2007-08-23 08:22:47 · 7 answers · asked by pogi 1 in Business & Finance ➔ Credit
What happens is that your completely trash your credit and get one of the barely 500 credit scores. Then you can come back here and cry that you can't get a car loan or a mortgage or decent interest rate credit card.
You charged on that credit card, now pay it.
2007-08-23 08:35:01 · answer #1 · answered by bdancer222 7 · 1⤊ 0⤋
if you don't pay yor bill, they first start charging late fees. after about month 2, they up your interest rate sky-high. you also can't charge anything new. then, the collection calls and letters start, and that lasts about 12 months. after that, they sue you, and can take payments directly from your employer's paycheck. pay your bill or call a lawyer, 'cause you're in deep!!
2007-08-23 15:29:41 · answer #2 · answered by rachel 5 · 1⤊ 0⤋
bad credit. try calling your credit card co. and see if you can work something out. hope this helps, good luck.
2007-08-23 15:31:50 · answer #3 · answered by Anonymous · 0⤊ 0⤋
more interest, late fees and being reported to the credit bureaus.
2007-08-27 00:42:05 · answer #4 · answered by luciousgreeneyedlady 5 · 0⤊ 0⤋
Only you know why you are not paying your bills.
2007-08-23 15:27:25 · answer #5 · answered by Suzy 5 · 0⤊ 1⤋
the poor pay more
2007-08-23 15:36:22 · answer #6 · answered by Anonymous · 0⤊ 0⤋
More & more interest.
2007-08-23 15:29:39 · answer #7 · answered by Beatrice 3 · 0⤊ 0⤋