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Comment on What would happen if you maxxed out your credit cards and line of credit then moved to some village in the phillipines?

seathru@quokk.au ⁨1⁩ ⁨day⁩ ago

I kinda did that in the early 00’s. Left the US and told creditors to kick rocks. They basically just wrote it all off. I came back 10ish years later and it was like it never happened. I went to get a loan for a motorcycle when I got back and they told me that since I didn’t have any credit history (wtf?) that it would be a slightly higher interest rate. Now some 15 years after that, I’m a model citizen, credit wise. I’ll save the next time for retirement.

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TheReanuKeeves@lemmy.world ⁨1⁩ ⁨day⁩ ago
Wait what? Did you find out why you had no credit history rather than none? Did you expect some legal issues when you moved back to the US?

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- seathru@quokk.au ⁨1⁩ ⁨day⁩ ago
  No, I’m not sure how it happened. I found some default judgements against me searching threw court records; but it wasn’t on my credit at that point. I did expect to be hit by a surprise garnishment or seized tax return. But they never came.
  
  I’m guessing I fell through the cracks during some data migration. I doubt you could pull that off today.
  
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  - TheReanuKeeves@lemmy.world ⁨1⁩ ⁨day⁩ ago
    Ya I think someone really blessed you lol
    
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- prole@lemmy.blahaj.zone ⁨1⁩ ⁨day⁩ ago
  I think it resets after 7 years, but I could be wrong and don’t know the specifics of how that works
  
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- Ioughttamow@fedia.io ⁨1⁩ ⁨day⁩ ago
  FCRA and the like. Most things will end up being unreportable after about 7 years, but there are exceptions and gotchas
  
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