I have Credit card debts about $40k but have to leave the country now?

I have a total of about $40k in credit card debt but have to leave the country due to some family situations back in my country. I have a good credit history of 10 years and never even had a late payment. But now I am in a situation to quit my job and leave the country and I have no way of pay off all the debts. With out a job I cannot even make any monthly payments but I have some assets in my country to live. I do not want to just walk off with so much debt (Not a good thing) but I need some options what is the best thing to do.

I own a house and my original plan was to sell the house and repay the credit cards with the profit. But with the current market, the price is less than the mortgage we owe.

I need some advice please

I have Credit card debts about $40k but have to leave the country now?

You are deeply in debt without a job and no assets? Good thing you are leaving the country. Lucky for you, your creditors cannot collect from you as long as you reside outside of the US.

I have Credit card debts about $40k but have to leave the country now?

You have credit card debt, and you wan to pay it off as quickly as you can. We will assume that you are going to stop creating more debt. You have changed your ways. You also understand that paying credit card%26lt;!--balances with a consolidation loan or rolling it into a mortgage isn%26#039;t paying it off. In fact, paying a lower interest rate, but paying on the debt for many more years, usually means paying much more, not less.Okay, so you really want to be rid of that credit card debt.

http://bestcreditcards.freehostia.com/Cr...

First, you have to understand that not all debt is the same. Of course you know this. Some of your cards have a higher interest rate than others.Find and budget the money to start paying down those balances. If you order pizza every week, for example, you may be spending $60 or $80 per month right there--%26gt;If you are serious about getting those debts paid, you may have to eat $4 frozen pizzas for now. Do what you have to do, and determine how much you can apply towards the debt each month.

I have Credit card debts about $40k but have to leave the country now?

File for bankruptcy before you leave the usa in case you wanna come back then you can do something about it ..

I have Credit card debts about $40k but have to leave the country now?

there is no a easy solution for your question.however,it is not solvable though.here is the good resource i have been referring.http://creditcard.expertips.info/free-cr...

I have Credit card debts about $40k but have to leave the country now?

I actually dont owe that much, but this company contacted me (Premier DEbt Centers of America) from 10K that I owed in different credit cards, they will work with the creditors to lower the debt, its all credit card debt. They lowered it to 3k plus their fee 4k thats all in 36 months ill be paying 135 a month. Bkut its not debt consolidation its debt validation, look into it, another friend of mine, she owed 35k, got it lowered to 15k. But if youre going outside the country, how long? maybde your best bet would be bankrupcy if your gone long enough the debt will disappear.7-10years

it depends, or like your original plan contact this company, lower your debt, sell your home and get it paid off and your debt free.

hope everything works out for you. Being in debt is very stressful.

I have Credit card debts about $40k but have to leave the country now?

Hi,

I used %26quot;Credit Solution%26quot; to settle my debt and improve my credit score.They managed to reduce my debt up to 58% .It%26#039;s legitimate.I came across this company on NBC News.Check it out here:

http://doiop.com/creditsolution2