8 Thoughts on What can happen if I cannot pay off my credit card debt?
  1. Reply
    James M
    April 20, 2013 at 8:50 pm

    well they can take your card away and probably repo your stuff.

  2. Reply
    April 20, 2013 at 9:18 pm

    Your credit will be affected. Do everything you can to make the monthly payment. Nothing is worse than bad credit. You can’t do anything.

  3. Reply
    April 20, 2013 at 9:30 pm

    nothing physically, (:
    you get black balled and noted in the credit bureaus and the next time you try to get a loan or buy something while appling for a cr cd. they are notified and they know you did not pay the cr cd.
    in essence, you get turned down for failing to pay your amounts due on your deliquent cards.
    sorry, nothin pleasent there….

  4. Reply
    April 20, 2013 at 10:01 pm

    You will have bad credit and may not be able to get things you need that credit for in the future, for example a home mortgage, a car loan, or even furniture.

  5. Reply
    April 20, 2013 at 10:12 pm

    In short, they’ll hassle you forever and make your life hell until you will want to pay your debt if only to regain some sort of peace back in your life.
    By using services from a debt relief organization you will stop receiving phone calls asking you for money. You will pay a fixed rate amount every month which will never go up. You won’t be dealing with your creditors any more. The “debt relief people” will be paying your bills for you, and your credit card company is out.
    You then pay the debt relief company.
    lots more here:
    good luck!

  6. Reply
    Cary 1971
    April 20, 2013 at 10:30 pm

    Your credit will be destroyed.

    Call Consumer Credit Counseling ASAP!! Before you have any judgements against you. They’re in the phone book or try http://www.cccs.org.

  7. Reply
    April 20, 2013 at 11:08 pm

    You debt will keep growing until they decide to stop your card. Then they will report you to the credit reference agencies so that no one will give you any credit any more. Then they will take you to court and in the end the bailiffs will come.

    The best course is to immediately stop using your card, and live very frugally until you pay off the debt. Then learn to live within your income. It is the lesson of life which we all have to learn.

    Remember Shakespeare: Income $ 1, expenditure 95 cents, result happiness. Income $ 1, expenditure $ 1 and 5 cents, result misery.

  8. Reply
    April 20, 2013 at 11:16 pm

    First off,im a bill collector,dispelling all myths,not all collectors,are cuthroat,non caring people,i got into the business,because i was in the same boat. First of all,you have to sit down,and figure out,whats the reasoning,for not being able to pay it,secondly,you have to also check out other means,in which to resolve it. Whether it be borrowing, a refinance of your mortgage,etc… Many people on here say,i dont want to refinance my home, but consider the other options, depending on the state,your home may weigh in involuntarily. Most creditors, if they choose to,can place a judgement, in which your forced to pay a debt, plus lawyer and court fees. Or,another choice, bankruptcy…which i advise against, due to the fact it ruins your credit for years. So weigh out all options, and make a decision from there. 🙂

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