Debt collection abroad
Date: Sat, 07/03/2010 - 12:26
These questions concern $8000 in debt to Chase, a credit card company.
1) What are their chances of collecting US debt after the debtor moves to a European country? How is it done, and what obstacles would they face?
2) What are the consequences of visiting in the US with outstanding debt where payments have ceased?
3) Can they freely accrue interests and pile fees on top and let the whole thing fester for 6 years, then take legal action before the debt expires?
4) Are there realistic chances of renegotiating the debt, or is that a fairytale scenario?
This debt is not my own, and I will have to assume responsibility for part of it. Moving will not be done for sake of escaping debt, it's an obstacle that's preventing us from living together. Thank you in advance for any helpful answers, feel free to elaborate if there are issues about the situation I haven't covered.
1) What are their chances of collecting US debt after the debtor moves to a European country? How is it done, and what obstacles would they face?
2) What are the consequences of visiting in the US with outstanding debt where payments have ceased?
3) Can they freely accrue interests and pile fees on top and let the whole thing fester for 6 years, then take legal action before the debt expires?
4) Are there realistic chances of renegotiating the debt, or is that a fairytale scenario?
This debt is not my own, and I will have to assume responsibility for part of it. Moving will not be done for sake of escaping debt, it's an obstacle that's preventing us from living together. Thank you in advance for any helpful answers, feel free to elaborate if there are issues about the situation I haven't covered.
Why would a credit card debt be an obstacle that prevents you li
Why would a credit card debt be an obstacle that prevents you living together??
If the debtors leaves the US, the statutue of limitations will toll, meaning the clock stops ticking while out of the country. Yes the interest will continue to accrue. You will not be able to "assume" someone elses debt...you can make payments on it, but it will not be under your name.
