2007-04-23 13:31:40 · 8 answers · asked by dfg2007@sbcglobal.net 1 in Business & Finance ➔ Personal Finance
The word "can't" sounds awfully final. Many credit card companies will send you "settlement" offers. Many of these offers will be for pennies or dimes on the dollar.
I would go get two or three jobs and work my rear end off for an entire year and get rid of these debts! They are nothing more than boat anchors that will continue to drag you down until you get rid of them!
2007-04-23 13:57:43 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Is this a serious question? If you don't pay your bills than you have debt collectors harrassing you until no end. Keep running buddy, they will find you. And all that crap goes on your credit report. Not good! people look at your credit report all the time. If you want to buy anything anymore, guess what? thats what they look at. stop mooching off the tax payers money and pay your bills jackoff!
2007-04-23 13:37:17 · answer #2 · answered by flygemini25 1 · 0⤊ 0⤋
Actually after going through collection agencies they will hire a collections attorney who will summon you to court. You will set up a payment plan and if you don't make the payments the attorneys have the ability to do a bank levy which is where they take all the money out of your bank account and they can take the money directly from your employer which will come out of your paycheck. If that is not possible they will go after your possessions. Sometimes bankruptcy actually is a better option.
2007-04-23 13:38:40 · answer #3 · answered by erdnuss_schlampe 2 · 0⤊ 0⤋
Well you best be getting a loan to pay them or bankruptcy is the answer. You can do it yourself and it will safe lots of money through We Are The People in your yellow pages.Good luck you've got a lot stress on ya
2007-04-23 13:37:06 · answer #4 · answered by bluemoon 2 · 0⤊ 0⤋
Eventually the credit card company will put you into a write off category and report it to collection agencies.
This will stay on your credit report until you pay it off or for at least 10 years.
2007-04-23 13:35:17 · answer #5 · answered by ♥♥The Queen Has Spoken♥♥ 7 · 0⤊ 0⤋
What do you mean, "can't pay your credit card bills?" You took on a legal obligation to pay your debts when you accepted and used your credit cards.
What I suspect you really mean is that you didn't educate yourself on personal finance and got in way over your head.
Do you want a way out? If the answer is YES, there is something you must do. You MUST change your relationship to debt, credit and money--otherwise you'll simply end up in this situation again and again. I know. I've been there. Got the battle scars to prove it. AND, the good credit to show that I've won the war!
How'd I do that? Go to www.GoldenRocFinancial.com or Amazon.com and get "Kill Off Your Debt-and LIVE!" In that book you'll find several exercises to help you change your relationship to debt, credit, and money that you won't find anywhere else. In addition, you'll learn how to kill off your debt in a proven, easy step-by-step process--WITHOUT INCREASING YOUR INCOME!
Heck, if it worked for me and thousands like me, it'll help you, too.
Want to improve your credit score? It's in the book. Want to kill off your debt as quickly as possible--no matter how much debt you have? It's in the book. Want to kill off your mortage in under 8 years?! It's in the book.
What does it take? Belief that it can be done, and your passionate desire to Kill Off Your Debt-and LIVE!
2007-04-23 13:47:50 · answer #6 · answered by Pete S 4 · 1⤊ 0⤋
you will have bad credit, and no buisness will ever give you a loan, or a car based on credit. You won't be able to buy a house unless you have cash. It sucks to have bad credit...I know
2007-04-23 13:35:44 · answer #7 · answered by kristina43 5 · 0⤊ 0⤋
eventualy, they will hike up your interest rate to over 20% then you will be in even bigger trouble. pay your minimums at the very least
2007-04-27 13:10:42 · answer #8 · answered by zioncanyon 3 · 0⤊ 0⤋