Dear, I find myself in a quite unusual situation.

Dear,
I find myself in a quite unusual situation. I have over the years accumulated around 30k in credit card debt. So far I always made minimum payments timely. Nothing unusual in this. The unusual part is that I am a foreign citizen, who lived in the US for ten years for educational purposes, and eventually relocated overseas (3 years ago), with no intention of coming back. Now, my question is what kind of option have I to reduce the burden of these monthly payments, which are becoming a problem (interests are so high that they end up being the only thing I pay)? Can someone in my position negotiate with the banks? Note that in the US I have neither income nor assets of any kind.
Most of my american friends here suggest to stop paying, claiming that the bank will never come after me overseas for a small amount as such. However, I find this ethically troubling, and I rather find a honest solution. Anything you could suggest?
Thanks in advance for your help.

1 Answers

Nothing unusual about this.

Sure you can negotiate with them as they are unlikely to pursue you overseas. 

How to Deal with Illegal Loans..OhioGal's Primer
http://www.debtconsolidationcare.com/paydayloan/dealingwith-illegallenders.html
PDL's are ILLEGAL in the following states...
AR, AZ, CT, GA, ME, MD, MA, NJ, NY, NC, PA, VT AND DC
OH AND NH have very restrictive low cost interest rate laws.

SOL for all states
http://www.debtconsolidationcare.com/statute-of-limitation.html

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