Moving to Canada with US credit card debts!!!Help

[islander]

I know this topic is irrelevant here but I need some help from those who had the same experience. What happens with someone credit history from the US when we move to Canada? I have some credit card debts in the US and I cannot pay it all right now? What should I do? Should I try to settle it or should I move to Canada and try to pay it from there? What happens if I move to Canada and forget about my credit card debts from the US?

Thanks.

 

[khanm777]

US credit histroy is for us and if you dont pay nothink will happen and it mess your us credit thats all.

 

[mahharrouf]

US credit histroy is for us and if you dont pay nothink will happen and it mess your us credit thats all.

I have doubt on your advise. I think they will check your financial record and if you are defaulter, it maye give a negative view to IO or maybe dealy decision or etc. Although, its my personal openion, maybe i am wrong, As OP is saying he/she unable to pay cerdit card but he/she is able to show "Required Amount of Funds" ?


Follow to your input, If finacial record is only for place where you are living thne i think Crimnal record should to be for only which country you are living, no one else should to care of it too

Let see, what seniors says about this, But my personal openion is, try to remove debit record, atleast till your PR, pay them and then take out again after PR if really you are in this kind of Situation. Good luck

 

[islander]

How Am I going to pay if I can't pay. If I could I would. As for the funds, it is all my wife's and it is in my wife's name. Will the CIC check my credit history in US as well? If they will, how would they if they do not have my social security number? What I can try to do is to move to Canada and before moving, I was thinking about telling the creditors I wish to pay and once I establish in Canada, I would start paying little by little. Any advice?

Thanks.

 

[Leon]

CIC doesn't care about your credit history. It's not nice to run away from your debts but it's not exactly criminal if you can't pay. Your credit may or may not follow you from the US. It depends on if anybody in Canada checks your US credit. I have advised people with good credit in the US to bring a credit report and/or reference letter from their bank when they are doing their business in Canada. It saves them starting from scratch. However, if you don't tell people you were in the US, they have no reason to check your US credit. They don't know your SSN if you don't tell them. They will check your Canadian credit and see you have a clean slate.

I've never really not paid my credit cards so I don't know how hard the credit card companies will go after you. I've heard from some debtors that they will just continue to try to collect from you, at least if they know where you are, but if you get away with not paying for 6 or 7 years, they have to write it off.

 

[rascojenkins]

People say some funny stuff on here.How can somebody say CIC will check your U S credit records? Thats the funniest thing I've read this week. LOL

 

[mjsantos]

They will not follow you, unless they know you moved to Canada. How in the world will they find out you moved to Canada? How would they guess it? They would probably think you are in somewhere in the US trying to hide from your debts. Once they can't find you, they will write your debts off. Especially if you have a foreign name and they might think we went back to your country. Since they do not know where you are from, they will stop looking for you and write the debts off for tax purpose. It is just my opinion.

 

[rascojenkins]

Most companies hand over deliquent account to collection agencies who attempt to collect the dept buy trying to call and convince you of the coonsiquences of your dept on your report. That is about all they can do. Many people just change thier numbers and it becomes very difficult for their creditors to reach them.

 

[NewYorker]

Here is my two cents;

Look folks, it is not good to run away from your credit, however if you can't pay, what will you do? You don't pay, no matter you live in US or Canada. Although this is not a best route, but you can go to Canada and start a clean slate, unless you tell Canadian financial institutions or lending agencies your US credit, they can never find out, they cannot go into your Social Security and start reviewing it without you giving them permission as well as without knowing your social, the only way they may find out as you will go to the same bank in Canada, which you owe money in US and open an account and apply for credit, when that bank look in their database, they can find out that you are the same person who owe money to them.

In US it is a civil problem, not criminal, however if you did something purposely, like before leaving you pounded on your credit cards then they can come after you as a credit fraud, but since I am not a expert in this, this is just my guess.

Since you will leave US, you will not have any address/phone number, they will be keep looking for you and the law is 7 to 10 years, after that period is over, they will not bother looking for you.

Also, lets say, if you have to file your last taxes for the US, whatever address you will give to IRS, they will start calling and bothering over there. So you need to consider that while you are gone, which address to give for Tax Returns because you don't want creditors start bothering your relatives or friends for recovery.

 

[NewYorker]

They will not follow you, unless they know you moved to Canada. How in the world will they find out you moved to Canada? How would they guess it? They would probably think you are in somewhere in the US trying to hide from your debts. Once they can't find you, they will write your debts off. Especially if you have a foreign name and they might think we went back to your country. Since they do not know where you are from, they will stop looking for you and write the debts off for tax purpose. It is just my opinion.

They can find out, when you make a draft from a bank for proof of funds, then you go and deposit that draft in Canadian bank, if there are civil issues here in the US, (civil judge can order to look into your accounts) they will find out that you transferred such and such amount to a Canadian Bank, with city and branch name while not paying your creditors.

I am not saying they will find out, but they can.

 

[islander]

Since all my funds are under my spouse's name and she will be the one who will draft the money, I should be safe then?

Thanks.

 

[NewYorker]

As long as your name is not linked to that (spouse's) account.

 

[NewYorker]

US credit histroy is for us and if you dont pay nothink will happen and it mess your us credit thats all.

I have doubt on your advise. I think they will check your financial record and if you are defaulter, it maye give a negative view to IO or maybe dealy decision or etc. Although, its my personal openion, maybe i am wrong, As OP is saying he/she unable to pay cerdit card but he/she is able to show "Required Amount of Funds" ?


Follow to your input, If finacial record is only for place where you are living thne i think Crimnal record should to be for only which country you are living, no one else should to care of it too

Let see, what seniors says about this, But my personal openion is, try to remove debit record, atleast till your PR, pay them and then take out again after PR if really you are in this kind of Situation. Good luck

Not True;

CIC doesn't check the credit history and base that to decide on your application.

Withdrawing funds from CC all of a sudden before you leave with an intent to run away may impose fraud issues with your own credit, its better not to pay if you cant and leave it as it is. If someone take out all money from CC and leave then it can be considered as fraud (if you stay and face hardship then it is not a problem), if it is built over time then it is fine. Beside that if you take all the money in one time and transfer it to Canada, you think IRS will not watch that transaction??

 

[edgy555]

One of the things about moving to Canada for an American is that you start with a clean slate credit-wise. This can be very good or very bad (believe me, it was no fun getting my first Canadian credit card and I still can't get approved for a lousy gas company card even though I own a house here without a mortgage.) In any case, do what you have to do -- there is 0 chance of creditors finding you in Canada unless you leave a very obvious trail. You are not committing a crime. Come here, restart your life in a country that is more supportive than your old one and build the bright future you hope for. Best of luck to you.

 

[GK]

Just for your information - I moved from US to Canada and forgot a $51 balance on a VISA card. The account was closed and the bank had no idea I had moved to Canada. This was almost a year ago. A couple of weeks ago I got a letter from the bank, to my new home address in Canada, with the bill and some late charges. The address was hand written and it was obvious they had done some research to find me. No big deal for me - I paid my balance, but my point is a bank or credit card company will find you if they want to. It's not that difficult. They have enough information about you to track you down.