Charge off credit cards (bankruptcy, collection, debt, sell)

[Ninetails]

Long story short I have about 4 cards I no longer care
to pay.

Should I let them charge off.

The threat of being sued does not scare or phase me.

I have better things to do with my money than pay cards
I do not want.

How many months from last pay does it take to charge off.

[maf763]

I'll let somebody else be the one to tell you it's OK to steal.

[Ninetails]

Originally Posted by maf763

I'll let somebody else be the one to tell you it's OK to steal.

I don't condone stealing pal. I also don't condone
the usery of credit cards, easily the most annoying
debt, how some people have ten or more of those
things amazes me.

[phone man]

If you quit paying, they will bombard you with calls and flood your mail box. they will find and call your place of employment and harass you. Most CC companies will not just charge it off, they will sell it to a debt collection agency who will then bombard you again with mail and phone calls. After you drag it on for years you can attempt debt settlement and pay pennies on the dollar to pay off your debt, but at the end of the year you get a surprise when you have to claim that unpaid debt as income on your taxes. Your best bet is to file bankruptcy and learn your lesson.

[maf763]

Originally Posted by Ninetails

I don't condone stealing pal. I also don't condone
the usery of credit cards, easily the most annoying
debt, how some people have ten or more of those
things amazes me.

You condone both, otherwise you wouldn't have rung up items on multiple cards that you don't intend to pay for. Call a spade a spade.

[UNC4Me]

Originally Posted by Ninetails

I don't condone stealing pal. I also don't condone
the usery of credit cards, easily the most annoying
debt, how some people have ten or more of those
things amazes me.

You do realize that people like you who default on cards make the interest rates higher for everyone? So, thank all those defaulters who came before you for your high interest rates.

[dazzleman]

Originally Posted by maf763

You condone both, otherwise you wouldn't have rung up items on multiple cards that you don't intend to pay for. Call a spade a spade.

Bingo.

[Ninetails]

Close thread. This is flamebait for those who believe in
paying back every cent they spend vs those who take
a laid back approach to spending.

[chet everett]

Originally Posted by Ninetails

Close thread. This is flamebait for those who believe in
paying back every cent they spend vs those who take
a laid back approach to spending.

WHAT?

I mean you gotta get real here -- what ever you bought with the credit cards is issue.

If you bought more than you could afford to pay for with incurring interest and used the option to finance then the agreement you entered into obligates to pay for fees & interest.

If you have no ability to pay file for bankruptcy.

If you do have ability to pay and simly choose not to you are a whole lot of things well beyond what any same person would call "laid back"...

[longnecker]

Originally Posted by Ninetails

Close thread. This is flamebait for those who believe in
paying back every cent they spend vs those who take
a laid back approach to spending.

a laid back approach to spending I guess we know how you feel about this. Don't we??