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Possibly. Although creditors cannot force the collection of debts (lawsuits) outside of the US it is not necessarily true that a person's credit history cannot affect them outside of the US. Most large US banks now have branches all over the world, therefore if you applied with a lending institution of that type your US credit history could be accessed.
US foreign debt is now over 4.5 trillion dollars a year. China holds a majority of the US foreign debt.
If you move from Canada to the US and have bad debt in Canada will it effect your credit in the US?
As of 2/28/12, the debt per US citizen is $49,208. The debt per US taxpayer is $136,190
We hvae about $3,000,000,000,000 or $3 Trillion in debt =[
The European Union (EU) faces a serious debt crisis, and it is not yet resolved
Houses and debt in crisis
The European Union is important. It contains the largest economy of the world, is a major partner of the US, is considered a global superpower, and contains almost 10% of the world's population. The EU is crucial to global marketing success, which is why the European debt crisis is affecting not only Europe, but many countries worldwide such as the US and even China.
"US credit crisis starts because too many people are in debt, including the US itself. Credit is sometimes easly obtained but hard to repay."
It started in 2008 but it was only until the end of 2008 when it intensified.
Front Page with Allen Barton - 2009 Debt Crisis What Will a U-S- Credit Rating Downgrade Mean for for the Rest of Us was released on: USA: 29 July 2011
Helped Americas economy
Yes
refused to alter the payment schedule of debts owed by European nations to America
The United States emerged from World War I heavily in debt to European nations.
us federal debt in 1850
us federal debt in 1850