Hi all,
I was hoping I could get some advice and facts about my situation as I am extremely worried and I have been very wreckless with credit card debt.
I'll try to keep this as brief and to the point as I can.
I had a few loans over the years, all under 10k, which were paid off with no problem, all with one of the major banks. I have a credit card for a couple of years and was making payments on that the whole time too...
Anyway, I moved to another country and have been out of touch from the bank for about 7 months. The problem is, my debt spiraled on my card, and I have not made a payment for about 6 or 7 months.
My credit card limit was c.4k, and in the 6 or 7 months I didn't make a payment the card was never cancelled by the bank and I was allowed to withdraw money from it (and work over here wasn't going much better, so I had no choice) and I kept taking money out....so the bank allowed me to wrack up debt well above my "agreed" amount or credit limit of 4k, up to about 200% above that amount before it was cancelled and I could no longer take money out on it.
Now, I don't suggest I'm not completely responsable for this debt and my own stupidity got me here, but my first question is, is there some sort of irresponsible lending and / or illegality of the bank giving me acsess to so much cash, so above my limit, for half a year when it was abundantly clear that they had no way of contacting me, I was not going to make contact, I was abroad, (could have been stolen?), and they allowed the amount to grow until it exceeded the c. 6k mark so that they could look for a judgement in the circuit court as apposed to the district court?
Ok, secondly, I have made no contact in all this time, not to make any arrangement, and the bank has been unable to contact me. Should I come clean and contact them now? I still have little or no payback power at present and my income is very staggered.
Also, once they get this judgement, if I was NEVER to get in touch with them, could this become a criminal issue where my arrest back home could be warrented or even be given a criminal record in my absence?
I'm really really worried about this and know how stupid I've been, but I've been trying to sort everything out and I'm just way in over my head now and don't know what to do..
Thanks for any help and any advice would be massivley appreciated.
Thank you.
I was hoping I could get some advice and facts about my situation as I am extremely worried and I have been very wreckless with credit card debt.
I'll try to keep this as brief and to the point as I can.
I had a few loans over the years, all under 10k, which were paid off with no problem, all with one of the major banks. I have a credit card for a couple of years and was making payments on that the whole time too...
Anyway, I moved to another country and have been out of touch from the bank for about 7 months. The problem is, my debt spiraled on my card, and I have not made a payment for about 6 or 7 months.
My credit card limit was c.4k, and in the 6 or 7 months I didn't make a payment the card was never cancelled by the bank and I was allowed to withdraw money from it (and work over here wasn't going much better, so I had no choice) and I kept taking money out....so the bank allowed me to wrack up debt well above my "agreed" amount or credit limit of 4k, up to about 200% above that amount before it was cancelled and I could no longer take money out on it.
Now, I don't suggest I'm not completely responsable for this debt and my own stupidity got me here, but my first question is, is there some sort of irresponsible lending and / or illegality of the bank giving me acsess to so much cash, so above my limit, for half a year when it was abundantly clear that they had no way of contacting me, I was not going to make contact, I was abroad, (could have been stolen?), and they allowed the amount to grow until it exceeded the c. 6k mark so that they could look for a judgement in the circuit court as apposed to the district court?
Ok, secondly, I have made no contact in all this time, not to make any arrangement, and the bank has been unable to contact me. Should I come clean and contact them now? I still have little or no payback power at present and my income is very staggered.
Also, once they get this judgement, if I was NEVER to get in touch with them, could this become a criminal issue where my arrest back home could be warrented or even be given a criminal record in my absence?
I'm really really worried about this and know how stupid I've been, but I've been trying to sort everything out and I'm just way in over my head now and don't know what to do..
Thanks for any help and any advice would be massivley appreciated.
Thank you.