It’s a common question among people, “Why pay my credit card bill?” when they have amassing credit card debt. If you have the same question in your mind, then it will last only for next few months that you will be having some extra cash in your pocket, but then you will definitely face major repercussions.

If you decided to be delinquent on your monthly payments then you will face:

1 – Calls from Creditor

The worst thing which you will face is the continuous calls from the creditors demanding for their money. Usually collectors make calls 8 to 10 times a day, on your cell phone, home and also at work. This is about the collectors who follow the rules. The creditors will speak to your boss, neighbors and family members though it’s illegal. And if they get you on phone then they will exert a psychological pressure on you to pay back their money. In simple words, they will do everything to make you pay them their money. Read the full story

The by-bidder is known as an example of a bidding strategy that many people consider to be unethical, and in a number of locations around the world it is actually illegal. Essentially, a by-bidder is an agent by whom a bid is chosen in an auction with the express purpose of raising the price of the bids that are placed on a particular item. This activity results in motivating legitimate bidders to place higher bids and this will surpass the offers submitted at part of the by-bidder approach for having a chance at winning the auction.

The purpose of engaging a by-bidder

A by-bidder is generally engaged by the owner of the item that is to be auctioned generally for the purpose of obtaining a price for the article that is more higher than what would have been obtained otherwise. The process that is used by a by-bidder is very simple in order to accomplish this.

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If you are under any kind of significant debt, you must have experienced, or heard from your friends about debt collectors. You may be relaxing in your home and suddenly the phone rings, and its no one you know, it is a stranger who is trying to harass you about the debt you owe. As if you already don’t know about it!

This problem could lead you to the point where you become frustrated and nostalgic every time the phone rings. No matter how much debt anyone owes, it is not fair to irritate one to this extent. And due to the recent credit crisis, there has been a major increase in the number of debt collectors.

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These are difficult times for our economy. Each one of us is feeling the pinch due to increased cost of living. It is getting very difficult to make ends meet. In difficult times like this it is very easy to amass a huge credit card debt. It can happen to anyone. Even to people who have been financially responsible. “Can I just don’t pay my credit card bills?” is the question many individual ask themselves and friends. This option is very much there. It also will give you some extra cash for few months ahead. But following are few of major problems you can get yourself into if you stop paying your credit card’s monthly payments.

Collection Calls

This is most scary part of Credit Card Game. Credit Card Companies will constantly call you and demand their money back. Collectors may call you 5 – 7 times a day. They will call you at home, They will call you at work and they will call you on your mobile phone too. There have been some reports that collection agents have been calling bosses, co-workers, and family members (which amounts to harassment and is not legal). They go to any length to get you on phone and when they get you on phone they use a lot of psychological techniques to lure you into giving them checking account numbers and other banking information. They will use every trick to make you pay. One of  the well known methods is that they intimidate and threaten you by telling you that they will take your house, car etc. Or they will bring police to your home. all this can be very stressful on some people. You will also start getting letters in the mail from them that may eventually turn more demanding.

Don’t get intimidated by them, Know your rights and report any violations to police and seek help. Most of the credit cards are unsecured so no one can take your car, house, furniture, etc. Worst thing these credit card companies can do is…  they can really damage your credit score.

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