2007-08-29 05:26:35 · 9 answers · asked by shelly l 1 in Business & Finance ➔ Personal Finance
Pay your debt....
They can collect for 7 YEARS, and ruin your credit for even longer.
You spent the money, you owe it... PAY IT.....
2007-09-02 04:21:06 · answer #1 · answered by I Can Count To Potato 7 · 0⤊ 0⤋
If you don't pay them, it can affect your life in a lot of ways--not just giving you a poor credit rating. Many car insurance companies check your credit--translation, bad credit means higher insurance rates. Your credit rating can also affect your ability to get a job, or rent an apartment. The creditors may eventually stop coming after you, but it's better to try to reach a settlement offer with them if you can't pay them off
2007-08-29 12:35:22 · answer #2 · answered by Kat 2 · 0⤊ 0⤋
Try debt consolidation. Try the Care One website. I just did it the other day with the exact same situation ur in and it saved me 133 a month in bills total and lowered my interests rates on my cards.
2007-08-29 13:41:07 · answer #3 · answered by ? 3 · 0⤊ 0⤋
Possibly, but if they are charged off, they'll mess up your credit for years. You'd be a lot better off figuring out how to pay them.
2007-08-29 12:41:34 · answer #4 · answered by Judy 7 · 0⤊ 0⤋
forget it you will soon owe 3000 on several credit card bills due to interest == did you receive the goods/services if so than get off you duff and pay your - honest -- debts -- i would like to see just one employer come onto answers and say i have 5000 employees and i am not going to pay this month -- do you think they will forget their wages-- get real!!!
2007-09-01 18:40:21 · answer #5 · answered by mister ed 7 · 0⤊ 0⤋
Charge offs will kill your credit. Why do that just to steal a few bucks?
2007-08-29 12:39:13 · answer #6 · answered by Anonymous · 1⤊ 0⤋
they will be charged off and you will surfer the wrath of collectors and your credit score dropping. there is no reason why you shouldn't at least attempt to pay them off.
2007-08-29 14:09:13 · answer #7 · answered by sa_183327 2 · 0⤊ 0⤋
eventually they will be sold to collection companies, then, if you never pay, they will write them off, but they will take your credit rating down in the process...
2007-08-29 12:35:51 · answer #8 · answered by Anonymous · 1⤊ 0⤋
they will just keep pileing on the intrest till its collected!
2007-08-29 12:34:22 · answer #9 · answered by Anonymous · 0⤊ 0⤋