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?
Sub: #1 posted on Tue, 08/26/2008 - 07:30
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Is this particular credit card the only one that you have, and is it the only one that you are in trouble with?
Sub: #2 posted on Tue, 08/26/2008 - 07:50
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Sub: #3 posted on Tue, 08/26/2008 - 09:26
Sub: #4 posted on Tue, 08/26/2008 - 09:42
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