/biz/ - Business & Finance

>>54333906
>declare bankruptcy

DO NOT DECLARE BANKRUPTCY for Credit card debt

the statute of limitation in most states is only 6 years. some states it's even less.

just default and ignore them. only 1 in 5 will bother to sue you most likely. and even if you are sued they will still allow you to default for less than the balance. most companies break several collection laws that are $2,500 per violation. learn the laws and document everything. go to creditboards(dot)c o m.

do not default on everything at once. you give debt buyers a chance to consolidate all the debt, and you make it worthwhile for them to actually pursue you. CC isn't gonna give a fuck over $2500. they will give a fuck when they can consolidate 4 cards into 10k.