What will happen if I quit paying my credit cards?

THE eXchanger · 03-03-2009, 05:22 PM

i know one person,
who consolidated their loans,
made 1 payment,
then closed the bank account, that went to where they pulled it,
from once, a month...
they changed their telephone number,
to an unlisted one, and, didn't bother to open the mail,
they returned it, marked MOVED/new address NOT known
and, it didn't affect their credit, maybe because it was consolidated ?
until approx 7 years later,
when a myriad of collection companies,
tried to collect on them,
at that point, they had equity in their home,
remortgaged their home, and, paid off the debt,
at approx 40 cents on the dollar

so, pagan, is probably quite right
that, the 35 cent offer, just might work

the trick to money, is often raising your energy,
and, you, certainly seem to have a lot of that

03-03-2009, 05:22 PM	#30
THE eXchanger Avalon Senior Member Join Date: Aug 2008 Location: Spiritual eXplorer-Canada Posts: 4,915	Re: What will happen if I quit paying my credit cards? i know one person, who consolidated their loans, made 1 payment, then closed the bank account, that went to where they pulled it, from once, a month... they changed their telephone number, to an unlisted one, and, didn't bother to open the mail, they returned it, marked MOVED/new address NOT known and, it didn't affect their credit, maybe because it was consolidated ? until approx 7 years later, when a myriad of collection companies, tried to collect on them, at that point, they had equity in their home, remortgaged their home, and, paid off the debt, at approx 40 cents on the dollar so, pagan, is probably quite right that, the 35 cent offer, just might work the trick to money, is often raising your energy, and, you, certainly seem to have a lot of that