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H1 Visa, Leaving the Country with Credit Card Debt, Intend to Pay Off

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  • 06-24-2012, 06:38 PM
    ppss
    H1 Visa, Leaving the Country with Credit Card Debt, Intend to Pay Off
    Hi all,

    I'm in the US on a H1 visa, and am planning to return to my home country.

    The problem is that I have substantial credit card debt which I fully intend to pay, just that I cannot pay it off in full before I leave. I anticipate returning to the US often.

    The question: how can I make arrangements for this? After I leave the country, is it possible for me to keep my credit card and bank account active, or do I have to "forfeit"/default on them automatically if I no longer live in the country?

    If it is legal to keep my credit card and account after leaving the country, should I just leave and continue to pay off the card? Or should I check with my bank to make arrangements of some kind?

    My biggest concern is that if I approach the bank they may get nervous and demand payment in full, and/or make it difficult for me to leave the country.

    Any and all help appreciated. Thanks!
  • 06-26-2012, 12:05 AM
    Mr. Knowitall
    Re: H1 Visa, Leaving the Country with Credit Card Debt, Intend to Pay Off
    If you want to make arrangements with a creditor, contact the creditor and see what they'll agree to do.

    The USCIS does not check your credit.
  • 06-26-2012, 09:01 AM
    LawResearcherMissy
    Re: H1 Visa, Leaving the Country with Credit Card Debt, Intend to Pay Off
    Quote:

    The question: how can I make arrangements for this? After I leave the country, is it possible for me to keep my credit card and bank account active, or do I have to "forfeit"/default on them automatically if I no longer live in the country?
    Generally, credit card issuers don't care where you live, as long as you're continuing to make your payments. I left the country for a year and a half, didn't tell my bank I was going anywhere, and had no problems. I am acquainted with a number of people who spend significant time out of the country who still hold US credit cards. They just continue paying on them.

    As Mr. K notes, the USCIS does not check your credit, so you're not going to have difficulties leaving the country.
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