My friend is having total credit card debt of 80000 $ belonging to 6 different banks in USA. She is not a willful defaulter. She was working in USA on H1B Visa before. Her VISA got expired and she doesn't has any plans/opportunity to come back to USA. She is under financial crisis an doesn't has any ability to repay this huge amount . Please answer :-
1)My friend's permanent address was on her passport and must also with the bank since she gave the passport copy at the time of opening the account. Can the collection agencies reach my friend on her permanent address in India ?
2)My friend still works with the same US MNC in India ,from which she got the USA assignment before. Her monthly salary is less than 800 USD .Can her employer (US MNC) take any action against her due to this unpaid credit card debt ? If Yes, then what action can be taken by employer?
3)She cannot repay the amounts to the US banks? What is the best option does she has right now ?
4)Do banks/ collection agencies always give the option of settlement on partial amount, if the customer is not able to repay the complete amount .
2. she may have default judgment against her which may allow the US company that employs her to garnish her wages assuming it is USA based.
They will have problems getting any money from her in India.
4. They can and often do settle
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