Big debt in foreign bank

[daxbr]

All this will only make sense if credit card credit line is secured by cash deposit of equal or higher value.

 

[zonqor]

Yes indeed.
I just can`t see how is that possible.

Margin requirement and invoicing for credit cards 5.1 As a security for the Cardholder’s obligations towards Swissquote, in addition to the right of lien and set-off contemplated in Swissquote’s General Business Conditions and Safe Custody Regulations, Swissquote shall block on the Credit Card Account an amount in freely available cash in a currency in which the Contractual Spending Limit is denominated corresponding to the Contractual Spending Limit (the “Margin”).
If the Effective Spending Limit is zero (either because of lack of Additional Cash Amount or otherwise), no further transactions shall be authorized or processed. In addition, transactions which would result in the Effective Spending Limit to become a negative number shall not be authorized or processed. Swissquote is however entitled, at its sole discretion, to authorize transactions relating to recurring services to be processed, which may result in an Over-Limit Situation

https://en.swissquote.com/sites/swissquote.com/files/sq_payment_cards_conditions_en_.pdf

 

[rey skywalker]

i you manage to get that credit you shuould enjoy the money , for sure is more complicate or expensive trying to recovery the funds in brazil , i think in in ch term for credit cards is 3 years

 

[rey skywalker]

after that they must delete any public record, you can apply in dukaskopy

 

[Martin Everson]

OP has not come back to explain debt in the follow up points raised in thread. Seems odd

 

[llugguss]

I too had problems with this account when I was given a credit card. Swissquote told me that the Swiss bank had changed some conditions and now I as a cardholder have to obey those laws in my state. Although I have been given credit Yhdistelylaina jopa 70 000 € asti - Luottopäätös heti - Korko alk. 4,19% at other banks in different countries. Swissquote never charges a top-up fee, but the issuer of my card (but it was issued by that particular bank!) implies tax and interest. And card transfers are also subject to interest, and they are a huge percentage.

 

[cuno]

I have a debt of 40K EUR in a Swiss bank.

I am from Brazil...I don't live in Switzerland, but I would like to know what the possible consequences are.

Can I be forbidden to go to Switzerland? In the European Union? Can I be arrested for this? What are the legal consequences?

At the moment I cannot pay the debt, I would like to know what kind of attitude the bank is likely to take.

If someone knows the Swiss civil code, it would be interesting to know how long it takes for the debt to "be forgotten"...thank you!

wonder what bank you got this loan with ?