I was a student in the US for several years and have an MBNA Canada credit card (which has now become Bank of America credit card). I moved back to Canada several years ago but kept the US credit card open. Through the years my credit limit went up to $13,000. In recent times I have had financial troubles and pushed the debt on that card to almost $10,000. The interest rate is a whopping 24.5%, with monthly interest almost $150. I have not been receiving statements in time either, so my payments were sometimes late for which they charge $39. Due to my financial problems as of late, I have been having troubles meeting the payments. My question is, what happens if I cannot continue paying? Will they refer it to a collection agency in Canada and will this end up on my Canadian Credit Report? I know that US and Canadian credit reports are separate matters, is it the same with unpaid debts? Any feedback is appreciated.