Tuesday, August 24, 2010

What's the worst case scenario that could happen if I don't pay my credit card bills???

Court, judgment entered AGAINST you, creditors garnish your wages and seize your bank and savings accounts or put liens on your properties. Stays on your credit reports for 10 years if a judgment is entered against you.What's the worst case scenario that could happen if I don't pay my credit card bills???
The accounts will be closed and ';charged off'; by the creditors, the info will be put on your credit record for up to 10 years. your credit score will plummet, and the credit issuers have the right to take you to court, garnish your wages and or reposses your property that was bought with said card(s).What's the worst case scenario that could happen if I don't pay my credit card bills???
bankrupcy
you will have cases against you in courts and that will always appear on your NBI record unless dismissed. you will have a hard time applying for a job since most employers won't hire people with pending cases. you will have a problem in applying for visas when you travel abroad as some embassies require you to supply your NBI clearance.





you will have a very hard time to get other types of loans like salary, auto and housing.





you will have a next to impossible chance of opening a checking account.
they come round to take away your possessions. you cant get a mortgage or any further credit and have a history of bad debt.
sue you by the bank.
Sucking at Gitmo...


and you don't even like sucking .
Complete disaster for the rest of your life
The back will take your house then you will be homeless and have nothing left and you will die.--WORST CASE---
Bankruptcy and inability to ever get another job or credit.
You lose them. They go into collections. The court decides to take the money from your paychecks. You credit score goes to 0, and it will stay that way for about 7 years.





No cars, houses, cards, loans for that time.





And even employers now look at your credit report.

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