what would happen if none us paid on credit or collections?

Question

if we pick a day say july 1 2007 and quit paying on credit cards and collections it wouldnt take long to put them all out of buisness. they couldnt afford to sue everybody. theyd have to come up with a whole new credit system. and dont tell me it would destroy the economy. were throwing billions at iraq it doesnt seem to affect much. lets all get together and shut em down. whoes with me?

Answer 1

Be responsible. You bought it, so pay for it. If you don't like credit card companies, start paying cash for everything.