has anyone done this? any experiences to share?
I'm EU citizen with close to 100k debt from student and car loans and I've simply had it with living on this continent. I have 2 ideas as to how i could see out this plan.
Idea 1 is to simply acquire a new passport/citizenship, either legally or through bribes, then take out enough credit cards and loans with the new alias and pay off my original debts in EU and fuck off somewhere else. Are there any countries where this is feasible? I've met a guy before who bribed an official in rural Argentina for a legit birth certificate which he used to get a citizenship there.
Idea 2 is to keep my EU citizenship, take out enough in loans to keep myself afloat for a few years, and simply move somewhere else and stay there for the forseeable future. In this case, I assume latin america and SEA are my best bets?
I speak fluent english/spanish, have a phd in social sciences (economics), got an internationally credited teaching license, and ive worked as a teacher my entire adult life in my home country so getting a job as an ESL teacher in Asia or South America would hardly be an issue. I did preliminary job hunting to test out this theory and i got a number of job offers from china, vietnam, japan, and cambodia. I even got some offers from universities in china and international schools who would pay handsomely.
thats the plan, anyone here have experiences? I do not care for my citizenship or country so I am entirely ok never returning to my life in my country. I have no living family members remaining in my home country anyway so there's no reason for me to stay or visit.
OP here, i'm trans btw, not sure if that matters
just claim bankruptcy dude or dudette, but not sure how being trans has anything to due with it.
Idk about asia but nobody will hire a trans person in latam. Like not even to work at the convenience store.
>wants to change identities
>thinks he can keep his certifications
Have you thought about bankruptcy before moving abroad?
that doesnt work in my country same way as it does in US. Declaring bankruptcy here does not 'forgive' your prior debts.
Identity change isn't ideal, but im not opposed to it either.
>Declaring bankruptcy here does not 'forgive' your prior debts.
Move to the USA, take out a bunch of debts there, use them to pay off your EU debts, then declare bankruptcy in the USA and get deported back home debt-free.
Its not like a few hundred thousand more dollars of debt is going to hurt Amerika.
enticing.. is it even possible as a foreigner without PR to apply for hefty loans? or is it better to just max out credit cards and get small loans from local branches/banks
How the hell are you able to get 100k into debt?
>I do not care for my citizenship or country
That's dumb. Yours is an EU passport. One of these bad boys costs a literal milion euros to legally purchase, that's ten times your debt. That's because it's valid for the whole Union, not just a single shithole.
I have no idea how you've managed to rack up this much debt by the way. Consider finding a trustworthy wife to launder your money through if you have no family members left (yes I know, trustworthy women).
If you are 100,000 euros in debt, I assume you have something to show for it.
Like a house, cars, a nice education, etc.
So why be unhappy with your debt? Many Americans spend their whole lives in debt but nobody really cares.
Even if you run away to a different country you'll just end up in debt again, buying a car or a house there, or going back to college to get your degree again (remember that with a new identity you won't have your degree anymore)
He said he has student loans and car loans. Presumably, the only things he owns are the degree and car. Otherwise, he would’ve mentioned them.
>acquire a new passport/citizenship, either legally or through bribes, then take out enough credit cards and loans with the new alias and pay off my original debts in EU and fuck off somewhere else.
What is the point of this? You get a new identity to escape the debts, so that you can get in a lot more debt again to pay off the old debt you were trying to escape, so now you have the debt again aassociated with your new identity? You phd in economics clearlt wasn't worth the price tag, was it? You fucking retard.
Look up BaldandBankrupt's story about escaping debt he detailed on RooshV forums. I haven't really looked into it much muself, but looks like he succesfully pulled off the exact thing you're looking for.
As a general rule its fairly easy to escape debts by just fucking off to another country
>As a general rule its fairly easy to escape debts by just fucking off to another country
This. OP is massively over thinking it.
OP needs to go to a country with OTC valium
>I even got some offers from universities in china and international schools who would pay handsomely
Get a job, welfare queen
shifting the debt to a place that OP doesn't care about.
I have about £45000 student debt in the UK. Been living abroad the last 13 years since graduation (studied Education). In the UK, the debt expires after 25 years so I'm running the clock.
Just leave the country and chill. No EU country has 'debtors prisons', the most they can do is continually ask for ut by email.. all you do is ignore. I planned all along to never pay it back. You got €100k free education. Congrats. Relax. Enjoy.
Imagine fleeing your own country to avoid paying 45k. Peasant.
>be an idiot
>use money which isn't yours
>wah I've had it
100,000 in car debt and a student loan would be like $1200/month? You have a PHD in economics and you're asking sighsee how to get out of it? That's funny. First thing, sell the car and pay off the car loan. You probably don't need a car in whatever European city you're living in anyway. Contact the car company and offer to pay the balance of the car loan in one lump sum. Tell them that you can no longer afford to pay the debt. They may take a lot less than what you owe if you pay it in one lump sum.
Now school loans are a little tricky. Here's the thing, a huge number of people don't pay back school loans. They are very likely to offer you a deferment for a year if you can't pay. There are also a lot of ways to get the loan discharged. In the US, you can work in an inner city school as a teacher for 3 years and get the entire loan forgiven in most cases. You could also contact the loan company and agree to spread the loan out and pay a much smaller amount each month. In any event, there would be far less risk in just ignoring this loan. It would end up on a credit report, but who cares? You probably rent anyway. What are they going to do?
Where did you hear about this inner city school loan forgiveness thing? AFAIK there is only the PSLF program which is 10 years to loan forgiveness.
>100k studen loans
how do even manage that fucking retard loser
There’s a guy I watch on YouTube that married an Indian woman, became an Indian citizen, and moved to a village in India to stop paying for student loans. I would imagine you could do this in basically any non-Western country save for maybe Japan and South Korea.
>EU citizen with close to 100k debt
>have a phd in social sciences (economics)
> I've met a guy before who bribed an official in rural Argentina for a legit birth certificate which he used to get a citizenship there.
No need to even get a birth certificate there to get citizenship, just show up and manage to stay for 2 years, legally or not, and they'll give you citizenship. Also, why would you ever roll your debt over to your new country? Just never pay and never go back.
If you could identify a country where the debt won’t follow you, you could possibly enter the country as an language teacher and once you have a good enough grasp on the local language, get a job in a university either as faculty or an administrator. I am a university administrator here in the United States. It is not a sexy job but it is an easy job.
Not one living family member? How did that happen? Also anon relax many people live in debt all chilled out
This post reeks of South European than can't into economy,
Just declare bankruptcy, you retard. Yes, they'll take all your assets, but it sounds like you're willing to give them up anyway.
Can't OP be sued by the creditors and have his wages garnished if he somehow stays? Note sure how laws work in EU or even USA.
100,000 is a lot of debt anon, enough to worry that you will be sought internationally.
I escaped £9000 debt in UK and moved to EU, it's been so far 3 years.
I know some people do it other way around but that road is closed now due to Brexit unless you have perm residency or citizenship.
Thailand,China and Cambodia are an option, lots of people go there to flee debt.
If you are charged with fraud that might complicate things though.
>I did preliminary job hunting to test out this theory and i got a number of job offers from china, vietnam, japan, and cambodia.
How did you search for these jobs. Any websites, HR agencies you can advise?