Overseas Credit Card debt collection affecting credit rating in Canada?
I do live in Canada and I have an outstanding CC debt with a world-renown bank in the UK, but for reasons beyond my control I am unable to make overseas payments. It is not a matter of not trying or wanting to pay, but other reasons are involved...
How could or will non-payment of a European-based card affect my credit rating in Canada? Does the UK bank have any legal possibilities to collect here in Canada, or to take legal action of any kind? Does a Visa or MasterCard debt in Europe affect my card status here in Canada, although the local card(s) are all in good standing?
I appreciate any feedback of info.