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TheUKerInMi

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  1. Thanks for the quick reply! Much appreciated! If I mail them to notify my change of address immediately (I can use a PO Box in the US), before my next payment is due and provide them an email address, do you think this would adequately reduce the collection calls / letters to my folks? I can take care of this pretty easily. Would doing this also stop the banks raising a CCJ against me, which I gather is illegal as I'm not a UK resident (which is easily proved), thus saving me the hassle of having to fight it later.? I will obtain one asap. Did some quick research, 6 years in Michigan I believe. Additionally, my one card is now with Barclaycard (was Egg before the take over), if I don't pay Barclaycard, are they likely to withdraw from my current account with Barclays? I have a about $2GBP in there now, but a 700 overdraft... What can I do to avoid this? Will stopping all Direct Debits be enough? Also, can any of this affect my parents credit rating, or affect their lives in anyway? My assumption is NO, as they did not counter sign any of my debt and none of this is theirs. I just want to make sure I don't somehow screw them over, this is my prob. not theirs! Thanks again!!!
  2. Hey All, Looking for some advice on how to proceed. I have been a full time permanent resident in the US (Michigan) after relocating over here for work 6 or 7 years ago. I am full time permanent resident as of 2006. When I moved over here, I still had an old car loan (which is now paid off), student loans (paid off) and two credit cards, one with Egg (8k ish )and one with Halifax (4k ish). I send money back each month to a UK Barclays account and pay by direct debit but can only afford minimum payments. I'm stuck as I can't get a loan in the UK to cover them, I can't do balance transfers to 0% cards again as I'm not in the UK, but none the less, I have maintained paying them on time, every time. My UK mail still gets sent to my parent's UK address. I have no intention of returning to live in the UK. I am now in a position that I can no longer afford to make these repayments in the UK and will have to stop making payments. How should I handle this? I don't want my folks back home to be bombarded by credit agencies or the banks. Is there any course of action they can take that can affect my US credit score, or my life in the US in general. I have read in other posts that they cant impose a CCJ on me once I notify the banks of my change of address and that there's no reciprocal agreement between the US and UK so they would not be able to successfully recover from me here (not that I have the money or assets for a recovery in any case). Is all of this still true? How should I proceed? Send them a letter with my new address and then just not send any more payment and ignore all correspondence? Has anybody else gone through this? What sort of time frame am I looking at to go through all this? Greatly appreciate all your help on these fine forums!! Thanks
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