Can I get into major trouble for not paying these off?

I have got two credit cards that they have already sent to collections. Can I get into major trouble for not paying these off, it was about 700 dollars in all?

6 Answers

If you are not paying your debts on time, then the collection agencies can file a lawsuit against you. Once the court issues an order against you, they can garnish your wages or place a lien on your property. That’s why it’s better to pay back all your dues on time. You may try to set up a payment arrangement with them.


amy,amy,amy.again advising that crap.STOP IT!!!!!!!!!!!!700.00 is totally doable without even consulting a place.geez.

giving hope to the hopeless,help to the helpless,and hap to the hapless.

If it is only 700 dollars, then I would advise you to pay off the debt. Soaplady has already pointed out the disadvantages. You wouldn't want to get into trouble. What state are you in by the way? Is wage garnishment allowed in your state?


Contact a debt consolidation company so that you can lower the interest rates and ease off the repayment schedule. Don't let the account grow in interest rates as you may find it impossible to repay in the long run.


Pay off the debt as fast as you can afford to. The longer it stays on, the larger the debt grows and the more trouble you will have paying it off.


Well besides the damage that it has done to your credit, charged of accounts continue to grow. with interest.  The creditor could decide to sue you and garnish your wages.

How to Deal with Illegal Loans..OhioGal's Primer
http://www.debtconsolidationcare.com/paydayloan/dealingwith-illegallenders.html
PDL's are ILLEGAL in the following states...
AR, AZ, CT, GA, ME, MD, MA, NJ, NY, NC, PA, VT AND DC
OH AND NH have very restrictive low cost interest rate laws.

SOL for all states
http://www.debtconsolidationcare.com/statute-of-limitation.html

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