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Old 07-31-2014, 11:47 AM
 
18,547 posts, read 15,584,312 times
Reputation: 16235

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Quote:
Originally Posted by ColonelStraker View Post
He was probably financing a dead-beat child who refused to leave the basement.
Grandchild, more likely. Generations spread by 30 years, 84 year old, child 54 year old, with 24 year old that just graduated college and came back home. (All give or take a few years)
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Old 07-31-2014, 12:00 PM
 
2 posts, read 2,122 times
Reputation: 10
Thanks for your many comments and suggestions. As I said, I keep a bank account in the US so I can pay my medical insurance (such as it is) plus the one cc that I have left that could be used for an air ticket back to the US in case of emergency. I cannot get medical insurace where I am because of my age, or which would be prohibitive in price through some European company. (Cheapest I found was $599 a month with a $5000 dollar deductible and maximum of $2000 in coverage - again due to my age.!) It's another topic but many still feel medicare should pay for treatment to qualified overseas hospitals, especially since in most cases it is about a tenth of the cost in the US. After all, I did pay into it from age 14 through my last year of work at 80. I meant ss and then when they added medicare, I guess in the 60's somewhere.

I did have my ss sent over here directly but I had to return to the US for several months for checkup/treatment and needed the funds while there, so had to have it sent back to the US bank. If you have your money sent to a foreign bank, you must collect it in person with your passport (no atm cards etc.,) which ensures the US government it is you collecting it and not some other person for years after you pass on..........makes sense!

Again Thanks to you all!
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Old 08-04-2014, 03:09 PM
 
Location: Keosauqua, Iowa
9,614 posts, read 21,267,886 times
Reputation: 13670
Quote:
Originally Posted by Pitt Chick View Post
The OP has not been here since this post - ~1.5 years ago. He probably has it figured out!
I have to be honest, figuring it out is probably the second most likely scenario.
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Old 01-27-2015, 11:23 PM
 
213 posts, read 237,795 times
Reputation: 84
Quote:
Originally Posted by senior12 View Post
I am a 86 yo senior who was still working till 2 yrs ago when i lost my job and now have 32,000$ in credit card debt eating me alive . i now cannot keep up my payments on the credit cards from what is left of my savings and social security. i live in a retirement home with association fees that i need to pay with nothing left over to pay off the cc debt . what should i do ? File bankruptcy?
Don't worry about it they can't come after you if you don't have anything, just ignore them. Bsnruptcy would leave you in the same spot that you are currently. Except you have to pay a lawyer and will incur other cost. Just pay your normal bills and live your life
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Old 01-29-2015, 09:30 AM
 
33,016 posts, read 27,455,098 times
Reputation: 9074
Quote:
Originally Posted by mathjak107 View Post
The problem with debt is the loans,mortgages and credit cards are not usually owned by the bank.

They sell it to investors,pension funds ,endowments etc and to them these are very real losses when someone defaults.

The banks just do the loan servicing and collections but may not be owed a penny.

Then if they hire defaulters, they can get back their traumatic losses. Win-Win.
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Old 01-27-2017, 12:38 AM
 
6 posts, read 16,858 times
Reputation: 11
no assets, thanks to many layoffs, save the USA from Commies and get laid off -

pension and ssa and IRA are protected. so with old cars, 2006 and 2012,

do not have jewelry, paintings, investments.

should have filed 2 years ago
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