slamspamslam OP t1_j24jcig wrote on December 29, 2022 at 4:41 PM

Reply to comment by killmetruck in American living oversees unable to pay down credit card debt by slamspamslam

Thanks for the answer! I am familiar with the Avalanche method and am doing that in theory, but in practice there is nothing left over after paying the minimums. I prep all my own food and do not go out to eat; there are no outgoing investments.

I'm aware of the best practices for saving money - as it is, after paying for minimums, rent, and transport to/from work, I often dont have enough for food for the month. Hopefully I will get a raise or two over the next few years, but as things stand the timeline for paying off my high interest debt is >10 years, and assumes I continue to get 60hrs/week.

Appreciate any advice about the process of defaulting/bankruptcy, and how that could impact either my legal ability to return to the US, or the ways judgement can be enforced overseas.

killmetruck t1_j24kh0z wrote on December 29, 2022 at 4:49 PM

I didn’t mean that it would affect your ability to go back to the US. Some countries would take into account a bankruptcy procedure when approving a visa, so in the country you’re staying in right now, you could be affected when renewing the visa.