 3rd world countries with GNP lower that the city of New York.

And yeah - I am sure some real nice default judgement will go against you while you are gone. Good luck getting back into the country and not being escorted to a 5x8 concrete room.

Posted: Tue Mar 27, 2007 1:51 pm

Why are my post coming up as Steelers?

Posted: Tue Mar 27, 2007 4:45 pm

I think he is just blowing off steam, who would seriously move to Mexico just to escape debt, maybe a crime, but not debt. LOL

Debt and Credit Management	Other financial topics
Debt Consolidation, Management and Settlement Dealing with Creditors and Collection Agencies Get-out-of payday loan help Creditors and collection agency address book Credit Repair, credit score and credit reports Financial education through videos	Additional income, investment, shopping & budgeting Banking including help on chexsystems Identity theft - scams, security and training Getting a Loan and choosing a good lender Dealing with Student Loans US Tax system and impact on debt
Community success stories	Miscellaneous - Hangout forums
Winning stories with debtcc community Stories: How I accumulated debts	Expert articles - Community knowledge bank Debtcc Complaint center Pub, feedback and announcements Funny Videos - Hey you worked a lot, now laugh and relax

*Name:
*Email:
*Phone:
*Zip:
Debt

	* denotes required field

Internet's first get-out-of-debt community - members

Escaping US Debt by moving to Mexico

Members Area

Free Debt Counseling

Ask the community

Question of the week

Useful Links

Highlighted Topics

Recent Blog Post