What happens if I default on my credit cards?

what happens if i default on my credit cards

jeffysdad Centurion Member

Posts: 875 Joined: Thu Apr 30, 2009 2:32 pm Location: Texas
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If you're a responsible grown-up.

you'll do what you can to pay your bills and not be a deadbeat. Didn't they teach you that in graduate school?

American Express. Blue Cash Preferred (groceries, 6%; gas, department store, 3%); Gold Delta SkyMiles (Delta Air Lines, 2 miles/dollar, free checked bag).

US Bank. Cash+ (utilities, phone, internet, restaurant, 5%; drugstores, 2%).

FIA Card Services. Fidelity Amex (everything, 2%); Fidelity Visa (everything, 1.5%).

I concur.

and would like to point out that the consumer debt and mortgage crisis along with the doctrine of "too big to fail" have brought about a seismic shift in many people's ethics with regard to debt. The OP showed absolutely no concern about breaking a contract and walking away from a legitimate debt. Now many people are only focused on the consequences of breaking contracts (one's word) rather than the actual act. It's rather pathetic, I think.

American Express. Blue Cash Preferred (groceries, 6%; gas, department store, 3%); Gold Delta SkyMiles (Delta Air Lines, 2 miles/dollar, free checked bag).

Source: creditcardforum.com

Category: Credit

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