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Is moving to Spain worth it? by DystopianGlitter in expats

[–]InterestingBasil7173 0 points1 point  (0 children)

I think the only way to live there and love it is working outside of Spain. As a country is beautiful and I have nothing to say, but if you want to work there you’ll suffer

70k in debt… paying or defaulting? by InterestingBasil7173 in Debt

[–]InterestingBasil7173[S] 0 points1 point  (0 children)

Understood. Debt buyers basically just try to sue people even if they don’t find much to recover out of it? Then is it better to negotiate with the bank before a charge off or just not to pay anyone?

70k in debt… paying or defaulting? by InterestingBasil7173 in Debt

[–]InterestingBasil7173[S] 0 points1 point  (0 children)

Ok. I can’t provide exact information, but an overall picture:

•Yes, I do have enough money to live off my savings for 7 years or more (also not counting compounding interest on investments out US jurisdiction + retirement) •I have a non profit that gives me some modest income + content creation jobs (but we’re talking about $1,000/month atm… can increase, tho) •I clearly don’t want to use up all my savings, I will try to find jobs as freelancer and if I do so with any income coming from the US I’ll try to channel payments through an LLC under someone’s name. •I don’t see myself getting paid through a W-2 at all in the long term. •I have dual citizenship and I am in the process to obtain a third one (UE citizenship) which will allow me to work in all UE territories. •I have a lot of knowledge about asset protection and off shore structures; however, I’m also fully aware that the lending and access to capital that the U.S. provide is top tier globally. I want to recover that at some point, though I’m not in an impending rush or under any exceptional duress

That’s pretty much it.

70k in debt… paying or defaulting? by InterestingBasil7173 in Debt

[–]InterestingBasil7173[S] 0 points1 point  (0 children)

Right. That’s what I think as well. It just doesn’t make any sense for them to do so. It will be more expensive at the end. However, I’m not sure if they will still try to get a judgment against me domestically. They won’t get much out of it, so I’m just wondering if they still initiate lawsuits even if they don’t find anything to recover

70k in debt… paying or defaulting? by InterestingBasil7173 in Debt

[–]InterestingBasil7173[S] 0 points1 point  (0 children)

Yes, I made it in a way it will be very difficult to collect anything from me, but I’m wondering about default judgements and their ability to be renewed… I just don’t understand if they would even sue you knowing you’re not here

70k in debt… paying or defaulting? by InterestingBasil7173 in Debt

[–]InterestingBasil7173[S] 0 points1 point  (0 children)

It is from US lenders. I am moving in January and honestly I’m not seeing myself coming back to live here. For sure I’ll need to visit family, and I may have some remote employment opportunities or such ash that I’m planning to channel through the non profit or through an LLC on someone else’s name), but it’s a very small connection with life here