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unpaid credit card (what's going to happen?)

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1 unpaid credit card (what's going to happen?) on Mon May 08, 2017 7:31 pm

anejcruz


Arresto Menor
Hi There, Before I leave the country I got an unpaid credit card but during the time I was there I made an arrangement with the bank to pay it it in terms. I think I still have some 8months that I need to pay for it but I did not manage to finish what I owe because I get hired in here. What is going to happen to my unpaid months? the credit company doesn't send any letter to me from the time I leave the country which is 9years already? Thank you for feedback Rolling Eyes

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xtianjames


Reclusion Perpetua
probably your loan has already ballooned since it was unpaid for 9 years. if you plan to pay this you can contact the bank again but expect an exorbitant amount if they applied interest for the whole time it was unpaid. if not, just hope for the best and expect the worst.

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Jadis

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Reclusion Perpetua
Only the lending institution could answer your question. For restructuring of payment terms for money owed they would always put an escalation clause (i.e. if you default on one or more installments the whole anount becomes due and demandable without need for any further notice or demand) and a penalty for default.

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