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Personal Loan scam

Submitted by on Wed, 06/10/2009 - 00:14
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Taking a personal loan for 2000 pounds in England and the next month leaving the country and hiding your wareabouts and any traces. let`s say in the EU

what does the bank do after it sees that the account is empty and the acc holder is making no monthly payments?


and please let`s not talk about the morals on such a action as the banking system is imoral itself and preys on the consumer like a vulture on a dying man.


No, the creditors cannot follow you in another country even if you are in EU, because the credit laws differ across countries within the Union. EU is only a Economic and a Political Union and the laws varies across countries. You can go through the following link for more details http://www.debtconsolidationcare.com/forums/about451.html .


Submitted by Carol79 on Wed, 06/10/2009 - 02:49

Carol79

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