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Old 29.05.2015, 10:22
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Have an UNPAID UBS credit card debt of 2000 CHF

hi,

I was a student at University of Lausanne from 20103-2014 and I then had a UBS credit card. I regurarly used to borrow and pay back the entire sum in time . However when I was leaving switzerland in August 2014 , due to an emergency I had to max out my credit limit and since then I now owe UBS 2300 CHF . I am now in USA and have just finished my internship and will soon start working for a company in Singapore.

I have 2 questions here:

1. I am willing to pay UBS the full credit debt in one go but in August this year and not before that . Untill then will there be any legal actions against me ?

2. Will the credit card debt affect my visa application in anyway. I mean will UBS share this information with INTERPOL and such organisations?

Please help
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  #2  
Old 29.05.2015, 10:25
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Re: Have an UNPAID UBS credit card debt of 2000 CHF

Have you spoken to UBS?

If you speak to them and offer to pay in installments, in most cases that would be fine - they will have no more desire to go through legal channels than you do.
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Old 29.05.2015, 10:25
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Re: Have an UNPAID UBS credit card debt of 2000 CHF

As to 1) Most likely yes
As to 2) I do not think that Interpol will be alerted but it could well impact your credit scoring and in future any application you make for a loan/mortgage

Best to contact UBS and try to arrange a deal, waiting only worsens the situation.

Why didn´t you contact them earlier?
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Old 29.05.2015, 10:29
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Re: Have an UNPAID UBS credit card debt of 2000 CHF

Also, you can't go into a discussion like this, where you are clearly guilty and potentially your career is at stake, with a view like "in August this year and not before that".

My response (and I know I'd be a crap customer service person) would be, OK see you in court mate and good luck.

If they want a payment before that, offer whatever you can afford, otherwise why would they trust you or offer any flexibility back?
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Old 29.05.2015, 10:30
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Re: Have an UNPAID UBS credit card debt of 2000 CHF

I did contact UBS last month and they didn't have any thing worse to say.

They said please pay soon as the credit card is blocked . That's all

I don't intend to come to switzerland ever. I am also willing to pay the amount in full once I get my first salary which will be august this year as I mentioned. Since I am not ware of the banking laws in switzerland, I wanted to get some suggestions on this forum .

All I want to know is whether UBS will share this minor credit card debt info. to the international immigaration bodies like in the UAE issuing "red notices" from INTERPOL
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Old 29.05.2015, 10:32
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Re: Have an UNPAID UBS credit card debt of 2000 CHF

UBS are quite busy this week helping Sepp hide many millions of siphoned CHF. They'll get back to you on your 2,300chf debt next week.
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Old 29.05.2015, 10:34
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Why not include that you've already spoken with UBS in the original post?

UBS cannot share this information without going through a Swiss court, it would be a breach of banking secrecy.

If you've agreed a payment schedule with them, why are you worried, it makes no sense at all to me.

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UBS are quite busy this week helping Sepp hide many millions of siphoned CHF. They'll get back to you on your 2,300chf debt next week.
I guess that wouldn't buy you many FIFA delegates.

Maybe they'll put Sepp in charge of something he could actually handle, like UBS Kids Cup

Last edited by 3Wishes; 01.06.2015 at 16:17. Reason: merging consecutive replies
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Old 29.05.2015, 10:43
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Re: Have an UNPAID UBS credit card debt of 2000 CHF

just pay the minimum amounts each month until you can afford to pay more. credit card companies like you to do this anyway since they earn more interest.
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Old 29.05.2015, 10:47
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Re: Have an UNPAID UBS credit card debt of 2000 CHF

Guys , thanks for all you replies.

All i wanted to know was what kind of international repercussions this debt can have for me in terms of visa applications for other countries.

I was never late on my payments for 4 years . Had a grt credit score and everything. Last 1 yr has been tough and I thought of postponing my debt to this year .That's all.

Now, I am will be ready with the full payement in a month's time or two and will clear it. I know 2300 CHF is peanuts for swiss ppl.

If anyone on this forum has any opinion on how debt could affect my visa for another country ....Please share...
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Old 29.05.2015, 10:53
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Re: Have an UNPAID UBS credit card debt of 2000 CHF

Can you take a low interest loan and repay the UBS debt? I thought that the credit card APR is super high?
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Old 29.05.2015, 11:00
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Re: Have an UNPAID UBS credit card debt of 2000 CHF

No, i haven't taken any kind of credit card in the US and don't want to get involved into any banking thing again.

I have saved some money and some money from my first salary will cover up the debt . Hence I just want to wait for 2 more months.

I have to apply for a singapore visa meanwhile . There isn't any background credit check or so on the form asking me to declare info. but I am worried as in the form they ask for countries applicant has resided since the past 5 years with addresses. This is where I am worried , if they do a background check with the country (i don't know how/ will they ) and this unpaid debt issue come up .

Thats why i was seeking some advice on international legal repurcussions like will UBS share info. with swiss immigration or some EU agency about this debt ?
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Old 29.05.2015, 11:10
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Re: Have an UNPAID UBS credit card debt of 2000 CHF

Dont be paranoid. The issue will show up in a background check only if UBS lodges a Betriebung (Porsuite in French) against you with the debt collection authorities for continuing failure to pay.

As long as you keep paying the minimum amounts, and eventually pay off the total amount, no way does a outstanding credit card amount affect a visa application.

Edit: missed the part that you were in Texas. In any case, as long as it hasnt gotten to the point of reaching a civil proceeding in either CH or the USA, you are fine where a visa application is concerned.
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Old 29.05.2015, 11:17
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Re: Have an UNPAID UBS credit card debt of 2000 CHF

Thank you for a soothing reply.

I was in touch with UBS and it hasn't reached that "betriebung" stage nor will I let it .

I couldnt pay a single penny towards the debt since Aug 2014 as I was getting someone treated for last stage cancer and all my money was channeled there. That someone is no more and now I can pay this debt.

I was indeed a bit paranoid as I didn't want this to become like a national level thing and go to INTERPOL and all that.

Anyways, life is sunny n shady. I am working towards a good start by cleaning up my slate of deeds and UBS CC debt is the only wrong that I have done so far in my life.

Thanks for all your replies guys. I am grateful .

As long as this doesn't affect my singapore visa I have no worries.
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Old 29.05.2015, 11:19
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Re: Have an UNPAID UBS credit card debt of 2000 CHF

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Thank you for a soothing reply.

I was in touch with UBS and it hasn't reached that "betriebung" stage nor will I let it .

I couldnt pay a single penny towards the debt since Aug 2014 as I was getting someone treated for last stage cancer and all my money was channeled there. That someone is no more and now I can pay this debt.

I was indeed a bit paranoid as I didn't want this to become like a national level thing and go to INTERPOL and all that.

Anyways, life is sunny n shady. I am working towards a good start by cleaning up my slate of deeds and UBS CC debt is the only wrong that I have done so far in my life.

Thanks for all your replies guys. I am grateful .

As long as this doesn't affect my singapore visa I have no worries.
i'd hardly call getting into temporary debt to pay for someones cancer treatment as a 'wrong thing' in life...
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Old 29.05.2015, 11:22
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Re: Have an UNPAID UBS credit card debt of 2000 CHF

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I did contact UBS last month and they didn't have any thing worse to say.

They said please pay soon as the credit card is blocked . That's all
You did not say how you contacted UBS, if by phone, then I suggest write and let them know your situation and intention.

As previous poster said, you should try to make the mininium payment each month or at least something each month, until such time as you can pay the full amount.

As your card is blocked, there is a Black Mark against you. Once you have paid it off, I am not sure how many years someone can do a Credit Check on you and it might show up.
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Old 29.05.2015, 11:23
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Re: Have an UNPAID UBS credit card debt of 2000 CHF

Afaik, the problem is if UBS (as Kosti explains) files a Poursuite and this may affect your entry (& stay in) to Switzerland. But as Singapore has a strict legal system, you can prempt any problems by taking a low interest loan (over the counter at a bank) and paying off the credit card debt asap (this explains why I think this would be a good step: http://www.investopedia.com/articles/01/061301.asp ). Once you are in Singapore, you can pay off your loan in the US.
Good luck!
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Old 29.05.2015, 11:30
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Re: Have an UNPAID UBS credit card debt of 2000 CHF

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hi,

I was a student at University of Lausanne from 20103-2014 and I then had a UBS credit card. I regurarly used to borrow and pay back the entire sum in time . However when I was leaving switzerland in August 2014 , due to an emergency I had to max out my credit limit and since then I now owe UBS 2300 CHF . I am now in USA and have just finished my internship and will soon start working for a company in Singapore.

I have 2 questions here:

1. I am willing to pay UBS the full credit debt in one go but in August this year and not before that . Untill then will there be any legal actions against me ?

2. Will the credit card debt affect my visa application in anyway. I mean will UBS share this information with INTERPOL and such organisations?

Please help
There is a lot of what seems misinformation and not reading of the initial post in this thread.

Your UBS credit card debt is not a crime. You can't go to jail for civil debts in Switzerland as you can in Dubai.

Your UBS credit card debt will have no effect on your visa application in Singapore. Singapore may ask for a criminal record from places you've lived and this wouldn't appear on it because being in debt isn't a crime

If UBS don't have your address how do you suppose they will bring any legal action on you? If they did have your US address do you think it would be financially viable for them to bring court action over 2300CHF?
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Old 29.05.2015, 11:32
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Re: Have an UNPAID UBS credit card debt of 2000 CHF

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No, i haven't taken any kind of credit card in the US and don't want to get involved into any banking thing again.

Good luck with that.

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I have saved some money and some money from my first salary will cover up the debt . Hence I just want to wait for 2 more months.

I have to apply for a singapore visa meanwhile . There isn't any background credit check or so on the form asking me to declare info. but I am worried as in the form they ask for countries applicant has resided since the past 5 years with addresses. This is where I am worried , if they do a background check with the country (i don't know how/ will they ) and this unpaid debt issue come up .

Thats why i was seeking some advice on international legal repurcussions like will UBS share info. with swiss immigration or some EU agency about this debt ?

If you can't pay the money, then why are you asking us about this? It is what it is and working with the lender and the immigration authorities would be the best path forward until you get it sorted.

It sounds like you do have some money to pay off the debt but you just don't want to unless not doing so will impact your ability to get your Singapore visa processed. You are fishing around to see if that is the way to go.

So, how else can we help with your moral flexibility?


Edit: latest still doesn't change my opinion.

Last edited by VFR on top; 29.05.2015 at 11:37. Reason: new details emerge
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Old 29.05.2015, 11:37
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Re: Have an UNPAID UBS credit card debt of 2000 CHF

You'll be fine; just pay it in August. No-one will talk with interpol and they probably don't even have a central database so you could even open a UBS account in Singapore and maybe have no issues.

However, you're paying a stupid amount of interest and fees for doing it like this. Ring UBS, explain you're a student on no income and that you will get paid in August. They may agree to freeze further interest payments. If not, consider a short term loan, although in the middle of a move it's unlikely anyone would give you one. You could ask your employer for a salary advance.
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Old 29.05.2015, 11:55
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Re: Have an UNPAID UBS credit card debt of 2000 CHF

1. I am not fishing around my options or anything.

2. If I lagged morals, I would do a runner and never look back like a lot of people I know have done.

3. Life was tough, cancer treatments in the USA are very expensive , couldn't save a penny. I did it as I wanted that someone to live but GOD had other plans and I don't blame him.

4. Joined this forum seeking legal advice/viewpionts IF ANY.

5. Can't pay UBS with the money that I have saved untill I get my visa. If I don't due to this credit issue(fear that i have), I will need this money to apply for a US/ UK visa .

6. Hence, to wrap up have some money saved ... will pay UBS back for sure. As soon as I get my singapore visa I will start the transfer by providing UBS with a valid address and phone number.

7. I did get in touch with UBS via phone....they don't have my US address or anything.

8 .Thanks for the tips everyone. God bless.....
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