Nothing, except that you will still get bills, and letters from collection agencies and maybe even bailiffs. Ultimately you will be blacklisted and your credit rating will be zero. So it is always BETTER TO MAKE SOME ARRANGEMENT TO PAY . However if you really really don t want to pay and are willing to fight repo people and collection agents etc. There is absolutely nothing they can do to you. Except you wont have a credit rating, so wont be able to buy a car, house, have a credit card. Good luck
When I pay credit card bill I think I pay everything to a bank.
Let it go long enough and you will be the subject of a 'shoot to kill' scenario.
You rack up late fees$ in addition to finance charges$$, you receive bad credit ratings, it affects your reputation as nobody will hire you for a job, you will not be able to secure a mortgage nor a rental unit. You may become homeless. Bad very bad
What really happens is that your life will change for the worse. When you don't pay your bills, they will go into "collection", which means that a company will buy out your indebtedness from your original "loan", and continue to attempt to collect the money from you forever. Your credit rating ( credit score ) will go down and you won't be able to get any type of loan from anyone. If you do manage to get a loan, the interest rate will be a extraordinarily high interest rate.
in a nutshell, your life is destroyed. Call them and work out payment plan.
Momma told me to never use a credit card and go into debt.
Please - Don't be stupid. Pay the minimum, call to make arrangements, anything. . . but DON"T ignore the credit card bill.