Running away from my debts
Date: Tue, 07/08/2008 - 12:07
I don't really like running from my debt but i cant afford to pay it at the moment.
I think if you have the means you should make good on your debts
I think if you have the means you should make good on your debts. With that said I think which country you go to will have a different affect on your debt. For example, if you go to N. Korea where no U.S. law applies and no free world bank exists then I doubt the banking system will bother you but if you go to Canada which has many similar laws and a bunch of the same banks as the U.S. then you might still get collection calls if they find your number.
Depends on how long you lived at the new place and what kind of
Depends on how long you lived at the new place and what kind of financial transactions you made there. If you move somewhere new and apply for new debt then your current information would end up on some kind of credit report like the US has. This could especially turn out bad for you if for example, you owed MBNA 10k and you moved to Canda and applied for new credit with Canadas branch of MBNA unknowingly. Also if you got a phone in your name I suspect it would be listed in some fashion. I do think it would be hard for most collectors to find you,though, especially if you are somewhat careful with your new location. Again, depending on which country it could prove to be impossible to find you.
I personally wouldn't worry about the pay day loans by the way.
I personally wouldn't worry about the pay day loans by the way. Those guys would probably never find you outside of the country and those loans are BS anyways. In my opinion they deserve every loss they get when someone skips town on them.
Quote: You can never hide. I don't agree with that stateme
Quote:
You can never hide. |
I don't agree with that statement at all. You can easily hide form collectors calls and never leave the U.S. if you really set out to do it. All you have to do is get your contact info changed and keep it unlisted. The biggest step to take is getting rid of your home phone number or getting a new one and keeping it unlisted. This only stops the calls though and does not eliminate the possibility of being sued. If you move to a new country then you might even eliminate the chance of being sued depending on the country. A contract signed in the U.S. means nothing to most countries so if a creditor tried to sue you they would have to do it state side but what good is that really.
You could return to the US to find a default judgement waiting f
You could return to the US to find a default judgement waiting for you.....
Just a thought.
id only be back to visit relatives, friends family. not like i c
id only be back to visit relatives, friends family. not like i can be detained for having a judgment against me.
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i wouldn't assume that,they can gleen alot of info from passports these days.you might be unpleasantly suprised.
hey paulmergel, do you know if emerald marketing is legal/licens
hey paulmergel, do you know if emerald marketing is legal/licensced. i think i going to try and pay these guys.
Quote: You could return to the US to find a default judgement w
Quote:
You could return to the US to find a default judgement waiting for you..... Just a thought. |
If the amount is over 5k I am pretty sure they would end up with a default judgment. If it is under 5k then I would give it a 50/50 shot. The payday loans might get a judgment too even for small amounts. I was just under the assumption that they were leaving and never coming back to work in the U.S. again. As long as you never had assets inside the U.S. then the judgment won't do them any good. A judgment is only good if you work here or have assets here.
I recently read an article about a con artist that stole millions from people in the U.S. He got a ridiculously short jail term of like a year and was ordered to pay some restitution. The IRS and some other agencies and groups of people tried to go after this guys money but he had it offshore in some little island country that was probably created just to protect dirty money. The IRS formed a corporation on the island and tried to sue the man but lost due to the SOL that was set up by the island. The SOL was around 1 year which ran out while the man was serving his jail sentence. Anyway the point of this account is to show how little effect our laws have in other countries.
Leaving the country or dropping "off the grid" will likely toll
Leaving the country or dropping "off the grid" will likely toll the SOL in the state you live in so if you don't come back to a default judgement, your creditors will still likely have legal standing to file suit.
