Yes, because it is fraud.
Common sense should tell you you aren't going to escape the long arm of the American financial institutions, who are exceptionally adept at collecting what is owed them and have massive capabilities, even by leaving the country.
After the warrents are issued for you to appear in court about your debts, you'll be wanted in the system just like an alleged child molester, bank thief, etc.(which other countries use too..so even moving around won't be easy). If your convicted in abstenture...well then your a fleeing convict....returning and jail is the least of your problems!
That is fraud and against the law. You will be arrested.
It can no longer get credit
Yes, That Is How Lil' Flip Got Arrested
When leaving the country as much as possible one must have a good standing credit. 0 cards mean bad credit score, which happens to anyone who are stuck in financial crisis due to unpaid credit card debts.
Unless you want to be arrested for fraud, you don't.
no
No but if something happens to the card-holder, like dieing or being arrested, the authorized signer will be made responsible.
pay the bill before you get arrested
yes
Joint credit life insurance is money paid to you or your spouse if either of your are ever arrested on drug charges.
Nothing happens when you pay of an equity line of credit. The equity that you used for your line of credit is now safe.
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