We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Moving Abroad with debt
Comments
-
paulw wrote:what kind of debt is it? if it is unsecured surely that is juat what it is. They gave you money with no guarantee of getting it back, their risk. If you have a home in the us, unless you intend to borrow more money who cares about a bad credit score. It seems to me that this is the only threat unsecured creditors can use. I have a mortgage, several sources of self employed income and several bank accounts so why would i need a good credit rating anymore?
I think you have missed the point - he will not get away with it and will be pursued for the money even in the US and will have to pay it back. Also there are a lot of things especially in the US that are driven by our credit score - to say you don't need anymore credit is overly simplistic.
Also no such thing as an unsecured debt - it can all be secured on property etc through the courts.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.2K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.3K Spending & Discounts
- 247.2K Work, Benefits & Business
- 603.8K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards