 Can creditors still come after you even if the 7 years are up? |
| I was stupid when i was young and messed up my credit. My 7 years went by and now my credit is good, but today I got a suprise letter from a collector about $500 dollars I owe from 1998? I just ... |
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 Credit ratings? |
| I have excellent payment histories on my rent, my car (a lease), and am generally good with my finances. I don't carry any debt outside of my reasonable student loan. I only have one credit card ... |
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 I have a credit score of 656 (experian) can I buy a home with this? |
LOCATION: HOUSTON, TX
NEW HOME NO MORE THAN 100K
I HAD SOME LATE PAYMENTS AND CHARGED OFFS THAT I AM TAKING CARE OF.... |
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 Will it affect my credit score if the mortgage is paid late? |
| SOMEONE TOLD ME IT DOESNT AFFECT IT UNLESS IT IS 31 DAYS PAST. SOMEONE TOLD ME IT AFFECTS EVEN IF ITS 1 DAY PAST.... |
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 This might seem like a daft question,but i get really annoyed because as soon as im late paying my credit? |
| card,i have the bank phoning me,even at 10 am on a sunday,its so frustrating,does anyone else get that problem?... |
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 How much will banks typically loan out to someone with no credit? |
| I just turned 18 and I want to build my credit. I have decided that taking out a loan would be the best way to do this. If you have other suggestions, go ahead and try to change my mind! =)... |
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 I need help finding a loan to combine all my payday loans into 1 payment. I have bad credit please help me? |
| Recently I got involved in payday loans, now I just need help to get out of this trap. Do you know anyone who gives loans to people with bad credit. I have made an effort to make good on a lot of ... |
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 What is the difference between Bankruptcy and...? |
| With a (very) low credit score, no financial institution is willing to help me with a consolidation loan based on signature (I have no assets to use as collateral). After having lost my job and ... |
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 I have applied for 2 different credit cards and they both turned me down. do you know why this is? |
Thank you for your recent application for Blue from American Express. After reviewing your request, regrettably, we are unable to open an account for you at this time for the following reason(s):
... |
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 What happens when you get a positive balance in a credit card? |
| So i bought this item online. And that was sometime ago. now the balance for the credit card that i used is 0. What happens if i get a refound sent to that credit card?? ? ? ;-)... |
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 I got a call from a collection agency, should I call them back? |
| They left a robo message with their phone number. I'm pretty sure it's about an old student loan, what should I do??... |
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 The collection agency called my son and when he asked for an address to write them, they refused.? |
| My son wanted to mailed the collection agency a settlement offer and the company said they can't give out the address without a verbal agreement to pay the debt. They wanted an electronic ... |
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 Credit repair? United Credit Association? |
| Has anyone heard of United Credit Association? They are a credit repair agency. I want to know if those agencies are legal and if they really can repair your credit. My realtor recommended it to me ... |
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 Can I use SBI DEBIT CARD for online payment in india? |
| means can I buy anything like watch, t-shirt, jeans etc. online using sbi debit ... |
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 My boss ran my credit without my permission? |
| I just found out that my current boss ran my credit report without my permission after I specifically told him not to. They lied to me to get my SSN and then ran it. My credit score is not good to ... |
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 Free Credit Report Not Free-Stay away and check credit cards!!!? |
| Just found out my Discover card has been charged 25 a month for FOUR years because I used Free Credit Report.com. Seems I was automatically enrolled through CIC. I knew about a 10 dollar a month ... |
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| Credit card debt question options? |
| I have maxed one of my credit cards ($2000). I work full time so I can pay it back over time, but the thought of having that debt on my credit card scares me a little. The minimum payments are $25 ... |
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 Bad credit help!! experiences expertise please. process of a loan and is comfused!?!? |
| Hello fellow members, I am actually looking through this one company www.eastpointlending.com trying to get a personal loan and I have been working with one of the consultant. I have gone over the ... |
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| Credit Cards? |
| I owe two credit cards and they are about 1400 each there is one that charges more interest than the other one. So my question should I pay them equally or pay more money to the one that has the ... |
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Green T i T s | A friend is leaving the country for Spain to start a new life....? |
thing is he's not intending to settle his CC, loan etc. debts before going. According to him no one will bother tracing him for the debts, I've heard different and that the debts are sold to companys who recover the debts. I'm worried he is being far too cocky about all this and in years to come it will all catch up with him. What is the likelyhood ? |
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bizzybee
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It's very likely indeed. He wants to be careful, because he might get to spain, and not like it. He will then be blacklisted for years to come, if he comes back to the UK, and what will he do, when he needs furniture, credit cards, bank accounts, mortgage, and so on. He wants to grow up and pay back what he has loaned, as his life in Spain could backfire on him. |
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bostonianinmo
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It's a global economy, my friend. Many of the big players in the credit reporting industry are big players in Europe as well. Once they figure out that he's an American, it's likely that the US information will flow over to the Euro systems as well.
I lived in the UK for a number of years and was asked to provide a copy of my US credit file in order to get a decent rate on a home mortgage over there. My record was good, so I got the reasonable rates and halved the rate I would have paid otherwise.
If he's moving from the UK to Spain, it's very likely that his credit record will follow him automatically as Span and the UK are both EU member nations. Not much different than moving between states in the US. And if it's not that way today, it certainly will be in the near future.
All that said, it's not your problem. Unless he asks for advice, you should keep you nose out of it. |
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Boomer Wisdom
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Some things about humans never change. To wit:
Never run away from your problems, they'll always catch up to you.
Always.
And if they don't, sounds like your friend will just make new problems for himself, anyway. |
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rayvennn
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It may take time to trace him but years down the road they will get ahold of him and his credit will be shot. |
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goldlock2005
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they will trace him and then he will have more than he currently does to pay back speak to him and tell him if he is struggling to offer the companies £10 a month or what ever he can afford that way he will be OK but if he stops paying altogether your friend will be in trouble.. |
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GOLDILOCKS
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Very creepy ,does your friend know how small the world is !
Maybe he likes running ,also the debt s will get bigger,the longer it goes on ! |
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Candy
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Believe me he will be traced and it will cost him a whole lot more |
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scallywag
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Oh yes, if they think it's worth it, they'll come after him - Spain is not as far as he thinks when it comes to debt owed. Also, if Spain does not work out and he needs to come back here, he'll have those creditors to answer to. I'd suggest he speaks to them - even if it's to come to some sort of agreement while he settles in Spain! |
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