16
Jul

i have had a very very bad run i have a huge debt and no possible way to pay if i move to england what will happen to my debt here will it ever die or is there any thing i can do before i get comments about not getting into debt in first place originally i could afford my debt and due to a lot of bad luck i cannot afford it now any help is greatly appreciated


Answer:
I'm not quite sure how the credit agency reports to other countries but I do know that things show up on your credit report for years.. Things do charge off but still show up on your credit as a charge off. This happens after the debt has went unpaid for 7 years. I have had bad debt and never thought I would be able to take care of it but fortunately I have been able to… Just remember, that even with bad debt you are a good person and things will get superior. best of luck if you move.

Answer:
If you move to the UK, are you going to become a citizen there so you can remain in the UK forever and not return to your native country to face your responsibilities?

Just some food for thought.

Now if you were going to move and you knew it would work out, you could sell your car here (or other possessions you might not transport across the pond) and offer it to your debtors as a full settlement… but then they might figure out where you've gone.

Truly I don't know that they couldn't harass you for the money there. Worse case, they get a warrant for your arrest and if you come back home, you get picked up for a court appearence.


Answer:
REMEMBER BANKRUPTCY IS AN OPTION BUT DO RUN FOR IT IT WILL JUST MAKE YOU CRAZY.

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This entry was posted on Wednesday, July 16th, 2008 at 3:53 pm and is filed under Personal Finance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or TrackBack URI from your own site.

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