Walking Away From Credit Card Debts - What's The Outcome?

By Author: J.J. Yong
Total Articles: 963
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Do you dare to "walk away" from your credit card debts? What is your reasons of doing so? Do you know the circumstances or the outcome of doing so? Worst come to worst you might get sued out of this invisible violent act!

Bankruptcy

When you are unable to pay your debts and just avoiding of repaying what you owe and the worst part is your act of walking away from debts had been found out by the debt collectors, your house will get "clean out" by the banks, debt collectors and lenders, all parties that you owed money from. You will have to declare bankruptcy in the end, only then part of the story will ends. Whole new chapter of story begins when you have to strive hard to get back your normal life again.

Legal processing

Thinking that to walk away from the credit cards debts is just like waiving off to your ex? That's the totally wrong perception! You will incurred more cost than you think. When you received a court summon letter and you are out of way of helping yourself, requesting a 3rd party help, either a lawyer or debt settlement services, will add up to your debts you owe, in fact more than ...
... what you owed.

Tension

Well, when you owe someone money and not repaying them, what will you feel? Good? - as you can spend the money not out of your own pocket? Or you will worried every day and night that the debt collectors will come to your house, spray harsh words outside your house walls or scared that debt collectors will hired gangster to forced you to repay the debts? All this scenario might be seen in drama or movie, but take a second thought, will it be a reality in normal life as well?

Walking away with credit cards debt is really not encouraging and it is indeed against the law of trust between human being. To pay what you owe is the normal practice and norm in life.
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