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07-23-2008, 10:52 AM
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#1 |
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Junior Member
Last Online:
07-23-2008 10:58 AM Join Date: Jul 2008
Posts: 2
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FOREIGN DEBT IN UK BUT LIVE IN USA
Can UK debt effect your US credit? Can they enforce debts signed in UK if
sold to US collection agency? I was with AMEX in UK - signed credit agreemnt for UK but I have been told that the debt is being sold to US company. |
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07-23-2008, 01:32 PM
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#2 |
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Posts: n/a
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Re: FOREIGN DEBT IN UK BUT LIVE IN USA
They certainy can but it is cumbersome and more costly so they may or may not do so.
If the debt is large, it is more likely they will. |
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07-23-2008, 02:05 PM
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#3 |
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Posts: n/a
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Re: FOREIGN DEBT IN UK BUT LIVE IN USA
Thank you but this still does not tell me if a UK credit agreement can be enforced in the US as it is a UK agreement - not a US one? Can they report to US credit agencies?
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