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Debtconsolidationcare.com - the USA consumer forum

Unpaid credit card debt

Date: Tue, 08/26/2008 - 05:00

Submitted by anonymous
on Tue, 08/26/2008 - 05:00

Posts: 202330 Credits: [Donate]

Total Replies: 4


I have a credit card that has a balance of 17,500.00. About a year ago my ex husband stop paying child support and I could not pay the monthly bill. In addition, I was paying 25% interest.
In short, I have not paid for a year now. I am going to be cominig into some money from some stocks I have so that I could give the credit card about 10,000 dollars. Since my credit is already ruined, what would be the advantage of settling this account for 10,000? What would happen if I never paid them anything at all?