wizjp
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Collections calls, eventually a default, judgement against you, lien agains property, possible garnishment of paychecks and bank account depending on state of residence, total credit screw, and all expenses added to the bill. |
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onenameym
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1) Interest. Lots of it.
2) Fees. Lots of them.
3) Loss of credit card use priviledges.
4) Serious dings on your credit report.
5) Lots of collection agency calls and letters.
6) If amount is large enough, judgement/garnishments.
7) Well thats about it really. Nothing big. :D |
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Navy Sailor - GAI
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Why are you refusing to pay what you owe? Why didn't you refuse to get out of the car at the mall and buy all the crap you bought on the credit card? |
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WeirdMe
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You will be referred to collection agency that will harrass you EVERY day and destroy your credit score. |
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DaMan
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Your credit score will fall faster than an airplane with no wings. |
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chrome_rider
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You will get a lot of nasty phone calls and letters. But really not much more than that, unless you owe more then say five grand on it. They may consider taking you to court. But why wouldn't you want to pay back money you borrowed? You asked for it, they gave it to you, you need to pay them back. If you are having trouble with money right now there is a web site which will help you understand the steps you need to take to fix things up: http://www.daveramsey.com/ |
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chickey_soup
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You get bad credit. They can persue collections. They can take you to court although even then you still don't have to pay it.
It is best to try and set up a payment plan if you are in trouble. |
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Patrick
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Just pay for what you purchased....because if you don't your credit will be wrecked for 7 years...you'll be hounded by the creditor that you owe that debt to. Finally, your self esteem will suffer...Take the honorable road and pay all debts that you create. |
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angela
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First, the credit card company will call you and call you. They will keep adding on interest and late fees. Your credit score will drop. After a while they will turn your account over to collections or sell your account to a collection agency. Then they will call you and call you and send you stuff in the mail. There's the possibility that one of them may take you to court. If you own a house, they might put a lien on your house. If you won't answer the phone when they call then they will start calling whomever you listed on your application as your closest relative not living with you. You are better off just paying the credit card. |
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km2005
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You card will go to a collections agency and they will continue to contact you to pay it. It will also ruin your credit so you will have a really hard time ever getting a loan for a car, house, or another credit card. |
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dslandau
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As everyone said, collections, judgement and bad credit for YOU, but for US, higher interest rates and more fees because the credit card company will say they have to pass on the cost of their bad debts to their other (responsible) customers.
Quit being a loser deadbeat and pay your bills like the rest of us have to. |
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sarge927
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That depends on the circumstances. Do you have a complaint against the credit card company because they billed you for something you didn't charge on your card or never authorized? Did someone else use your credit card without your permission or steal your identity? In either of these situations you can contact the credit card company and try to work it out. There is a process that you go through to resolve the problem, and if the credit card company doesn't resolve it to your satisfaction you can take the matter to court.
Now, if you simply refuse to pay your bill for legitimate charges, the first thing that's going to happen is you'll get smacked with a bunch of late fees. If your account goes 90 days delinquent the credit card company can turn the account over to a collection agency (basically they're a bunch of blowhards to try to threaten you into paying). If you still don't pay, the credit card company can take the issue to court. By this time, you have a bunch of negative marks on your credit report anyway, but you're about to get another one -- the judge can order you to pay and he/she can even garnish your wages (and in some states he/she can place liens against your property). One way or another, if a judge gets a hold of the case the credit card company will get their money.
BOTTOM LINE: Pay your bill for anything you charged. It'll only come back to bite you in the butt later if you don't. |
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Vocal Democrat
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Contrary to what they say, that crap doesn't disappear from your credit after 7 years.
I had one card that went into default. They bastards waited 90 days (the worst you can do), and then they would RE-REPORT it! They would they wait another 90 days, and then RE-REPORT it.
It's been years since then, and I I finally got that resolved, but you'll destroy your credit beyond repair if you do that! That can drop your FICO score <400 in a matter of months if you do that!
My advise: Try to pay if off. They, for the most part, are willing to work w/ you if you are having difficulties! |
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greffy
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Carol,
It depends on your reason. If you just plain refuse to pay for honest debts then if the amounts are relatively small then the wrost that will happen is that your credit rating will be damaged.
Treat your credit rating like gold. Some day you will want to buy a house or a car and need financing. A bad credit rating is likely to nix the possibility of getting the loan you need.
Don't listen to people who say they declared bankruptcy to escape debt. They are often just fools.
http://www.sendoutcards.com/24782 |
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amandafofanda66
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It goes on your credit report and you'll never be able to get a loan, mortgage, etc. |
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