Is anyone been found by creditors after stop paying debts?
Answers:
if you dont pay up, they can put a warrant out for your arrest, there is no running from debt, I had a friend who thought if she moved out of state, got married, changed her name it would all go away, WRONG she had like 4 warrants for non payment of bills.
Almost everyone who tries this gets caught. They will use skip tracers to find you and believe me a good skip tracer can find anybody.
The one that I use finds people within 48-hours anywhere in the United Sates.
Nothing much can happen if you are found.
What are you expecting? To be boiled in oil.
They can only enforce payment through the courts! the only way it could be persued if you were abroad were if they were to extradite you. So unless you owe millions - i shouldn't get in a hot sweat over it!
After all, interest is a bet against you defaulting! That is why the more of a risk of defaulting you are reckoned to be - the higher the interest rate!
So the banks have made their money already!
Any one who pays interest on a loan instead of gaining interest on savings is providing banks and building societies with their profits!
They find you and you go to jail for fraud.
i know there is some tracing company who sends postcards from Wales saying hi, not heard from you in ages, give me a call on 0870 ..
as if an old friend would have an 0870 number lol
some of them phone and pretend you have won something to try and get you to verify your details
I'm getting good at finding people using the internet - one you have an presence on the web its pretty hard to make it go away! Obviously the electoral roll and the census are useful as well.
When I can't fnd a debtor I pay £12 to do an initial search for someone - if they have a store card or have filled in a survey or something they will show up somewhere and £75 to use a tracing agent who will call at previous addresses etc.
The company I used tracked someone to Thailand and I contacted a Thai solicitor to sue them in Thai court.
The other answers saying you have to be extradited or arrested are wrong (in the UK anyway) debt is a civil matter and it is the county courts that you will be sued in.
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