Can you go to jail if you do not pay your credit card bill? No, If you stop paying your credit cards, your life will become a lot more difficult. The first thing that will happen is that your credit score will drop like a rock. A few late payments can drop your fico score as much as 200 points. Your credit card company is going to raise your interest rates and start tacking on late fees.
When Will Creditors Starting Calling Me If I Get Behind On My Bills? Continue Reading »
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Posted in General Debt Articles
If you are behind on your bills and are being hounded by your creditors, the experience can be unsettling. Many people are curious as to how long it takes for their past due accounts to be turned over to a third party collections company or collection agency.
It Can Take 90-120 Day For Your Account To Go Into Collections Continue Reading »
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Posted in Credit Card Articles
