Credit Card Debt In America

what will the creditors in america do since i am already living in singapore? what will happen?

The poor US tax payers will end up eating your debt. Thanks a lot. It will however, ruin your credit for the future. So, if you ever plan on returning, don't expect to get any more credit until you have paid off you past debts. Even then it will be hard. My advice is to stay where you are.

2008-02-22 15:35:51 by carriebaby

Studies show that black people are shouldering a disproportionate burden of the nation's credit card debt, and thus are among those consumers ...

I'm not interested in what balance the average American carries. I'd like to know our collective credit card balance.

Non, commercial, non collateral based (not cars/mortgages) revolving loan (credit cards) was at $914 BILLION dollars last year.

It has gone up steadily because the majority of banks raised (tripled) interest rates on those that pay to make up for those that are just walking away from their debt.

I would bet we are over a trillion, but it is being kept from us to keep us all in the dark.

We are the stupidest, brokest, country on earth.

need more proof?

2008-10-01 09:57:39 by Joey

Price: $9.95

Does America have an extradition treaty with any countries for people with credit card debt who have left the country or is credit card debt something you can get away with if you leave the USA without fear of anyone coming after you?

Unless fraud is proven, credit card debt is a civil matter. They will not extradite for that. At best, they would have to find you and sue you in your new country.....but then collection is next to impossible.

If you plan on coming back...well...that's a whole different matter.

2008-08-19 23:11:29 by SMWC

Price: $71.00 $66.94

If you have settled credit card debt with Bank of America, what percentage of the total balance did they accept? My first offer from them was 50%. Thanks!

Look, there is a certain department there that goes as low as 20 cents on the dollar. Email me or send me a message and I will tell you how. How many days are you behind though?

2008-08-21 11:43:13 by Lori F

I owe Bank of America some money from credit card debt, but I am currently enrolled in a debt management program, that told me not
to take any calls or make any payments. I recently received a phone call from someone saying a civil claim is going to be filed against me for this debt. How do I know if this is legit or not?

They can threaten you with lawsuits and they can even sue you for real. But they probably won't unless your balance is pretty high, like well over $10,000. It ends up costing them more in legal than it's worth and they have no way of knowing if you even have the money. So paying to get a judgement against you when you have no way of paying makes no sense.

2008-10-28 12:22:54 by cinlou114