dan_UKinNY
New member
I'm a British citizen (early 30's) living in New York with crippling credit card debt - I'm in a terrible state and desperate for a solution. I need to move back to the UK (permanently) in the next few months - but I don't know what to do. Please help!
What are my options if I'm unable to manage the debts -
- Bankruptcy?
- What would happen if i just walked away? (not that I want to do that)
- If I'm in the UK and cant pay - can they chase me in the UK and collect the debts from me there?
A bit of background/detail:
I've been living/working in New York for the past 10 years. I earn a relatively good salary, but over the past 10 years, much to my shame, the reality has been that time I've been gradually spending beyond my means - without realizing the precariousness of my financial situation and the compounded burden of ever higher interest charges and payments.
Current Unsecured Debt (I've never missed a payment):
Credit card debt ~$50,000
Consolidated loans - $25,000
Monthly interest/payments:
Interest - $1,500 per month
With monthly payments of about $2,800
I would be so very grateful for any help or advice anyone can offer.
Thank you!
Dan
What are my options if I'm unable to manage the debts -
- Bankruptcy?
- What would happen if i just walked away? (not that I want to do that)
- If I'm in the UK and cant pay - can they chase me in the UK and collect the debts from me there?
A bit of background/detail:
I've been living/working in New York for the past 10 years. I earn a relatively good salary, but over the past 10 years, much to my shame, the reality has been that time I've been gradually spending beyond my means - without realizing the precariousness of my financial situation and the compounded burden of ever higher interest charges and payments.
Current Unsecured Debt (I've never missed a payment):
Credit card debt ~$50,000
Consolidated loans - $25,000
Monthly interest/payments:
Interest - $1,500 per month
With monthly payments of about $2,800
I would be so very grateful for any help or advice anyone can offer.
Thank you!
Dan