What happens to unpaid P2P personal loan debt after permanently moving back to SEA?
took out a €11,000 personal loan from a P2P lending app while I was living and working in an EU country. I lost my job a few months ago and I’m moving back permanently to SEA soon. Once I’m there I’ll have basically zero income or assets left in Europe.
My income back home is extremely low — it’s realistically impossible for me to continue making the regular monthly payments.
I know this is my own mess. I’m just trying to understand what usually happens in practice in situations like this.
Has anyone here had real experience with European P2P loans after permanently moving back to SEA? What actually happened with the lender or collection agencies? Did they pursue the debt internationally or was it written off/sold?
Just looking for realistic experiences, no moral judgment please.