Many people have trouble paying their credit card debts — but those unpaid bills can do more than just bury you in debt. They can also lead to lawsuits. An occasional missed credit card payment might lower your credit score or raise your interest rates, but after four or five months of missed credit card payments, your credit card issuer might turn your account over to a debt collector. If you continue to ignore your debts instead of settling them, the debt collector might send you a court summons.
Can debt collectors take you to court? Absolutely. How often do debt collectors take you to court? Generally, debt collectors don’t issue a court summons unless they’ve already made other attempts to collect on the debt. Suing someone over an old debt is the last step in the debt delinquency timeline, not the first one.
DON'T BUY WHAT YOU CAN'T AFFORD. PAY YOUR FULL DEBTS. Pretty simple.
ReplyDeleteAgreed
ReplyDeleteIt's much much easier to stay out of debt than it is to climb out of debt.
ReplyDeletePeople are "stuff" addicts who use the shit they can’t afford to make themselves feel they're better than other people. It boils down to the mentality of "Who dies with the most toys, wins.
ReplyDeleteMake it a “charge card” pay the full balance every month, $5.00 or $5000.00 pay it in full.
ReplyDeleteMany folks are "stuff junkies", true, but others are overwhelmed with medical debt and are too sick to work to pay their bills. My wife used to do collection work for a medical billing company. Some of the stories were heartbreaking. Where's the church ladies when you need them?
ReplyDeleteGot rid of all credit cards and just use debit. If you can't afford it don't buy it. If you can afford it don't buy it anyway. Save your money to buy ammo. Lots of ammo. If you're reading this you probably have enough guns. Feed them.
ReplyDeleteRight on
DeleteJD
, which we just paid off at 16 months. I’m finding it harder to hang on to money now with inflation
ReplyDeleteYou missed about half your comment. Would you like to try again, and I'll delete this one when it shows up?
DeleteAn old co-worker of mine spent money on shit he couldn't afford. Mostly guns...
ReplyDeleteHe finally got sued for non-payment. His lawyer told him to just show up because if the credit card company's lawyer doesn't show up, you win the case. He won and basically stole close to $15k.