Q: Should I bother paying off credit card debt ? Or should I just default?
A:
Let's not put the cart before the horse, or you won't get anywhere.
Go see a BK lawyer. You can easily find one who won't charge you for a consultation. Don't make a decision before you know what your legal rights are.
Yelena Gurevich and Martha Warriner Jarrett agree with this answer
A: In California, if you default on your credit card debt, there are several potential consequences. Firstly, the credit card company may initiate collections actions against you, which could include incessant calls and letters. If the debt remains unpaid, the creditor might decide to file a lawsuit to recover the amount owed. Winning a judgment against you allows the creditor to garnish your wages or levy your bank accounts. Additionally, a default will negatively impact your credit score, making future borrowing more difficult and potentially more expensive. It can also affect other areas of your life, such as renting an apartment or even some employment opportunities. Before making any decisions, consider discussing your financial situation with an attorney or financial advisor. They can provide guidance tailored to your specific circumstances.
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