outstanding balance

[Platypus]

It's not suprising credit card rates are 20%+.

Indeed

But annoyingly the "average" rate is still below 20% due to the number of people still on 0% deals

Credit card debt is a hidden problem for the UK and the New Year will see this come home to roost

[NotAllThere]

Go for it! It is fraud..But I know of a lot of young Asian lads that do it. Fly off for two years and then come back. Never chased up.

Does the fact that they're Asian have anything to do with it... or am I missing a subtle point?

[DimPrawn]

Does the fact that they're Asian have anything to do with it... or am I missing a subtle point?

I think the OP means that the chances of it being followed up somewhere like Bangladesh/India/Pakistan is unlikely. They have bigger things to worry about.

I would guess the chances of being pursued depends on the amount and where you go to.

[EternalOptimist]

Does the fact that they're Asian have anything to do with it... or am I missing a subtle point?

they all look the same innit

[Doggy Styles]

It's not suprising credit card rates are 20%+.

They need to be, to cover all the fraud.

[AtW]

They need to be, to cover all the fraud.

They should be getting the fraudsters into jail, and instead they prefer to factor this into price - typical banks attitude that got economies into current problems.

[AtW]

I think the OP means that the chances of it being followed up somewhere like Bangladesh/India/Pakistan is unlikely. They have bigger things to worry about.

That would actually be very bad place to hide - most certainly anyone who travels there is red flagged, voice calls there are intercepted and missile armed drones are flying above - maybe after Taliban is defeated they will be contracted out to the debt collection companies?

[lilelvis2000]

Does the fact that they're Asian have anything to do with it... or am I missing a subtle point?

NO.. I meant to say that this kinda thing is being done all the time. Though I would say that moving outside of the EU would almost guarantee that the debt would not be chased.

Its just that I work in a Asian area...and all these young lads talk about is committing fraud and then flying away for two years. Ya gotta admit these lads are brave and bold.

[lilelvis2000]

That would actually be very bad place to hide - most certainly anyone who travels there is red flagged, voice calls there are intercepted and missile armed drones are flying above - maybe after Taliban is defeated they will be contracted out to the debt collection companies?

I would think the taliban would make excellent debt collectors!