loans and credit cards tho India for good...

[nildesparandom]

1 hour ago, BillMarkSteve said:

In case...US lo loans and credit cards tho.... India for good velli....

after 3 to 4 months US return avvacha....on eeeh1b....

say client deggara contract undadhu...and not paying minimum balances on credit cards and loans....even car loan kuda kastam....

after staying in India for 3 to 4 months....malli c2c project interviews thiskuni....contract vachaka....eeeh1b extension file chesi....eeh1b stamping ki velli....US return avvacha ?

POEeee or stammmping time lo...emi prob undadha ?

arey bhai min balance entha untadi naayana edo 30$...3 to 4 months antunnav...pay chesthe ee lolli undadhu kada

[srshb445]

5 minutes ago, just2deal said:

Sorry..forgot to post aother imp update:

Now credit bureaus have started  sharing credit info internationally ,so the credit history info will be available to check by lenders in other countries

Say,you go back and settle down in India and after few days you appy for credit card

The bank checks your credit scrore (CIBIL is only credit bureau in India and is joint venture with Transunion)..and CIBIL can matching your info with Transunion worldwide database and pull credit history from wherever in the world you have

[I am the live example:

I have credit files/history in US,India and Canada.Recently I applied for a credit card ,while in UK .I have zero credit history in UK.Still bank was able to approve me, based on the credit history in US and Canada.The guy at the bank showed me his computer screen which showed my add and other info in US and Canada]

 

So be prepared for consequences in future befre attempting to default

It is easy to survive in US with out aram and a leg..but very difficult with out good credit.

 

 

 

How canncrrdit history in on country linked to other country........us credit history tho India lo cc's ela istaru......i don't think it is possible 

[papampasivadu]

1 hour ago, BillMarkSteve said:

yaa...vachaka...mellaga loans re-pay chesi...within a year or so...malli score stable chesukovachu...

is that possible ?

Nope...your missed payments and delinquency will stay on records for the next 7 years...Makku galla laga cash meedha bathakadam ee inka..

nakoka paatha roommate unde vadu...tellodu...education loan kattaleka bankruptcy file cheskunnadu...ika no credit cards, no car loans etc...anthaa cash ee use chestadu 

[just2deal]

6 minutes ago, srshb445 said:

 

How canncrrdit history in on country linked to other country........us credit history tho India lo cc's ela istaru......i don't think it is possible 

Depends on the banks.I don't know hwo it works in India.

But I know citi,hsbc and amex in India have ability to check your credit score /profile anywhere in the world.

 

[just2deal]

3 minutes ago, papampasivadu said:

Nope...your missed payments and delinquency will stay on records for the next 7 years...Makku galla laga cash meedha bathakadam ee inka..

nakoka paatha roommate unde vadu...tellodu...education loan kattaleka bankruptcy file cheskunnadu...ika no credit cards, no car loans etc...anthaa cash ee use chestadu 

education loan is not covered in bankruptcy

You have to pay education loan even if you file for bankruptcy

 

[papampasivadu]

48 minutes ago, just2deal said:

education loan is not covered in bankruptcy

You have to pay education loan even if you file for bankruptcy

 

I guess that rule came in the last 10-12 years...ma vadu ippati student kadhu le...jamana lo

[tokkalogola]

5 hours ago, just2deal said:

Not worth

Cos,if you have bad credit and defaults

You will have problem in future

1)You will not get any sort of loan, credit card ,Mortgage or even a bank account

2)Your insurance rates will skyrocket

3)Will be turned down from leasing aparment

4)Can not get a phone ,internet or cable without full deposit

5)May fail in employment background checks

6)Your creditors can sue you when ever you are back in US (they can track your address based on your SSN and employer info reported on credit)

--------

 

Best option is to file for bankruptcy and start from fresh

(But Bankrupcty may or may not be approved if you are doing interntionally as they check your past 1 year earnings and liabilities)

Note:Immigration has nothing to do with credit and will not effect you at PoE

 

 

 

Baga seppavu brother..