Ask Experts Questions for FREE Help !
Ask
    zeus3732's Avatar
    zeus3732 Posts: 2, Reputation: 1
    New Member
    		  
    #1

    Nov 4, 2009, 01:04 PM
    Are US credit card companies coming after Canadians who can't pay?
    I'm a dual citizen, US and Canadian. I live in Canada. I brought my US credit cards over with me and continued to use them and pay at least the minimum amounts until my sole proprietor business went belly up in March. I'm trying to settle with all of them with what little I've been able to cobble together from liquidating all my assets (down to one car, 401k, savings, etc.). Main question is can/are US credit card companies able to get judgments in Canadian courts against Canadian citizens?
    stevetcg's Avatar
    stevetcg Posts: 3,693, Reputation: 353
    Ultra Member
    		  
    #2

    Nov 4, 2009, 01:57 PM

    Yes.
    zeus3732's Avatar
    zeus3732 Posts: 2, Reputation: 1
    New Member
    		  
    #3

    Nov 4, 2009, 02:18 PM
    Quote Originally Posted by stevetcg View Post
    Yes.
    Thanks Stevetcg. Can you cite any examples or references for this?
    stevetcg's Avatar
    stevetcg Posts: 3,693, Reputation: 353
    Ultra Member
    		  
    #4

    Nov 4, 2009, 02:49 PM

    Common sense.

    Does visa, mastercard and american express do business in Canada? Does visa issue cards to Canadian banks?

    If they have a business presence in your country, you bet the laws are there too.

    Not to mention, you may or may not have noticed but Canada is pretty friendly with the United States and are pretty happy to help out where it can.

    Im not saying it will be as easy to collect, but it can be done if they determine that its worth it.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Credit card companies/collection companies attaching our incomes/accounts. [ 3 Answers ]

I am 72, on Social Security plus a moderate City Retirement pension (local government, Washington state). My husband is 57, disabled, on Social Security Disability and has a small pension from the San Diego Zoo. If we are unable to pay one or more credit cards, can those CC companies, or...

Credit card companies [ 1 Answers ]

What credit card companies use equifax only

Can the credit card companies do anything to me? [ 2 Answers ]

I am married and 56. I do not work. I have 2 credit cards in my name only that I can not pay as my husband has been unemployed for 1 1/2 yrs. He receives a military pension and right now has unemployment but I have no oncome. We own a home together that we are paying on and it has approx...

Ligitmate bad credit or credit card companies [ 2 Answers ]

I have a daughter who needs a computer for school, she has bad credit.who could she go threw to get one she is on a limited income. So she needs small payments. Is there a ligitmate company she could go threw. And not a rental center she can't afford that. Please help

View more questions Search