Is it necessary to pay off the debt? In many cases, your debts won't stop you from leaving your country for other places, but that doesn't mean you can put these old debts behind you and start over.
There are several possible outcomes, including:
Arrest. If you owe money to your own government, you may even be arrested at the airport. Otherwise, you will be restricted from leaving the country and your passport will be confiscated. Your credit history will be destroyed. If you try to avoid debt or fail to repay it in time, it will seriously affect your personal credit information. If you plan to return to China, it may bring devastating consequences to your future work and life. Even overseas credit information will have an impact-it all depends on whether the lender you provide financing will inquire about your credit information records in your home country. May face legal proceedings. Your creditors may take legal action to recover their debts. Whether you are in this country or not, whether you can appear in court or not, such action may continue. Although an overseas court may not be able to force you to repay overseas debts, it may allow creditors to recover any assets you still own in your home country. You may lose some of your salary. If you work overseas for a domestic company, your salary may be deducted or withheld. Creditors continue to recover debts from you. Banks or credit card suppliers may recover debts from you in your new country of residence.
Transnational debt: Do you need to pay back the money you owe before choosing to emigrate or return from abroad?