Student Loan Vagabond

After 11 years, I have been contacted by a debt collection agency seeking repayment of my student loans totalling almost $30,000. The collection agency has told me that if I do not begin making payments, a judgement will be entered against me.

I live overseas, so a part of me is thinking “OK, sure, go ahead” because I can’t see a mechanism for them collecting against it.

Can this collection agency collect this debt if I am resident in Europe?

Thanks!

Sabrina

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Hi Sabrina,

If you have no assets or income in the USA and you live in Europe then you are collection proof.  No worries unless you return to the USA.

You should also know that student loans have no statute of limitations for collection; should you return to the USA, the student loan boogeyman will be waiting for you.  

Thanks for the questions and hope this helps.

Paul

This author is not an attorney and this information should not be considered legal advice.  Please consult an attorney for legal advice.