bills like credit cards and things like that. not utility bills
2007-02-01 09:40:00 · 13 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
Your credit is wrecked. You will start to get harrassing phone calls from collectors. Do not get on the bad side of the credit card companies. They play very dirty.
Own up to what you've spent, and pay it off.
2007-02-01 10:19:26 · answer #1 · answered by Jen G 5 · 0⤊ 0⤋
PAY AT LEAST THE MIN!!!!
THIS IS A MUST!!!
you will mess up your credit score so bad. as long as you have bad credit, you will never get good interest rates on things like: car loans, home loans...
this may seem like a million years away, but your record will stay with you. at least in CA, it's 7 yrs to get bad history off your record. it's prob about the same in your state too. besides, it's not like you only have to have "not bad" credit to get good interest rates, you actually need to have "good" credit. loans are crap cause you pay way more just because you have to borrow. don't make it any harder than it already is!!
nothing in life is free. you buy, you pay. PAY AT LEAST THE MIN!!! and more if you can!!!
i messed up my credit really bad 5 yrs ago by just not paying my credit cards. it still hurts.
2007-02-01 09:51:48 · answer #2 · answered by shan merc 2 · 0⤊ 0⤋
If you don't pay your bills it effects your credit score. That means you will pay more for insurance such as your car insurance, interest rates for loans and adjustable items like consumer loans. It also means that the convenience and ability to borrow funds for home items, gas cards, credit cards, et al, will be denied to you. It is a terrible way to live.
2007-02-01 09:49:13 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Your creditor may make some attempts to contact you. Eventually they will sell your debt to a collection agency who will harass you until you pay the debt.
Additionally your credit rating will be trashed which will make renting a home, buying a car and many other things very difficult. Additionally having bad credit makes your insurance more expensive and may even affect your employment prospects.
2007-02-01 09:45:58 · answer #4 · answered by VATreasures 6 · 0⤊ 0⤋
I think u should keep the contract going and tell 3 that the phone is lost and buy out the contract, because 3 can bring you to court and you could have bad credit history so you wont be able to have a morgage or sky for example.
2016-03-29 00:28:01 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Your bills will go to collections. If you don't pay off the collections, your wages could be garnished.
2007-02-01 09:48:55 · answer #6 · answered by zsmom 3 · 0⤊ 0⤋
You'll go to jail if you keep stealing money and don't make some type of settlement with the folks you owe money to.
2007-02-02 01:06:16 · answer #7 · answered by derek 4 · 0⤊ 0⤋
well it will go on your credit report and will affect you for quite some time. and will hinder your chances of purchasing anything else with credit..
2007-02-01 09:46:27 · answer #8 · answered by greeneyedredhead 2 · 0⤊ 0⤋
You end up bankrupt like me !!!!!
In some cases your debts can be written off.
I owed 10 grand and had it wiped out,
I'm now debt free
2007-02-01 10:01:36 · answer #9 · answered by Elle J Morgan 6 · 0⤊ 1⤋
Interest charges. at least pay the minimum.
2007-02-01 09:42:32 · answer #10 · answered by Anonymous · 0⤊ 0⤋