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Re: So, what happens if I vanish and don't pay my credit cards?


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Posted by J Kelly (151.197.219.238) on December 20, 2003 at 13:10:25:

In Reply to: So, what happens if I vanish and don't pay my credit cards? posted by anon on December 19, 2003 at 23:56:04:

Your accounts will be either assigned or sold to collection agenices in your country where the laws of your country will apply. You will not longer be protected by US Fair Debt Collection law. It might take them some time to find you, but they will find you. So, while they are looking for you the interest and penalties will continue to increase your debt. And you will also have to deal with the money exchange factor. And even if that is not a negative for you, they will charge you for the exchange. You could easily be looking at 20,000 instead of 10,000.
My advice would be to graduate and stay in the US where the law protects you from being hunted and mammed and embarrassed by creditors. Get a full time job (or two) and pay your debts.


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