How to settle?

Dear Gurus,

I had 8k debt and a 16k car loan(I surrendered the car which was 7 month old) when my visa to reenter US was rejected 3 years ago due to insufficient documentation on part of my employer. I had a good credit rating till that point, but I couldn’t sustain my payments after my visa rejection. I had to return to my home country find a job and start life again.

I plan to apply and sure of getting visa this time. But, I don’t know what awaits me. I have no information on what happened after I was out of US on all my accounts. I’m scared of returning back, but cant keep myself awake everyday with all those feelings. I want to settle these accounts.Please advice if you can.

What country did you go back to? I don’t know all your personal circumstances, but is there a reason why you would prefer to be in the USA over your home country? Whether you are coming back to the USA on a visa or not, then it may be best, just for your peace of mind to find out what your debts are and start planning a real action based payment plan yourself. Having a debt, that no doubt accrues interest, is a life of turmoil to live no matter where on earth you are. Put it in this perspective… you built up the debt, now the only person who can get you out.. is YOU.

For a temporary amount of time, you will have to surrender to the debt and pay it off. Whether you start right away or next year, will only be the difference of interest accruing and your mental anguish over it. You will still have to deal with it, and once you do… half the personal battle you are going through will be over. Is it worth to be that worried about it, when you have every means to take control of it? No.

Do you still have past records of the statements on those debts?

Appreciate your response. I’m from sri lanka. Only reason i want to retry visa to US is to payoff my debt so that i have a clean record and comeback with pride to live good life back home. I couldn’t sustain my payments after visa rejection as my meagre salary i get here will not suffice. Standard of living in these two countries is very different. What do you think about getting online installment loans from 48loans.com or similar website?

I do have my credit card numbers and car account number. Though no statements or agreement letters available as I couldn’t return back US to collect any of my belongings.

Now can anyone suggest me if i should go for debt management or settlement?

Also, will there be any court proceedings or arrest warrant issued against me?

I will already be under high pressure to perform at my job as I’m not a native, if I have these court proceedings too… I’ll be in a mess.