What would happen if I maxed my credit card out. And decided I was not going to pay it back?

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phooey	Bad credit score, bad credit search, no future loans or credit cards, no future mortgage, county court judgements, baliffs, attachment of earnings order (they take the money direct from your salary). Further worse case scenario (if it's a banks credit card) - they'll close all your accounts. No account to receive your salary, is your company going to pay you by cheque or sack you? Worse case scenario - the credit company proves (it has been done) that you spent the money with the intention of not paying it back you can be prosecuted and imprisoned.

chico01	You will be hounded with letters and calls, but rest assure you will NOT go to jail. No one can go to jail for not paying on a debt. If it were true, our jails would be over crowded more than they already are.

Naomi	That is your right. Screw those people. Right on! Ain't nothing going to happen to you.

bob	Absoloutley nothing

mkulda	This is a very, very, VERY bad idea. First once you were late paying, you might get a quick reminder phone call that you are late. Once it becomes obvious that you aren't going to pay...a whole host of nasty things begin to happen. They will start aggressively calling you...your spouse....your family....legally they can even call your neighbors.... That's just the start of it...they willl take you to court and win and the judge will say you owe them the money and the court will ask for you to list your assets. You'll tell them what, of value, you own....then they'll start to take it back....coming with the police if necessary until you've give back enough stuff to pay back the obligations. That's just the physical part. What they do to your reputation will haunt you for years. Your credit score will plummet. The next time you apply for credit, you either won't get it or get such a high interest rate that you'll pay a lot more in finance fees. Once all your other creditors find out you've done this, they will immediately hike their rate to the default rate. So, in effect, all your other outstanding credit will then rise to close to 30% interest, dramatically raising your payments and the amount of interest you'll have to pay back. But it doesn't stop there.....your home and auto insurance rates will rise dramatically. And, employers and landlords will access that data as well and you'll have a hard time getting your next job or place to live because of it. So in light of all that....does it really seem worth it?

franja	They could probably send in the bailiffs - who can only attatch stuff that YOU own... (less than subtle) HINT!!! I understand "Store Cards" are even better, as they can't even send in the bailiffs... Wouldn't really know myself 'cos I have a frugal mentality and can't bear the thought of spending what I DO have - never mind spending what I DON'T have!!

ALAN W	Try it and let me know

Carrie H	your credit score would go down making other things more difficult to get or more expensive IE: car, mortgage, another credit card, loan, etc.

sabbycat76	it will be a negative affect on your credit score. I don't know how old you are. But eventually you will need your credit to get loans for cars, house even personal. Even another credit card. Be very careful. Believe me your better off paying your bill.

dark.crusade	It normally depends on the company, some will just keep annoying you with letters and phone calls. And never go any urther. But then there are the other companies who will do one of two things. Send the baliffs round at take everything you bought with the card and random things of their choosing to make up the money you owe. When they do that they make up how much everything is worth, like your brand new 58 inch plasma screen tv with 7.1 surround sound will be worth about €100. Or you have the ones that will get you set to jail along with giving you something like a county court judgement, which means you'll never be able to get a loan of anyone every again. Well other than those guys on TV you offer "really affordable loans", the main draw back of which is that if your an hour lad with a payment they take your house and kick you out within about a day. It's all in the small print.

duncanjfield	you would get a bad credit rating, lots of phone calls and letters and finally a knock on your door from a debt collector, unless you move home, get a new bank account that does not know your previous address and stay off the voters roll. if you do that they may not trace you!

gtofinancial.tomvoli	You would trash your credit score because they will continue to report it every month. You will get turned down for every type of credit available until it was resolved either through payment or statute of limitations. Here is some additional info. Hope this helps.

alatoruk	have you tried eating through a straw....

I thought so!	Brian...first all the above answers are BS. You will have chargheoffs on your report for 7 long years. In five years you can get some limited credit. Then you also run the risk of being sued by the card companies...if you have very bad credit and nothing to sue for...more than likely they will leave you alone

raiderking69	Though you can do this and probably apply for bankruptcy to get out of it, the laws changed and so it is harder. That being said, you along with all the ppl who do that make it harder for others by pushing the rates up and causing the prices of things to rise. Be an honest person financially and you will be not only a better person outside, but inside as well.

sweettoni37	Well you will receive notice's concerning your need to pay the bill in the mail, You may even receive phone calls from the agency expressing their need that you pay and when will you plan to pay, But after awhile if you decide still not to pay, Then you will receive a notice in the mail from a Collection Agency informing you that your account has been turned over to them and that they will be taken action against you for payment. And if then you still plan on not paying then it will be put on your credit report for non-payment, Some companies take you to court and try to get the money from your pay check this would be called a Garnishment of your Wages where they w/the help from the Court System have payment taken out of your check when you get payed. I HOPE THIS DOESN'T HAPPENED TO YOU, If so you can Always File Bankruptcy this will keep them from doing so. But hopefully for your sake it want lead to that.

Mariposa	Your account will continue to grow due to interest rates. They will eventually get a court summons. Depending on your limit, they can garnish your wages until it is paid off. The judgement will stay on your credit report for 7 years.

button moon	id say fair play lol, but they will try all means to get back so beware

nelly	only a complete twit would think of a question like that "look after your future only you are going to spend time there" so dont make it difficult.

louise	demand letters, then debt collectors, then court orders, then jail. good luck with that.

Starry Eyes	your card would charge off and you would get an R9 on your credit rating. you won't be able to get a house, car, loan, rental car, nothing.

y que?♣	i did that and all they did was call me everyday and askin when i was gonna pay eventually i stopped answering the calls and they kept leaving messages and saying it was gonna go into collections then collections would call me and said i would never get credit ever or be able to buy a car and 3 months later i bought a car under my name ...so eventually they just cleared it i guess...i say go for it just dont answer when they call cuz they're rude!!

kfaulk211	1. You will have to give back everything you purchased with the card. If you cannot pay it back, the IRS will deduct it from your income. 2. You will never, EVER be able to buy a home, a car or get a loan again. You will never get a credit card again. 3. You could go to jail.

blackwidow2408	You would get in a lot of trouble the credit card companies get quite nasty now they send letters to start then they get court orders and the baliffs come in and take your property to pay the debt