What happens if i don't pay my Credit Cards bills

johnllew

myvix wrote: »

hi
i got my self big debt, and it's geting bigger day after day,,
i'm going aboad soon for good,,
what happen if i don't pay my credit cards bills??

ultimatly, what happens if i don't pay my bills??

Do you not have any equity in the property you own and refer to in this thread? http://forums.moneysavingexpert.com/showthread.html?p=14167849#post14167849

witches_cauldron

nzseries1 wrote: »

I hope you never want to come back to the country - you may get arrested on re-entry.

Of course he/she won't frickin get arrested. LOL.

Paul_Herring

johnllew wrote: »

Do you not have any equity in the property you own and refer to in this thread? http://forums.moneysavingexpert.com/showthread.html?p=14167849#post14167849

Wouldn't that involve them actually paying off their debts? Clearly not what they were asking about.

NickX

It all depends which country you are moving to.

If the Credit Card company can they will attempt to track you down. They may use the services of a DCA in the country that you move to, although the legality of doing so may be questionable.

If you are only going to France or Ireland, there is nothing stopping a DCA from the UK jumping on a cheap flight for the day to have a word with you.

If you really want to avoid them, perhaps the Amazon rain forest may hold some suitable hiding places

nzseries1

witches_cauldron wrote: »

Of course he/she won't frickin get arrested. LOL.

Well, the airport programmes on television want us to think that people get arrested although I bet the debt has to be quite large.

witches_cauldron

nzseries1 wrote: »

Well, the airport programmes on television want us to think that people get arrested although I bet the debt has to be quite large.

Which airport programmes?

On what charge could the OP be arrested?

HeadInSand_2

witches_cauldron wrote: »

Which airport programmes?

On what charge could the OP be arrested?

Being a !!!!!!.

Volcane

Chances are they'd write the debt off if they could jot find you abroad.

Even if they did trace you and didn't have a foreign business connections there is very little they could do.

If you owned your own property here they could place a charging order on it and would therefore get the funds from the proceeds of the sale if/when that happened. A charging order also prevents you from re-mortgaging. If the debt was large enough and a charging order was placed they could (but probably wouldnt) enforce a sale on the property.

Ultimately if you sat tight and refused to pay and had no assetts and could live without the credit once a CCJ had been placed there's very little, if anything, they can do.

NickX

Volcane wrote: »

if you sat tight and refused to pay and had no assetts and could live without the credit once a CCJ had been placed there's very little, if anything, they can do.

In this instance of having no assets and not being concerned about getting credit for 6 years, then I think bankruptcy would be a better option. At least the debts are written off and there is no chance of any undesirables tracking you down.

The chances are that the debt will get sold off to a DCA and they will go to all sorts of lengths to get repayment even if they have to take a trip abroad.

stebiz

nzseries1 wrote: »

I hope you never want to come back to the country - you may get arrested on re-entry.

I take it that was some kind of joke :rotfl::rotfl::rotfl: