Legal Question in Credit and Debt Law in Michigan

credit cards

if you stop paying on your credit cards what will happen


Asked on 3/20/09, 10:14 am

3 Answers from Attorneys

Lesley Hoenig Lesley A. Hoenig, Attorney at Law

Re: credit cards

You will first have debt collectors calling, your credit card may or may not sell the debt to another company, or will directly sue you, if you don't respond a default judgment can be entered and your wages and bank account garnished.

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Answered on 3/23/09, 9:40 pm
Renee Walsh LawRefs Nonprofit

Re: credit cards

Your creditors will begin attempting to collect the debt from you. If you do not settle the matter with them, they will file a suit against you, achieve a judgment and garnish your wages or other income.

If you would like information on how to deal with debt collectors, please visit my website at www.lawrefs.com and click on the consumer law section.

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Answered on 3/20/09, 10:29 am
Rochelle Guznack Law Offices of Rochelle E. Guznack, PLLC

Re: credit cards

If you can no longer afford your credit card payments, you should consider filing bankruptcy to protect your assets and wages.

Please feel free to contact me for a free consulation at 248.679.1552.

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Answered on 3/26/09, 9:52 am


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