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    ironman30's Avatar
    ironman30 Posts: 1, Reputation: 1
    New Member
     
    #1

    Jun 6, 2011, 10:37 AM
    Credit card
    Hi, I have been living back in the UK for 7 years. I am unable to pay my Canadian credit card of $6000 Cdn balance. I have no assets. Will I only receive a bad credit rating or can do they do something else? I'm not likely to live back in Canada again.
    Thanks
    JudyKayTee's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
    Uber Member
     
    #2

    Jun 6, 2011, 12:37 PM

    If you have not used the credit card in 7 years the Statute to collect has expired. Yes, this will go on your credit report. If you are a citizen of the UK this could prevent you from re-entering Canada.

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