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

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

anejcruz

Arresto Menor

Posts : 6
Join date : 08/05/2017

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

xtianjames · 2 Re: unpaid credit card (what's going to happen?) Wed May 10, 2017 7:40 pm

xtianjames

Reclusion Perpetua

Posts : 2265
Join date : 13/12/2015

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.

Jadis · 3 Re: unpaid credit card (what's going to happen?) Sun May 28, 2017 10:57 pm

Jadis

Reclusion Perpetua

Posts : 1176
Join date : 23/05/2017
Location : Baguio City

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

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

anejcruz

2 Re: unpaid credit card (what's going to happen?) Wed May 10, 2017 7:40 pm

xtianjames

3 Re: unpaid credit card (what's going to happen?) Sun May 28, 2017 10:57 pm

Jadis

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

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