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Hi, I've gone into a bit of credit card debt that I cannot pay. 4 separate cards totalling around 25k. Amex has just emailed me saying that my account has been transferred to Zwicker & Associates for collections. I have basically no assets, just a cheap old car and household items. I moved out of the country a year ago and unfortunately have had trouble with work due to Covid and starting over here, so I ran up my credit cards. How should I respond to the coming collection letters and what are my options from here? Thanks so much.

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On 2/10/2021 at 11:21 AM, Ilcasdy said:

Hi, I've gone into a bit of credit card debt that I cannot pay. 4 separate cards totalling around 25k. Amex has just emailed me saying that my account has been transferred to Zwicker & Associates for collections. I have basically no assets, just a cheap old car and household items. I moved out of the country a year ago and unfortunately have had trouble with work due to Covid and starting over here, so I ran up my credit cards. How should I respond to the coming collection letters and what are my options from here? Thanks so much.



The question is are you planning on coming back? if not as long as you don't have US based bank accounts or investment accounts, nothing they can really do unless you work for an American company that gets paychecks from the states.  They may try to place a lien on your cheap old car which i doubt is a huge worry. So you should be safe, not much they can do for credit card debt. It's not like Korea where they literally come and take your household items.

The court cannot force you to pay credit card debt if you're living overseas, but creditors can go after any money you leave behind in a checking, savings, or investment account. And if you continue working for a U.S.-based employer, they can garnish your wages

 

 

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