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Mexican RTU's (by KC):

danan74 wrote:

Thank you. That's what I was afraid of. I want to know if they actually turn it in to a credit agency. Paying them doesn't show up on a credit report so why would not paying them? Has anyone's credit credit actually been affected?

The only truthful and accurate answer is --- it depends. Mexican operations, in general, do not bother with negative credit reporting --- UNLESS the Mexican entity also has a U.S. based corporate presence (which is usually not the case).

In a Mexican RTU (right to use) contract you own absolutely nothing. You only have a "right to use"; a "membership" providing access. If you stop paying on that "membership", the Mexican operations usually just terminate the membership and (very happily) pocket whatever money you have already paid. It's really no skin off their nose, since the steady stream of other Gringos ready and willing to pay money for those RTU "access" contracts seems to be virtually endless.