Wrath of Creditors

[Chica Yeyé 41]

I hate CC companies. I really do. I don't use CCs precisely because of that.

But intentionally racking up the CCs and then leaving without paying is a master showing of very poor ethics. Nuff said.

[Ban Hammer 13,334]

And now my moral standing has been questioned.....I'm off to mug an old lady.

don't forget to kick a dog and a boy scout on the way.

[Chica Yeyé 41]

And now my moral standing has been questioned.....I'm off to mug an old lady.

don't forget to kick a dog and a boy scout on the way.

and steal a girl scout's cookies.

[scandal 951]

I will stick up for Ellie (Ellie and David) as a good and genuinely nice person.

Like me, she was stuck AP @ NVC, and has devoted much time and energy to helping n00bie VJers who have wandered unknowingly into that unfortunate lack hole.

I do agree with those who think that intentionally leaving behind debts with no intent to pay them is unethical - I'm glad that Ellie and OP and everyone else on this thread seems to agree.

[Twisted K 2]

hmmmmm....

[Usui Takumi 1,562]

Believe it or not I had thought about doing this myself. I thought about uping my credit to 5000 pounds before I left the UK. I didn't do it of course...but I wasn't thinking in terms of thievery etc. I guess you could say I was thinking along the lines of Tyler Durden in Fight Club...ie stick it to the bank.

[daboyz 36]

What I think Gary_and_Alla are saying is that his debt becomes your debt when you are married. His awful credit score, as a result of the maxed out credit cards, becomes your awful credit score. This is going to affect you more than you think. I think you need to stand up to him and protect your financial future. What he is doing is simply reckless. Is this how you want to begin your marraige? Heavily in debt?

Good luck.

I understand that, but debt doesn't follow you across nations- or does it?

Yes it does

No it doesn't I walked away from some debts in Canada and nothing ever showed up on my credit report in the US.

[scandal 951]

No it doesn't I walked away from some debts in Canada and nothing ever showed up on my credit report in the US.

You freeloader, you

How much devastation did you leave behind you in Thailand too?

[daboyz 36]

No it doesn't I walked away from some debts in Canada and nothing ever showed up on my credit report in the US.

You freeloader, you

How much devastation did you leave behind you in Thailand too?

I'm still allowed back into Thailand, however I am banned for life from Canada. I still owe Samitivej hospital some Baht. I send them money now and then. They were good to me. Other than that I am good in Thailand.

I kinda look at it as Canada kicked me out, so I figure that cleared my debts with RBS, Hydro-Quebec, Bell Canada etc. Probably not a good way to look at it, but so be it. Amex Canada got a hold of my phone number in the US and the debt collectors called me with threats. I laughed my a$$ off at them.

[SMR 368]

No it doesn't I walked away from some debts in Canada and nothing ever showed up on my credit report in the US.

You freeloader, you

How much devastation did you leave behind you in Thailand too?

I'm still allowed back into Thailand, however I am banned for life from Canada. I still owe Samitivej hospital some Baht. I send them money now and then. They were good to me. Other than that I am good in Thailand.

I kinda look at it as Canada kicked me out, so I figure that cleared my debts with RBS, Hydro-Quebec, Bell Canada etc. Probably not a good way to look at it, but so be it. Amex Canada got a hold of my phone number in the US and the debt collectors called me with threats. I laughed my a$$ off at them.

Just like money doesn't grow on trees, it also doesn't materialize out of credit cards. It may sound very Robin-Hoodish when you talk about "sticking it to the bank" or paying back the credit card companies, but think about who you are really stealing from.

Essentially all major banks and credit-card companies are publicly traded. They either make money or their shareholders suffer. That probably explains why credit-card rates can run as high as 24% (or higher). They have to pay for all of the crooks who defaulted. So either you are stealing from other customers or you are stealing from the shareholders (probably both). And remember that shareholders aren't just people in suits on Wallstreet. It's anybody with a 401K or IRA or almost any sort of retirement plan.

The same argument applies to utilities, hospitals, and the government (replace shareholders with taxpayers). The economy is global in a very real way so this effect quickly crosses national borders. If you think that this is a small effect, remember that this is really what caused the current crisis. You can blame the banks, but in reality the reason so many banks went under is because too many people didn't pay what they owed. Maybe there were predatory lending practices, but that's why you read the fine-print. Nobody can force you to sign it.

Call this a high-horse if you want, but don't get on a public forum and suggest a plan to indirectly screw everybody on the forum and then expect people to like it.

[viknkam 0]

No it doesn't I walked away from some debts in Canada and nothing ever showed up on my credit report in the US.

You freeloader, you

How much devastation did you leave behind you in Thailand too?

I'm still allowed back into Thailand, however I am banned for life from Canada. I still owe Samitivej hospital some Baht. I send them money now and then. They were good to me. Other than that I am good in Thailand.

I kinda look at it as Canada kicked me out, so I figure that cleared my debts with RBS, Hydro-Quebec, Bell Canada etc. Probably not a good way to look at it, but so be it. Amex Canada got a hold of my phone number in the US and the debt collectors called me with threats. I laughed my a$$ off at them.

Okay, everyone... Thanks- I didn't know this would become such a HOTT Topic!

He always pays his bills, he has been a stand-up citizen, and he intends to pay these bills once he gets a job here in the US. However, he is charging his online billing credit cards? I don't know how it works. I had him explain everything to me. I am asking about the consequences on me. I will be having a pre-nup because I also own a home (but there is a possibility my parents oppose it and in that case I may not have a pre-nup). He has always paid his taxes and everything, so realistically- what can I do now that I know that he has debt and that he will be coming here with debt? And to answer to everyone's doubts- I sent him $8,500 cash for his visa renewal. The UK requires that people applying for a student visa in the UK have a modest bank balance, and he has returned all of my money with interest. He has no enemies and this is a once-time thing that I don't understand, but does not reflect on his character until now. Will he screw me over? NO... because I am and will safeguard my assets. The question is about now...

I feel that a lot of you would have done the same thing, but were worried or scared of the consequences. This is precisely my concern now. I am not asking for a moral critique, but a real analysis of what may or could happen.

(Thanks to everyone who is answering...)

Q- Why were you banned from Canada?

[Chica Yeyé 41]

I will stick up for Ellie (Ellie and David) as a good and genuinely nice person.

Like me, she was stuck AP @ NVC, and has devoted much time and energy to helping n00bie VJers who have wandered unknowingly into that unfortunate lack hole.

I do agree with those who think that intentionally leaving behind debts with no intent to pay them is unethical - I'm glad that Ellie and OP and everyone else on this thread seems to agree.

I know Ellie is good people. Me likey that sistah

[Usui Takumi 1,562]

No it doesn't I walked away from some debts in Canada and nothing ever showed up on my credit report in the US.

You freeloader, you

How much devastation did you leave behind you in Thailand too?

I'm still allowed back into Thailand, however I am banned for life from Canada. I still owe Samitivej hospital some Baht. I send them money now and then. They were good to me. Other than that I am good in Thailand.

I kinda look at it as Canada kicked me out, so I figure that cleared my debts with RBS, Hydro-Quebec, Bell Canada etc. Probably not a good way to look at it, but so be it. Amex Canada got a hold of my phone number in the US and the debt collectors called me with threats. I laughed my a$$ off at them.

Just like money doesn't grow on trees, it also doesn't materialize out of credit cards. It may sound very Robin-Hoodish when you talk about "sticking it to the bank" or paying back the credit card companies, but think about who you are really stealing from.

Essentially all major banks and credit-card companies are publicly traded. They either make money or their shareholders suffer. That probably explains why credit-card rates can run as high as 24% (or higher). They have to pay for all of the crooks who defaulted. So either you are stealing from other customers or you are stealing from the shareholders (probably both). And remember that shareholders aren't just people in suits on Wallstreet. It's anybody with a 401K or IRA or almost any sort of retirement plan.

The same argument applies to utilities, hospitals, and the government (replace shareholders with taxpayers). The economy is global in a very real way so this effect quickly crosses national borders. If you think that this is a small effect, remember that this is really what caused the current crisis. You can blame the banks, but in reality the reason so many banks went under is because too many people didn't pay what they owed. Maybe there were predatory lending practices, but that's why you read the fine-print. Nobody can force you to sign it.

Call this a high-horse if you want, but don't get on a public forum and suggest a plan to indirectly screw everybody on the forum and then expect people to like it.

Thats a somewhat naive way to look at it...sounds like your repeating their press.

[Kathryn41 3,205]

thread closed for review

After review, this thread is re-opened. Insults and personal attacks are a violation of TOS and offending posts - and post quoting same - have been removed.

Edited August 28, 2009 by Kathryn41

[JeremyR 8]

I have some debt back in the UK. Not a lot, measured in terms of low-hundreds (of pounds) but it's there none the less. It wasn't my intention to leave a debt behind and it was my intention to get it cleared off ASAP but that's just the way things work some times. Unexpected expenses in my last few weeks in England and not the easiest financial times Stateside means it's still there. In so far as I can tell, though, it's not affecting my credit in the USA in any way.

I believe (but don't quote me on it) that there are laws which prohibit the export of personal data from EU countries to countries outside of the EU. That would presumably include financial/credit data so to the OP, while what he did can't really be condoned, I think it's highly unlikely to bite him on the backside here. That said, he'll possibly have CCJs entered against him which would make gaining credit in Britain almost impossible should he ever return.