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I’m Getting Kicked Out of the U.S. on an H1B Visa and I Owe Money. What Should I Do? – Ravi

Ravi

“Dear Steve,

I just lost my h1b visa (work visa) for US and now i have to leave US in next 3 weeks and go back to my home country India.

I have a total 15000$ debt on my credit cards and a charge card from AMEX. as i am not in the position to pay my debt right away as sword of get out of US asap is hanging on my head. i ve tried paying of as much as i can. now i am in the position where i cant pay off anymore. and making money in Rs and paying off $$ is quite impossible.

I know it sounds irresponsible, but coz of my situation if i leave US and dont pay off my debt will collectors follow me home . some people told me it will trash my Credit score. which i understand, so if come back after 7-10 years will it still show up on my credit history.

Ravi”

Dear Ravi,

I’m sorry to hear you must leave the United States and I certainly understand the debt issue. A real problem for many. You are certainly not alone in this predicament.

Will the debt follow you, it could. I’ve seen more international collections activity over the years. Specifically, there are reports of this happening to others in the same situation.

“At least thats what my friend had to face when he went for another H1B. He was here in the thick of it all and had abandoned leaving a lot of debt behind. They traced him to India and the collection agencies in India took over.”

The big problem I see is if these debts turn into lawsuits while you are gone. Since you are hoping to return in the future I think you need to close the doors on these debts and not leave a legal mess and judgments against you behind.

In this case, I would suggest that you talk to a local bankruptcy attorney and consider bankruptcy before you leave. Bankruptcy will close the door on those debts and the bankruptcy will not be reported on your credit back in India.

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Ultimately it comes down to which would be less damaging to your chances of returning, lawsuits and judgments or bankruptcy. And which you would prefer to do, close the door on the debts before you leave or worry about being chased back in India.

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About the author

Steve Rhode

Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

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