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  • Danny says:
    Credit Recommend a Recommend u Recommend rsearch Card O Recommend a Card Credit 0s Credit a Oral c Credit asearche Card rsearchh Credit e Recommend o Oral mn Credit Recommend 2 Recommend Recommend eomsearchn Oral Credit

    David, I would recommend READING THE ARTICLE! It answers your questions.

  • diego garcia says:
    February 4, 2009 at 1:34 pm

    i own like $8.000 plus two houses and a car… i was doing my resident ship and everything was fine but now immigration said that i was married just for my papers and that is not true so i stop paying my bills i can’t even work in USA any more until this is clear.. so what i did was send letter to all debts telling to charge the ins (immigration) because they don;t allow me to work here any more… jajaja I’m cool i don’t need a work any more i have good saving and off course the money is in my country already.. and i love this country honestly god bless America but i was a good citizen i went to college i was in the university and i am not one of those crappy Mexicans but hey this country sucks when they choose who they want to live here and who they not.

  • jaja says:
    February 24, 2009 at 6:52 pm

    I am going to lose my job soon.. and I have about 9000 in debts.. do let you hold payments till you get a job?

  • jaja says:
    February 24, 2009 at 6:52 pm

    I am going to lose my job soon.. and I have about 9000 in debts.. do they let you hold payments till you get a job? does anybody have any suggestions??

  • Disenchanted says:
    March 25, 2009 at 11:56 am

    It was the banks fault and the banks should pay!

    After watching my family’s net worth tumble, through no fault of our own, I stopped paying my credit cards last November. Just recently I was able to settle with the first company for about 60 cents on the dollar. I’m sure the rest will follow, since they are in worse shape than I.

    Sure, I’ve hurt my credit score but frankly I am not concerned. I have a mortgage, with a decent rate, that I will continue to pay. And I own my cars outright. (Anyone that would take out a loan on a new car AFTER LAST FALL is asking for trouble, IMO – especially from GM. Save your money!) No one is certain the banks will ever lend freely again, and who needs them? Last fall, we all came dangerously close to watching our Wal-Marts become trading posts. The system collapsed, and if it wasn’t for the government throwing money at the banks a Mad Max-type economy might have replaced capitalism. And who knows, it still could since no one is sure the “bad bank” solution will work.

    No matter what, don’t let the banks bully you. At this point, they need us MORE than we need them.

  • jackie nico says:
    April 2, 2009 at 4:03 am

    I did the same as the fellow before me, but i didn’t wait for it to get into collections. I refused to pay for just under 3 months, until they settled with me. They gave me ZERO percent interest until i pay off the entire balance, which essentially cut my bill in half.

    They just wanted their initial investment back i suppose. I stopped paying because they raised my interest rate from 9 to 19 for NO reason. Its just a game of chicken, and if you aren’t worried about damaging your credit a little bit (who cares its worthless now anyway) then do the same.

  • jimnext khan says:
    April 16, 2009 at 7:08 am

    I owe $7000 plus on two cards and it’s been a year since my last payment. They call me and I ignore . I have some financial problems that’s why I can’t pay . I asked the collector to reschedule my dept and let me pay the amount that I can pay but they are not responding to my request and asking me amount that I can never pay. I am afraid of what would happen if i continue ignoring their calls and letters.
    Can any one tell me what I can do and Can they drag me to police / courts / trials / .. etc.

  • says:
    July 9, 2009 at 9:03 pm

    i have numurious c.c. debt right now i am paying little by little,but end of month i don’t get anything leftover for my saving so what should i do?

  • Maykell says:
    December 8, 2009 at 6:53 am

    I have been thru bankruptcy before a foreclosure got a new house sold that one I have new 30000 debt in credit cards, that I not going to pay, who cares , you can walk away and get new ones in like 3 years , never pay them back.

  • Paul Hamm says:
    January 19, 2010 at 10:40 pm

    manny desai, save your self stop pay the rat basters. they took all americans with large bail outs ( your money)( your childrens, childrens money) the biggest in the history of the of nations. if not the world.

  • Mae says:
    January 26, 2010 at 2:05 am

    I have 4 different cards…each one has anywhere from 1000CND to 6000CND owing. I am out of the country…been paying the monthly payments for 9 years….not getting anywhere…I am now in the position that I just can’t afford to pay them anymore…I need to know if I stop all together…can I go to jail if I enter the country again? I mean I really don’t care about the credit rating…I don’t want another card again…and I will never own my own house..so just need to know if they will bother to come after me for such a small amount (when you look at what others owe)..I don’t have any cars, houses, or anything that could be used as collateral…does anyone know?

    Need to fix this ASAP!!!

  • Dave says:
    March 16, 2010 at 9:38 pm

    Hello I owe chase 24000 dollars because they bumped my interest rate to 29.99 after one two day late payment. it was 3.99 then 7.99 …..if I dont pay what happens in the end?

  • N.Nag says:
    March 19, 2010 at 4:48 am

    sir
    i have taken a personal loan which is iam not paying from two years now iam not in a position to pay the loan , but the bankers are saying that they have issued a warrent , so kindly suggest me the way to be safe from warrent or how should i escape from this problem
    pls any one help me out frds

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    August 10, 2010 at 11:42 am

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  • Farah says:
    August 10, 2010 at 12:34 pm

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  • says:
    May 31, 2011 at 4:15 pm

    I am retired on a small soc sec income and some self-employment. We have depended on my wife’s part-time work to pay our cc, which we have been doing. Now, she cannot work and must file for disability. We have about $30,000 cc debt. What will happen if we don’t pay anymore? I read the article on this page and it didn’t say anything about that that I could find. Thanks.

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    December 24, 2011 at 2:31 pm

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