Comments on: what are the consequences of not paying off credit card debt? http://creditopics.com/creditbuzz/credit/what-are-the-consequences-of-not-paying-off-credit-card-debt/ Wed, 07 Dec 2011 22:04:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: stephen l http://creditopics.com/creditbuzz/credit/what-are-the-consequences-of-not-paying-off-credit-card-debt/comment-page-1/#comment-21884 stephen l Sun, 13 Dec 2009 03:02:23 +0000 http://creditopics.com/creditbuzz/credit/what-are-the-consequences-of-not-paying-off-credit-card-debt/#comment-21884 They can do all that and more; if you have a money source you can tap like 401k , home equity, or money from a relative, you might consider debt settlement as an answer; why not pay them 50 cents on the dollar vs. the whole amount?
They can do all that and more; if you have a money source you can tap like 401k , home equity, or money from a relative, you might consider debt settlement as an answer; why not pay them 50 cents on the dollar vs. the whole amount?

]]> By: jgil01 j http://creditopics.com/creditbuzz/credit/what-are-the-consequences-of-not-paying-off-credit-card-debt/comment-page-1/#comment-21883 jgil01 j Fri, 11 Dec 2009 09:02:49 +0000 http://creditopics.com/creditbuzz/credit/what-are-the-consequences-of-not-paying-off-credit-card-debt/#comment-21883 i would consider banckruptcy
i would consider banckruptcy

]]> By: Anthony http://creditopics.com/creditbuzz/credit/what-are-the-consequences-of-not-paying-off-credit-card-debt/comment-page-1/#comment-21882 Anthony Fri, 11 Dec 2009 03:35:52 +0000 http://creditopics.com/creditbuzz/credit/what-are-the-consequences-of-not-paying-off-credit-card-debt/#comment-21882 Well theirs always consequences for not paying. That happen to me. The only company that I had problems and that I was afraid that they where gointo garnish my check was Nix Check Cashing. they where berry aggressive over the phone. Your gointo get a lot of bill collector calls. 24/7. Well I think that if your not paying your car note you can get your car repo. But probably the most your gointo get with credit cards are alot of phone calls and letters from bill collectors. They can be a paying in the ***. I know is not the best way. but I dint have nothing to loose. I don't recommend it but I when bankrupt. Good luck to you.
Well theirs always consequences for not paying. That happen to me. The only company that I had problems and that I was afraid that they where gointo garnish my check was Nix Check Cashing. they where berry aggressive over the phone. Your gointo get a lot of bill collector calls. 24/7. Well I think that if your not paying your car note you can get your car repo. But probably the most your gointo get with credit cards are alot of phone calls and letters from bill collectors. They can be a paying in the ***. I know is not the best way. but I dint have nothing to loose. I don’t recommend it but I when bankrupt. Good luck to you.

]]> By: Future sexy babz http://creditopics.com/creditbuzz/credit/what-are-the-consequences-of-not-paying-off-credit-card-debt/comment-page-1/#comment-21881 Future sexy babz Mon, 07 Dec 2009 20:59:42 +0000 http://creditopics.com/creditbuzz/credit/what-are-the-consequences-of-not-paying-off-credit-card-debt/#comment-21881 yes they can.they also black listing(all bank in your country) you and your family.i think try to ask minimal payment you can pay.check for over due&new bills,find finance&law counsltant i hope everything will be ok.
yes they can.they also black listing(all bank in your country) you and your family.i think try to ask minimal payment you can pay.check for over due&new bills,find finance&law counsltant
i hope everything will be ok.

]]> By: spifiman1 http://creditopics.com/creditbuzz/credit/what-are-the-consequences-of-not-paying-off-credit-card-debt/comment-page-1/#comment-21880 spifiman1 Fri, 04 Dec 2009 20:54:13 +0000 http://creditopics.com/creditbuzz/credit/what-are-the-consequences-of-not-paying-off-credit-card-debt/#comment-21880 Since it's been several months since you have paid your credit cards I am going to assume that they have been written off and sold to collection companies. What they can do is take you to court and get a judgment against you and your husband, at that point they can garnish wages (if your State allows it), attach bank accounts and file liens on any other property you may own. If your cars are paid for they can be seized and sold to pay your debt. If you still owe money on them they can file liens to make sure that if you sell them they will be paid out of the proceeds of the sale. All this on top or ruining your credit for 7-years.
Since it’s been several months since you have paid your credit cards I am going to assume that they have been written off and sold to collection companies.

What they can do is take you to court and get a judgment against you and your husband, at that point they can garnish wages (if your State allows it), attach bank accounts and file liens on any other property you may own.

If your cars are paid for they can be seized and sold to pay your debt. If you still owe money on them they can file liens to make sure that if you sell them they will be paid out of the proceeds of the sale.

All this on top or ruining your credit for 7-years.

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