Jump to content

Credit Card Debts when living overseas

style="text-align: center;">  

Thread Locked

because no one has posted on it for the last 2490 days.

If you need to add something to this thread then


Please click the "Report " link


at the bottom of one of the posts.


If you want to post a new story then


Start your own new thread

That way you will attract more attention to your story and get more visitors and more help 



Recommended Posts

Help please


I have 2 credit cards that are 10K and 8K respectively -

neither have ever had PPI and I don't believe i've ever been late or been charged any penalties.



I have paid the min payment for many years and managed to reduce the balance a small amount over the past 6 years,

but not very much due to min payment vs interest


Is there any way I would be able to reduce the balance on the grounds that I've paid a small fortune in interest,

probably many times above the amount owed - maybe on the basis that I have paid vast amounts in interest over many years?

Or does it just not work like that - do i have to go down the default route to get anywhere.


I have been non resident in the Uk for nearly 2 years and live outside of Europe/USA.

Link to post
Share on other sites

Ouch, you are probably one of the customers, they love to have - you are earning them a fortune. The only way you will get them to cease adding interest would be to default on the account and even that is not a given.

Have we helped you ...?         Please Donate button to the Consumer Action Group


Uploading documents to CAG ** Instructions **


Looking for a draft letter? Use the CAG Library

Dealing with Customer Service Departments? - read the CAG Guide first


1: Making a PPI claim ? - Q & A's and spreadsheets for single premium policy - HERE

2: Take back control of your finances - Debt Diaries

3: Feel Bullied by Creditors or Debt Collectors? Read Here

4: Staying Calm About Debt  Read Here

5: Forum rules - These have been updated - Please Read





2: Does your Bank play fair - You can force your Bank to play Fair with you

3: Banking Conduct of Business Regulations - The Hidden Rules

4: BCOBS and Unfair Treatment - Common Examples of Banks Behaving Badly

5: Fair Treatment for Credit Card Holders and Borrowers - COBS


Advice & opinions given by citizenb are personal, are not endorsed by Consumer Action Group or Bank Action Group, and are offered informally, without prejudice & without liability. Your decisions and actions are your own, and should you be in any doubt, you are advised to seek the opinion of a qualified professional.



Link to post
Share on other sites

Do I have any leverage from the fact that I am no longer a UK resident and (in theory) could simply stop paying. If I were to offer say 50% of the debt as a one off, would they likely be interested in accepting - they know I'm no longer in the UK and have an overseas address

Link to post
Share on other sites

You could do, but then that would be debt avoidance and CAG does not condone such actions.

Any advice i give is my own and is based solely on personal experience. If in any doubt about a situation , please contact a certified legal representative or debt counsellor..



If my advice helps you, click the star icon at the bottom of my post and feel free to say thanks


Link to post
Share on other sites


  • Recently Browsing   0 Caggers

    • No registered users viewing this page.

  • Have we helped you ...?

  • Create New...