Please help

[expat1]

hi , new to this so here goes.

 

i desperatley need some help advice on my current situation. Firstly before now I had no credit problems, used credit cards alot over the last 20 years, nearly always cleared the balance the next month, no history of missed payements- thats the background.

 

Moved to Spain a few years ago, at the height of the boom, sadly.

 

in very simple terms life in Spain has not been good, low paid work and subsequentlt cc debts have increased always hopeful that work would turn around. Added to this property value has dropped by 40% plus. Due to recent further reduction in income can no longer service cc monthly payments.

 

I have not asked for a copy of the Credit agreement yet, I am talking to family and friends to see if I can come up with a lump sum to offer F&FS.

My house is worth less than the mortgage and secured loan to the builder.

 

I have stopped paying monthly payments because I have nothing left each month, in fact its only freinds and family who are helping me monthly. I cannot afford to employ a solicitor and sadly as I no longer live in the UK iva does not appear to be an option

 

The questions

 

Should i be asking for a copy of the credit card agreement?

Can a ccj be issued if you no longer live in the uk?

If they sell the debt to a DCA in the UK whta will they do?

If they sell the debt to a DCA in Spain what can they do?

Has anyone had a similar experience, if so what advice can you give from your experience?

 

Any guidance advice would be gratefully received many thanks

 

expat1

[cerberusalert]

Should i be asking for a copy of the credit card agreement?

If they are UK cards yes.

Can a ccj be issued if you no longer live in the uk?

They cannot obtain a CCJ against a non-UK resident, but there are reciprocal arrangements between EU countries where they can take enforcement action within the member States, see; http://www.consumeractiongroup.co.uk/forum/overseas-debt-overseas-account/250889-can-i-sued-overseas.html

[expat1]

thanks I read some of the details on enforcement action, it seemed to exclude credit issues! Have I miss read the article?

 

Thanks

[42man]

Although a company today have been warned against issuing claims when it is outside of the jurisdiction.... - OFT warns credit firms against legal action outside debtors' home jurisdiction - The Office of Fair Trading