Tuesday, January 10, 2012

How can I pay off unsecured debt if I move abroad?

I am planning a move to the Dominican Republic from the US. I have unsecured debt (school loans and credit cards) which I want to repay, but the average income in the Dominican Republic is much lower and I know I would not be able to make minimum payments. Can the debt be converted or possibly bought out by a bank there or something like that?

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