Comments on: What Happens If I Don’t Pay My Credit Card Bill

By: Dave

Dave — Wed, 17 Mar 2010 02:38:45 +0000

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?

By: Mae

Mae — Tue, 26 Jan 2010 08:05:19 +0000

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!!!

By: Paul Hamm

Paul Hamm — Wed, 20 Jan 2010 04:40:57 +0000

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.

By: Maykell

Maykell — Tue, 08 Dec 2009 12:53:13 +0000

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.

By: manny desai

manny desai — Thu, 09 Jul 2009 21:03:32 +0000

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?

By: thegio

thegio — Sun, 03 May 2009 23:24:43 +0000

I don’t have a social security number because I’m an international student who has lived in the U.S. for the past 15 years. I have never asked the government or anybody for help! Used to run my own small business, but the economy has gotten to me! I can’t pay my credit cards anymore, but I can’t file for bankruptcy either since I don’t have a SS#. What can i do? How can I get in trouble?

By: When the credit card collector calls

When the credit card collector calls — Mon, 20 Apr 2009 05:11:27 +0000

[...] you that they can decrease your interest rate or they can allow you to make a very minimal monthly payment. some even offer a $3 per month payment plans but this is rarely more than a [...]

By: jimnext khan

jimnext khan — Thu, 16 Apr 2009 07:08:24 +0000

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.

By: jackie nico

jackie nico — Thu, 02 Apr 2009 04:03:03 +0000

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.

By: Disenchanted

Disenchanted — Wed, 25 Mar 2009 18:56:33 +0000

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.