Leaving Credit Card Debt In UK
Q: I quick 'hypothetical' situation, and a question for anyone with good legal knoledge out there. Lets say Mark (a UK citizen with a great credit history) 'legally' obtains 20+ credit cards. He doesn't commit fraud in any way, apart from not disclosing the number of other cards currently held when applying for other cards (not always ask on applications anyway). John then runs up large (£100k+) debts on the cards, cashes up and moves to a country outside the EU where inward immigration is not taken particularly seriously. Apart from the issues around starting a new life in the foreign land, what comeback could Mark expect from the credit card companies and/or the law from the UK? Secondly would there be a different response if Mark had gone one step further and had obtained several personal loans, made a few payments and then left the country.
A: -Except all the loans/credit cards will be logged onto one or two of the credit databases which are automatically checked