What can credit companies do to you if you don't pay or file bankruptcy?

I do not own a house or have any money in the bank. I do own a car. My job has cut back and i can no longer pay my credit cards. I have no money to file bankrupsty. Besides the calls, what can they do to me if i never pay them?

Asked By: buniluv34 - 3/23/2009
Best Answer - Chosen by Asker
The credit card company will try to collect for 180 days. After that, the account will be sold to a collections company, which will then pursue the debt... More
Answered By: patticharron - 3/23/2009
Additional Answers (2)
They have the right to go to court and get a judgment against you, (sue you). And they report it on your credit report for 7 years, 10 if it becomes a judgment. You will have a hard time getting credit. Try to pay them a little bit at least. Call them,they might help you out.
Answered By: girlygirl - 3/23/2009
girly is correct but they can also attach a garnishment to your income and get their money that way
Answered By: golferwhoworks - 3/23/2009
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