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    grays2631's Avatar
    grays2631 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Apr 4, 2007, 02:58 AM
    Managed loan
    I am Slovakian. I have a managed loan with HSBC. Can't really pay it.If I go back to my country can the bank track me down? Can they come and ask me for the money I owe? Can they take my parents house? Can they do that?
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #2

    Apr 4, 2007, 06:30 AM
    Not they can't take your parents house unless they co-signed the loan. Yes they can track you down, and yes they can dun you for the money. It would depend on the reciprocity that exists between the countries as to whether they could sue you AND collect.

    So if you want to be a deadbeat instead of trying to negotiate a settlement, then run away.
    slowandeasy's Avatar
    slowandeasy Posts: 353, Reputation: 14
    Full Member
    		  
    #3

    Apr 4, 2007, 07:45 AM
    Quote Originally Posted by ScottGem
    Not they can't take your parents house unless they co-signed the loan. Yes they can track you down, and yes they can dun you for the money. It would depend on the reciprocity that exists between the countries as to whether they could sue you AND collect.

    So if you want to be a deadbeat instead of trying to negotiate a settlement, then run away.
    I agree with Scottgem you should pay what you owe and not run from your responsibilies!
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