The one benefit of dealing with a collection agency (well its not a benefit because usually your credit is screwed once a collection agency is bought into play), is that you can negotiate with them in terms of payment amounts. When I was much younger, I got into a situation where a collection agency was involved, and I negotiated a $0.50 on the dollar payout on it since they had bought the debt at $0.20 on the dollar.
Don't avoid the collection agency because they tend to file with the courts very quickly if they feel they are being avoided.
See if there's negotiating space, tell them that your broke and would like to see if you can reduce the debt load or work on a payment plan with them.
In terms of the collection agency being able to enforce a foreign banking debt, yes they can, they own the debt now.
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My name is Ozymandias, King of Kings;
Look on my Works, ye Mighty, and despair!
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