Comments on: Can Credit Card Companies Go After You If You Leave The Country?

By: C. R. B.

C. R. B. — Mon, 05 Oct 2009 10:34:15 +0000

Recently Amex has recently cancelled my business line of credit. I continue to pay the monthly bill even though the business has been sold. I receive income from the sold business with which to pay the bill. I am retired and Amex has increased the interest rate so that instead of 300/month interest, it is now 600. I cannot afford to pay this. I have tried to discuss this with them to no avail. Can they pursue me in Mexico? This is not a decision I take lightly, but I don’t have the extra money. I understand that the interest rate was variable, but I can’t afford it. I can continue to pay, but it must be at the old rate and they say NO. I really do believe that credit card companies are creating many of the nonpayment issues by raising the rates arbitrarily.

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Affine Financial Services » Blog Archive » Carnival time — Wed, 17 Jun 2009 01:26:18 +0000

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By: Andrew

Andrew — Thu, 11 Jun 2009 11:51:09 +0000

Although you have the same credit beaureas between the UK and the US (i.e. experian etc), credit does not appear to travel with you. I say this as a British expat living in America. I had a great credit rating in the UK, but had to build one once I got to the US. I have read of many people having frustration with this. Theoretically the same should be true in this chaps situation. However, I would also question his ethics, especially as it effects others who live as expats, and perhaps him if he ever decides he wants to work or perhaps even travel in the US again. I wouldn’t want to get off an airplane in the US if I have evaded a debt, you never know what may follow you. (Orange jumpsuit anybody!)