Reply to: outstanding balance

[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!

[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.

[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?

[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.

[Doggy Styles]

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

They need to be, to cover all the fraud.

[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

[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.

[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?

[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

[AtW]

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

[lilelvis2000]

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.

[Sysman]

depends on the amounts involved if < £500 GBP then unlikely they
will chase it, if greater they will try to locate you send a few nasty
letters, if no response they will then sell the debt on to the local thugs
who will then come around and beat the tulip out of you .

someone who employs the local burglars to empty your house of all valuables, then disappears without trace. No warrant to seize goods needed, and no requirement to respect laws which say that working tools, cookers etc can't be taken.

Then wait until insurance money has allowed the hapless victim to replace that stuff, and repeat.

[blacjac]

A friend of mine once moved counties without telling Barclycard, owing them about £200.

A few years later a named invitation to apply for a Barclycard dropped through his letterbox, so he filled it in for a laugh.
They gave him a new card with a 5k limit.


7 years on and still no mention.........

[BolshieBastard]

Depends whether he's intending to max out. Credit Card companies 'charge off' any bad debt to agencies who make money tracking the card holder down.

So it depends how much and how far away. Be warned though that most card issuers are worldwide ie visa, mastercard, bank of america (MBNA), amex etc any application in another country could be flagged up depending what's put on the new application form.

At the end of the day though its fraud, isnt it?

[Clippy]

anyone know what happens if you have an outstanding balance on your credit cards and return to your country of origin without paying it?

A friend of mine is in this position, just wondered if anyone knew?

Will eventually get a letter from a debt collection company.