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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?
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.
What else can I help you with?
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.
What are the implications of moving my 401k to Europe?
Moving your 401k to Europe can have implications on taxes, currency exchange rates, and access to your funds. It's important to consider the potential impact on your retirement savings and consult with a financial advisor before making any decisions.
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.
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 did Alexander Calder get credit for inventing?
the mobile- a moving art sculpture
What happens when my roommates leave?
ASK HE OR SHE WHY ARE YOU MOVING OUT
What happens to rocks that are in moving water?
They are eroded by the water.
What happens if a goldfish is not moving but not floating?
he is probably sleeping
What happens to centrioles during prophase?
moving apart
Why do you not get any credit for moving questions to the bad spelling grammar tier?
That's just the way it is. The website designers did not want to give credit for this.
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.
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.
What happens where plates are moving toward one another?
they callaps
What happens if your cat stops moving?
It died. Sad day.
