Do Not Pay Unsecured Credit Card Debt?

Many people ask what happens if they no not pay unsecured credit card debt. While it is a good thing to pay all your debts if you incur them, credit card debts are unsecure debts and are low on your debt priority list. So, if you other more important debts are not paid, do not pay unsecured credit card debt. Below is information on what if you do not pay your unsecured credit card debt. It is not a way to encourage you to not pay your credit card debt. For your specific situation, we urge you to consult your attorney or debt management counselor.

What happens if I do not pay unsecured credit card debt?

If you do not pay unsecured credit card debt, the creditor will send you reminders. If you still do not pay unsecured credit card debt, the creditor will keep calling you regarding your account. But, you don't have to answer the phone.

If you don't answer your phone, the creditor will keep calling you for months and send you notices. Some notices they send might be legal notices intended to scare you into paying your debt or at least answer your phone so they can scare you more into paying.

If they are not successful at getting a hold of you, they may sell your bed debt account off to a third party debt collector who may specialize in collecting debt similar to yours. The new debt collector will call you, send you letters, and threaten to get obtain a court judgement against you. They may even use more severe tactics to try to scare you into paying off the debt.

But, don't be scared into doing anything you did not plan to do. If you do not pay unsecured credit card debt, the creditors do not have a claim on your properties since the debt is unsecured. All they can hope for is for you to be scared enough to pay them. Most creditors threaten to sue but often the cases never go to court.