News0 min ago
What happens if you leave the country and don't pay your debts?
I am gravely in debt (over �30k from personal loans and credit card) and it's holding me back from what I really want to do, namely teachng English in China. If I just leave and don't come back, what happens? Will INTERPOL come chasing after me or will I just get blacklisted. Is it a criminal offence to run away from debts?
Very grateful for answers.
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I am assuming that you will get into serious trouble if you just leave all your debts and went to China. For one, you will be taken to court for not keeping up with the payments. I would strongly advise you not to do this. Who's to say that you will one day come back to the UK, you won't be able to get any credit, nothing. Being in debt is the worst thing in the world....can't you not consolidate all your loans into one single loan so that the payments are easier?
Good luck in China, and don't look back.