Hoping someone can give me some insight. I have defaulted on personal loan with an outstanding amount just above 10k gbp. The last address the bank has for me is here in Switzerland, though not current.
From what I've been reading on this forum (what a great resource!), it seems rather difficult to pursue someone living outside of the country and certainly outside the EU. Nonetheless, I have a few questions I haven't been able to find answers to here or searching the internet:
Does anyone know if the UK and Switz have reciprocal agreements in this?
Am I correct in understanding that the only way the debt could be pursued is if it was passed on to a Swiss debt collection agency?
Anyone been/in this situation and care to share what happened?