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The Credit Crunch :Bite Back

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  • 05-12-2008 4:31pm
    #1
    hoppo254
    Closed Accounts Posts: 145 ✭✭


    Interested to know the answer to this.........

    A friend of mine is currently working here on a work permit (He/She is from a non EU country)

    He/She has been saving money here with various institutions (Credit Unions,Banks) and was also offered a credit card by a company that i shall not name.

    His/Her question to me was : If he/she avails of the credit or loans offered here and returns home without paying them can the provider legally have the money paid back ?

    I said if it was a bank with a world wide network then yes they could probably chase you for the money when you return home but with Irish only institutions
    such as Credit Unions im not so sure ?

    Just wondering if anyone knows the answer ?


Comments

  • Options
    #2
    talkingclock
    Registered Users Posts: 1,066 ✭✭✭talkingclock


    How many Irish have debts here and went to the UK and vice versa and never got caught?! ;) I'd say the chances are good for her/him not to get caught especially if he/she returns to a non-EU country.

    Nonetheless this is condemnable...


  • Options
    #3
    IsThatSo?
    Closed Accounts Posts: 988 ✭✭✭IsThatSo?


    talkingclock wrote: »
    Nonetheless this is condemnable...


    Agreed.


    OP, so basically you are asking advice on whether is possible to steal?? and get away with it??


  • Options
    #4
    hoppo254
    Closed Accounts Posts: 145 ✭✭hoppo254


    No. Never in the post did i say i recommended taking the credit and leaving the country.

    My question was what is the law relating to this and not "how would i get away with this sort of thing"

    I am in total agreement that availing of credit and not repaying it is stealing


  • Options
    #5
    BuffyBot
    Registered Users Posts: 24,924 ✭✭✭✭BuffyBot


    It's still not a suitable discussion topic.

    Closed. OP you should know better.


  • Options
    #6
    jhegarty
    Registered Users Posts: 6,440 ✭✭✭jhegarty


    this isn't bit back , it's the cause of the credit crunch in the frist place (people not paying back loans)


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