What can happen if I refuse to pay anything against my CC debt?

OregonGuy

OregonGuy

Senior Member
I am 78 widowed and owe $15,000 in credit card debt. I have NO assets. My only income is SS and PERS totaling $3,300 per month. So what can the CC folks do if ..
A, I just make minimum payments until I die.
B. I make no more payments.
 

Naturally said:
If you make minimum payments each month as required ... well, you're doing all that's required.
If you make no more payments, expect lots of phone calls from people wishing to discuss that with you.
Also expect that you may never be granted any form of credit going forward or credit at very high interest rates.
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My credit is already shot and I never answer phone calls.
 
OregonGuy said:
My credit is already shot and I never answer phone calls.
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Sounds like you've been there done that and this circumstance isn't a new experience.
Well then, if you make no more payments, at a minimum ... you won't be able to use that credit card account again.
I said credit card singular but I suspect we're talking about multiple cards maybe.

Can they get to your SS or PERS ?? ... that I can't answer. I suspect they can dun your PERS after legal recourse but not sure.
Some may just write the debt off but it remains on your credit record.
 
OregonGuy said:
I am 78 widowed and owe $15,000 in credit card debt. I have NO assets. My only income is SS and PERS totaling $3,300 per month. So what can the CC folks do if ..
A, I just make minimum payments until I die.
B. I make no more payments.
Click to expand...
Check on the statue of limitation on debt in your state. There are various laws concerning debt, A person l know owes an homologous amount on a credit card but hasn't paid anything on it for 10 years and though she still owes the debt creditors can't go after her In a nasty way. she still owes and affects her ability to obtain additional credit. Check with an attorney please. You can probably find free or low cost help,
 
OregonGuy said:
Cool! I have no co-signers promissory notes etc. So they can't attach my Social Security or PERS?
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I read about a man who's social security was withheld because he didn't pay a hotel bill...seriously! It didn't happen immediately though. I don't know why or how they were able to jam him up like that nor how common (or uncommon) such an extreme action is. That may be something you'd want to check with the social security office about.
 
If you can afford that minimum payment, it might just give you peace of mind to do so. I have heard they cannot garnish SS payments. Don't know about any other income.
 

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