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Sub: #1 Debt Consolidation - No longer living in US
Replied on 02-08-2010, 10:32 AM
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I was wondering how feasible it is to consolidate my debts into one payment. I am a firm believer of paying all my debts and would like to obtain a lower monthly payment- as well as just one payment per month.

Now that I am in Canada I have many people tell me to just stop paying because creditors will not follow me abroad for under $20000($8200 in credit card and about 11,000 in student loans) but I really want to meet my responsibilities and get a manageable payment.

Would greatly appreciate any advice or information on the matter.




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Sub: #2
Replied on 02-08-2010, 11:09 AM
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Well the student loans can and will pursue you in Canada...there is a US-Canadian agreement that judgements rendered in the US can be executed in Canada. The same goes for the credit cards but they are less likely to pursue you.

Are your student loans federal loans? Or private loans?

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Sub: #3
Replied on 02-08-2010, 11:38 AM
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The student loans are private through Sallie Mae.

I am not looking to avoid my responsibilities as I want to pay all my accrued debts but I want to consolidate all my payments into one lump payment per month. Can I do this through your services?




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Sub: #4
Replied on 02-08-2010, 01:32 PM
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You are going to have a problem with any type of consolidation. You will not qualify for a private loan consolidation while out of the country. And a canadian debt consolidation company wont touch you because you are dealing with US debts.

The border and currency is a big issue to content with.

This board is not a service. It is simply a public message board dealing with people looking at getting out of debt.




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