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What happens if you don't pay the outstanding credit card debts in the US after moving to Europe for good?
Wiki User
∙ 12y ago
The same thing that happens if you didnt move. CC companies send you deliquent notices and eventually flag the credit reporting agencies. Depending on the amount and the number of delinquencies, you likely would destroy your credit rating.
Once the CC companies determine it is fruitless to try and recover the debt, and after they reported you to the credit bureau's they will write off the debt as a tax loss.
The most important point is if you try and get credit in Europe, the vendor may have access to your bad credit report. Equifax, Experian and Transunion operate in various European countries and others have similar credit reporting agencies.
Wiki User
∙ 12y ago
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Does bad credit follow you from a different state?
Yes, of course. It's linked to very identity, and moving state doesn't make you less of a credit risk. 'Bad credit' is not a thing that follows you around, it's you that is a credit risk.
Do people use credit cards more than cash?
Generally, people are moving toward more electronic means of payment instead of paper money, but these are not limited to credit cards.
Can a moving company charge 5 percent interest for using a credit card?
Yes it depends on the company through which you are making the transaction. Dont use credit cards , always use debit cards.
Can I transfer Canadian Credit score to US?
No. Credit scoring companies in different companies, even if under the same name, do not share credit information from country-to-country due to information privacy laws. You will need to build credit from scratch if moving to the US, however, your Canadian bank can help by providing a reference letter.
If you have too much credit card debt can you move to Canada from the US to avoid it?
As your credit report may not follow you from the US to Canada, you can probably move there and become debt free. Moving back, thou, to the US may be difficult if you are trying to obtain credit as your credit report may have to be accessed and the unpaid accounts may show up.
What happens if you transfer money from your checking account to your credit card?
When you transfer money from your checking account to your credit card, you make a credit card payment. If you do not have a balance owed on your credit card, then you will have credit or a positive balance on your card.
Where in Europe is there migration?
There is migration all over Europe and in every part. However, Western Europe tends to have more immigration (people moving in) versus Eastern Europe, who tends to have more emigration (people moving out).
What happens when the planets stop moving?
Planets can not stop moving, your question is pointless.
What happens when air moving upward rubs against air moving downward?
stuff
What happens when my roommates leave?
ASK HE OR SHE WHY ARE YOU MOVING OUT
What did Alexander Calder get credit for inventing?
the mobile- a moving art sculpture
What happens when a moving bumper car hits another moving bumper car?
your motion stops
What happens to rocks that are in moving water?
They are eroded by the water.
What happens to centrioles during prophase?
moving apart
What happens if a goldfish is not moving but not floating?
he is probably sleeping
What happens when a moving object speeds up slows down or changes directions is it acelleration?
what happens when a moving object speeds up,slows down,or changes direction?
What happens to the velocity of a moving body if you change the speed at which the body is moving?
The velocity changes. called acceleration.
