What Happens If You Never Pay Your Credit Card? (Explained)

You missed a credit card payment, now what? What happens if you never pay that debt? Will the credit card companies go after you? Will collection agencies start annoying you? In this video, we explore what would happen if you simply don't pay off your credit card debts.

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[dougs]

Video didn't mention Chapter 7 Bankruptcy, which is the better option

[prakashnmoorthy]

so much blackmail in this video. wish the same standards applied to corporations who get bailed out with tax payer money. and govts who get bailed out by raking in ever increasing debt.

[Happiest]

If none of us pay what can they do lol go bankrupt lol

[straightedgelife]

So if you don't pay at all, what happens?

[akbuilder]

The banks got the money for very low interest rates.
Nothing even close to what they charge us.
I wish everyone would just stop making their payments.
The CC racket will grind to a halt.

[Greynor]

Crypto recked me I made 85k but then had to pay 11k in taxes. Of course market dropped 80% so I had no way to pay both taxes and card😢

[phish_]

people keep applying for credit cards and they never pay the banks!

In USA, you can apply credit cards easily even you are a non-US citizen or non-resident!!!

I’m afraid the banks will be bankrupt! Lowe’s store has credit card and I am not sure if the card holder are paying their credit card bills!

[Mikebuddy]

This video is very one sided and is intended to scare people.

[DynamicGracer]

The IRS will tax you for being THIS broke

Wow...

[Joshua_DeMoss]

If you’re on disability they can’t do anything to you. So if you’re to far in debt just say screw it. Pay cash for everything and cut up your cards. They can’t collect from you if you’re disabled.

[holyspot]

Bidenonmics has hit my wife and I. We had to stop paying credit cards to pay on other stuff, food, mortgage, cars. Figure we can wait 7 years, will take that long for economy to come back anyway. In mean time, can pay off cars, and lower mortgage to get back on track. As long as people wake up and stop voting Democrat.

[youknowmyfirstlastname]

What if I don't have a loan to pay for nothing?

[sH-ghww]

In 2024 there will be no credit scores no more could you please look up that information because I I’ve already heard it tell your people that listen to you that there’s not gonna be any credit scoring in 2024

[TunesofTransformation]

Sooo evrn if you get sent to court from collections but don't have a job for them to garnish wages then go to jail...after your free😅😅