Huge Debt Problem

Unless you co -signed on their credit/debt you don't have any responsibilty BUT they do and they are still responsible for their debt whether they reside in the good ole US of A or a foreign country. Now with skip trace tatics unless they moved to outer mongolia a creditor will find them is they so choose to pursue. You all can let the SOL run out but that takes over 7 years and if they ever decide to come back to this country to reside then their credit is shot to double hockey sticks. Ilearned from a very early age that it is not good to burn bridges as you never know when you will have to cross that bridge again. Good luck

It's necessary that credit bureaus have yours and parents updated addresses. You may also update it with the creditor because the debt is legitimate and there is no reason creditor or collector should know your irresponsibility. They will anyhow recover the debt as long as it remains within the SOL period. Besides, it will catch up with the fees and other charges as long as it remains due.

I will say, you should ask your parents to put the accounts under some professional debt management programs. You can also do it and make your repayments easier with the creditors. We all go through rough times at a certain period, creditors will understand it and may offer some benefits that will be helpful to you and your parents.

How can they will recover the debt? They have nothing, just few hundred bucks from Social Security which I think it's exempted from garnishment. They are retired and 70 yeard old, I don't think credit score will be matter for them anymore. Someone told me not to bother to update the address since it will just bring me hassle. And it's hard to get served when they are out of country if they get sued.

Well if your parents are over the age of reitrement and out of the country then I wouldn't bother with updating current information for them. I would just make sure that you are protected and that they don't come after you and start harassing you for your parents debt

If I leave here tomorrow Would you still remember me
For I must be traveling on now There's too many places I've got to see

How can they will recover the debt? They have nothing, just few hundred bucks from Social Security which I think it's exempted from garnishment. They are retired and 70 yeard old, I don't think credit score will be matter for them anymore. Someone told me not to bother to update the address since it will just bring me hassle. And it's hard to get served when they are out of country if they get sued.

hi! ive been a paralegal at a debt collector law firm for 6 years and there is no way you should update any information with the creditor....they cant sue them if they dont know where they live...you can tell the creditor they moved back to the country they moved to..dont give them any address and also if you get mail for them send it back mail return with no forwarding address..the creditor will give this to an atty to sue and if they have no address or info where to find them they will not sue...attys are only can practice in certain states if they have a license there...stop paying those for them...also call ftc or a local atty and find out what the sol...statue of limitations is...each state is diffrnt...once it passes the sol they can no longer collect on it unless they get a judgement on the file then its good for 10 yrs and the creditor can refile the j for another 10 yrs

dont ever give any work information out or bank information out to a law firm or collection agency...they will garn your bank and job...each state has diffrent poverty guidelines and they cant take there ssi from them but they will garn the bank account but will have to return any ssi or disability or pension...but if your on the account they can take your money if you put it in there