Quote:
Originally Posted by wdfifteen
They can ruin your credit score and make your life miserable with demand letters and phone calls. It's easy for them - they let computers do the work.
The best way to avoid it is to set up a payment plan for a few dollars a month.
DO NOT ignore them. They start tacking on late fees, and then raise the interest rate, in a few months a $100 cc bill will balloon up to $1000. Credit car debt can be discharged in bankruptcy court, but it's not guaranteed.
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I stand corrected regarding CC debt and bankruptcy ... the changes in laws were regarding student loan debts a few years back.
I never accumulated debt (much
), and certainly never "bad debt" like via CCs, but walking away from it as an "easy way out" via bankruptcy, etc. is alien to me too.
To some folks .... "it's just business" .... I reckon .. it's just none of my business .... different strokes.