file bankruptcy credit card debt

Credit card debt – wait 7 years or file bankruptcy? Please help?

Ok here's the situation. When I was 20-24 years old I ran a lot of credit card debt $ 20,000 (I'm 30 years old). Then I went abroad to study and I currently live abroad and do not intend on moving back to the U.S. for at least another 5 years. What happened was that at a certain point that I do not pay my credit cards more and could let them go. Now I am still studying and can not afford to make payments. So what happens if I move back to the U.S.? Is there a statute of limitations on the debt? Should I file bankruptcy? How should I do if I live abroad? I would add that I was very stupid and I confused! I've learned my lesson. I just want to get this problem fixed! The debt was in Texas, where the statue of limitations 4 years …

Assuming it is all unsecured credit cards, banks may still come after you regardless of Sol. You just can not take you to court for it. Regardless of how long it takes, creditors look better on people who pay their debts rather than skirt the issue. Of which apart said setteling may be an option unless they specifically the word could be on your report. For lenders that similar The Scarlet Letter. ——- There it was in Texas, it is 4 years from the last payment or promise of payment was made. Clock starts when any of these. After 4 years, companies have entitlted their money (it Did you start to complain with), they can not just you. If they do, it can be dismissed in court. But ask for help if they do. To the question to be resolved a structure plan and debt they pay off one by one. Pay what you can afford to pay, but even first.

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