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For the last two years I have had a pretty much perfect credit score. Lately I had to stop working due to problems with a pregnancy and we can’t afford the 300 bucks a month to pay back my credit cards. I have tried to contact debt management companies but they always ask, “How many payments have you missed?” I guess you have to be in big trouble before they try to help you?

Anyways, I haven’t paid them for 2 months. Please tell me… what can they do to me? Can I be taken to jail or anything drastic like that? I don’t’ have anything bought with the cards that can be repossessed.

I actually want to declare bankruptcy and just start over in 7 years when if falls off the record.

Any advice about this is appreciated. Thanks.
couldda, shouldda, wouldda.

Of course I know you aren’t supposed to charge more than you can pay off each month, how else do you think I got a perfect credit score?

Basically I got screwed by a room mate and had to put alot on credit.. plus there was a time which I had no insurance and had to pay for medical stuff by card.

And of course my husband works.

3 Thoughts on What can a credit card company do if you don’t pay your bill?
  1. Reply
    October 27, 2011 at 1:53 am

    Well, that is the perfect reason not to live on credit. Charge only what you can afford to pay in full each month.

    Bankruptcy is not the answer. Can’t your husband work?

    They can sue you and win a judgment against you. This is UNSECURED debt so they can’t take anything from you.

  2. Reply
    LuvThosePurpleShoes !!!
    October 27, 2011 at 1:58 am

    they can sue you and then get a judgment against you to pay which can include freezing your bank account and garnishing your wages

  3. Reply
    October 27, 2011 at 2:17 am

    I wouldn’t suggest bankruptcy. Most people think they can just file bankruptcy and everything will be “peachy”. It just doesn’t work that way.

    And where are you going to get the money to pay the lawyer. These guys aren’t going to represent you just because you’re having a rough time.

    You need to quit using your credit cards and find ways to bring in extra income. Maybe you can take in laundry or have a few garage sales. Ebay and Craigslist might offer possibilities. And “Hubby” may have to take on a part time job until you get back on your feet again.

    Check out Dave Ramsey’s web site ( Dave is a nationally recognized financial advisor and advocate for a debt free lifestyle. His shows are broadcast on the radio and the Fox Business Network daily where he offers free financial advice to people in your situation. You might even wish to call in to the show or email him about your situation. I’m sure he could help.

    Knowing that there is a problem is the first step in correcting it. Good Luck.

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