Forum Post: Stop paying credit card bills
Posted 13 years ago on Oct. 9, 2011, 2:10 p.m. EST by tracyinva
(33)
This content is user submitted and not an official statement
Just stop paying on the credit cards unless you care about your credit. I used to be a bill collector, and if you don't pay a credit card bill they can't do shit besides freeze your bank accounts (there will be no account left to freeze if you close it), put a lien on your house (a lien would only affect you if you refinance or sell your house), or garnish your wages (if they find out your workplace, the only way they can find it is if your job is on your credit report, or if you have told them) I have done this personally to my own credit, and I lived for a few years with no bank account. And if they can't find you, they can't sue you, because a sheriff has to serve you if they want to sue (they have to put the paper in your hand), and they can't serve a PO BOX. Get a PO BOX and return to sender any bills that come to your house. And every state has a statute of limitations on credit card bills. My state is 3 years. That means if they don't have a judgment against your bank account, home, or garnish your wages by 3 years, they can't sue you! They can call and bug you, but they have no legal recourse. As long as you haven't made any payments because making a payment starts the time over again.
i think this would be great as a national movement. AND all of us closing our bank accounts. this is a direct hit to the big guys, let's really get there attention.
If this got big enough, it would force banks to stop giving out credit cards, which are pretty evil things. This isn't going to bankrupt anyone, as they can do damage control if it gets out of hand, but it will make them wake up. A run on the banks could have horrific consequences, but a gradual move to credit unions would be fine.
Move to Canada or somewhere else if you think you shouldn't have to pay your debts.
You know what the used to do to people who refused to pay their debt? Maybe we need to revert back to those days so you people will be accountable for your debts.
Be a responsible adult. Don't rack up a bunch of CC debt and you won't have this problem.
Don't buy things you can't afford.
Don't pick the easiest major when you go to school.
Work more than one job.
Don't have sex with random people and have kids you can't afford to raise.
Live within your means. Not everyone deserves nice things!
Quit with the entitlement attitude, your ancestors worked HARD for what they had.
... and don't forget you are a tame little slave. Know your place, stay in line!!! Right???
Yeah, let's ALL do this. reb...you go first.
I agree its time to "fight fire with fire".
Thanks for the info! I already stoped paying my credit cards 4 months ago and dont have plans to apply for credit or restarting my credit, -My life is not based on my credit history.
This is really bad advice; quit paying your credit cards off and go on the lam? I don't think so.
Some have suggested that debt owed to financial institutions that were bailed out should be forgiven. I think that's worth some consideration. But just stop paying and go off the grid? Nah...
This would be awesome. Anyone with credit, without a bunch of dependents can do this!
Keep in mind that when the banks give you a mortgage, loan or credit card, they are not loaning you any money from profits or deposits.
The loan is created dynamically on a computer out of thin air, yet they still charge interest and foreclose if you do not pay, keeping the capital value.
This is the corrupt system that got us in to this mess while they got rich.
So yes - no more paying down credit cards or other credit - en masse.
Why would anyone keep money in a bank anyway for a few cents interest and increasing risk of losing it all - maybe very soon.
Withdaw all cash, keep it safe, or better still buy Gold or Silver.
True, not paying your credit cards is possible, and although I'm all in favor of taking down today's ineffective and inefficient Top 10% Management Group of Business & Government, there's only one way to do it – by fighting bankers as bankers ourselves. Consequently, I have posted the Strategic Legal Policies, Organizational Operating Structures, and Tactical Investment Procedures necessary to do this at:
http://getsatisfaction.com/americanselect/topics/on_strategic_legal_policy_organizational_operational_structures_tactical_investment_procedures
Join
http://finance.groups.yahoo.com/group/StrategicInternationalSystems/
if you want to support a Presidential Candidate Committee at AmericansElect.org in support of the above bank-focused platform.
Better yet, get a loan and buy a house. Get some credit cards and fill that house full of stuff. Then refuse to pay off your debts.
That will show them.
You must all work for them.... They can do it to us but we cant do it back??? I would hate to see you in a fist fight. What do u let people punch you and you dont feel its ok to punch them back???
I know right, I remember this one time, a banker took my family hostage and said that if I didn't sign a contract for a risky ARM loan, he'd kill each and everyone of them. Fortunately for me, batman showed up and saved the day.
I really do not understand why so many hear do not understand the concept of personal responsibility.
This is what our founders think about all this corruption.
That to secure these rights, governments are instituted among men, deriving their just powers from the consent of the governed. That whenever any form of government becomes destructive to these ends, it is the right of the people to alter or to abolish it, and to institute new government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their safety and happiness
Most of the public are simply tired of being squeezed by the riches decade after decade. Most US CEOs welcome the ideas of "Buy America" but none is actively supporting "Hire America". There is one powerful thing that people could do to demonstrate its power to the CEOs of major banks and perhaps the rest of the corporate world. Withdraw your deposits out of Bank of America. Deposits are the bloodline to a bank, especailly a firm like Bank of America. It had received money from the Governmen, which is the People of the United States yet it is still slapping people with fees however it can. That is only one of many examples of how a large bank is squeezing the people.
Not that I have anything against Bank of America, but We the People could use BofA to set an example. The bank is in critical need of everyone's deposits. Take your money out and put it in any other FDIC insured bank. If the people stand as one, then an example to the CEOs can be set. If there is the will, then the People will prevail.
hu????
So, you are basically stealing money if you are borrowing if and have intentions of giving it back. They created the credit report for people like you.
Majority of you people who are wanting to do this are obviously people who cannot control what you buy and you live way beyond your means. Buying things you can't afford. It's people like YOU that are tearing this country apart.
Someday it'll catch up to you and you'll regret what you're doing.
Gasp, a rational thought!
[Deleted]
That was a compliment dude
Yeah I deleted it, I misread it sorry. Thought you said to "grasp a rational thought".
no prob
The attitude of all of you is what is wrong with this country.
Take responsibility for your actions.
Why should you NOT have to pay your debt? You made a CONTRACT, now it's time to pay up.
Lazy bastard Obama voters
They close credit cards all the time and reduce credit limits with no warning. They change the terms of the agreement when they send you that email that says all the things they are going to change. I am no longer in a CONTRACT with them if they change it and I do not agree to the new terms. The contract I signed is null and void.
You borrowed the money to make the purchase. By doing that you agreed to whatever terms the company puts forth.
In the end, you are all just trying to get things for free. You are trying to make OTHER PEOPLE PAY YOUR DEBT.
You can spin it whatever libtard way you want, but in the end, you are simply not taking accountability for your actions.
That's agreeable if you didn't have to pay for school in the thousands, car in the thousands, mortgage damn near the millions, and survive on credit because you used up all you earned for the above essentials. Plus ever increasing interests rates. Who should take accountability for their actions?
I did not agree to an ever changing contract. So if they want to take my first born in the middle of the contract, they can change it to that too? And I have to agree to ANYTHING they want? I dont think so. What are you, a representative of VISA/Mastercard?
See, here's the deal. Im gonna go ahead and guess you have racked up at least 5 to 10 grand in CC debt.
Now you try to grasp at straws, complaining of a interest rate increase or whatever as proof that you don't need to pay your debt?
What does a changing contract have to do with the fact that YOU went out and swiped that card to buy something, and now YOU don't wanna pay it back.
You can spin it however you want. In the end, you are just trying to get out of paying your debt.
Complain about the contract all you want. I racked up a bunch of debt in college too, and you know what, I paid it back.
It took a long time. It sucked. But I borrowed the money so I paid it back.
It's simple.
But, keep complaining about that contract libtard.
I was a bill collector so my experiences collecting from people and knowing the rules influenced me to do what I did, because I knew how to get away with it. Companies rip people off all the time. They give you credit cards just so you default. That is where they make their money. Late fees, overlimit fees. Thats why they started closing peoples accounts that pay on time, and pay off the balance every month. Because they arent making money on people like you. So you get punished for doing things the "right" way.
Wow! You did what you did because you knew you could get away with it? Should we all just take advantage anywhere we think we can get away with it too? Isn't that supposedly what you are so upset at corporations for doing? Oh, I get it. Ok for YOU, but only you. Got it now!
Its called an eye for an eye....
You can't win an argument with me. Try over 100K. And I did it on purpose. I premeditated it to get back at the companies that try to take me for all i have. I can spin it a million ways buddy. It took 3 years and now they cant touch me. If it was possible for me to make a decent salary in this country, I wouldnt have had to take their money. I went to college and have 20K in debt because I was lied to and told if you go to college, you get a good job. If they can do it to me, I can do it right back..
Yea you really stuck it to the companies alright. A whole $100K. That is a drop in the bucket for them.
You on the other hand, are likely screwed forever. Good luck owning a house, getting a new car, or providing for a family. I would highly suggest you move to another country.
And any credit card contract has the caveat that they can change the terms at any time. You agreed to it when you took out the line of credit whether you actually read the fine print or not.
I actually bought 2 new cars cash with the money, and I own a home already. There is a statute of limitations... so by the time it is off my credit report, I will be nable to get another car.
Haha. To be perfectly honest, I don't believe any of it. I bet your a poor hippy without a pot to piss in.
I believe you are jealous that you didnt know the facts so you could have done the same thing instead of paying off the banks for years and years. Does anyone remember that it was our tax money bailing these banks out? Well I took bank money and bailed me out! Ha. And Im young. I didnt have to wait til I was old to get nice things, like my babyboomer parents generation.
In addition, when they change the terms, you have the right to NOT ACCEPT the new terms. The catch is, you must pay off the debt at that time.
and they will close your account if you don't agree to the new terms. They break the agreement anyway.
Has anyone tweeted this idea to Angryinch?
Mark
This would only work if it was a national movement and it would break the entire financial system, it would cripple the us and all businesses, not just the small ones. It small communities you would have co-ops that would be able to survive with trades of goods and services but the big cities would fall into anarchy and strife. To many people who rely upon the system that no longer works. The way things are going we might be headed there anyway.
Good. I'm ready for something to change.
Maybe it would be better to not buy stuff that you can't afford?
but we DESERVE to have ipads, free higher education and make 6 figures with an art history degree
wah wah wah. somebody else wants to have food and be able to go to the doctor like u? Only u deserve to eat and have heat and lights and a roof over your head...
medicare, medicaid, VA hospitals, free emergency rooms... Who is it that CANNOT go to the doctor?
youre missing my point. if all the wealth was shared instead of hoarded by wall st we could all enjoy lifes pleasures
We deserve a chance to move forward in life.
Then learn to build a web site: http://railsforzombies.org Training for the plentiful jobs that the economy is creating can be free, for people who take responsibility for their own future and put in the work. Ruby on Rails web development is just one of many examples. Do a Google search for "Ruby on Rails jobs" and you'll find that there are thousands of well-paying jobs available. It doesn't make sense to complain that there are no jobs available when people like me are struggling to find people to hire.
I can't afford food! I can't even get a job!
Why don't you just buy some on your card?
Thats the point. Thats why i didnt pay them... There should be decent paying jobs that allow a family to buy food and the basics at least. Without having to use credit.
Duh! I got your point silly. I'm saying that if it worked out so well that you are now advising everyone to do it, why let yourself starve to prove a different point? You started out telling everyone to rack up their CCs and then just stop paying them. So practice what you preach and get some food for crying out loud.
brilliant...then all those companies to whom you owe money will lay off their employees...and you can call yourselves deadbeats on Wall Street.