What happen if you stop paying your credit card debt(besides messing up your credit)? i got approaching 8 g's of debt, i know if i stop

i got approaching 8 g's of debt, i know if i stop paying im gonna mess my credit score, but what else could develop?

If you are going to do that overt a new dune account earlier you do it. They will turn you over to a collection agency who will try to drive you nuts. When that doesn't work, they will sue you. If they win, they can attach your property, your bank information and your salary.

If you become a charge off risk they can close your accounts. If you own property the CC company could put a lien on it also they can merely put a judgment on you until you pay envelope it off.

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I would feel the damage to your credit ranking would be a big enough downfall but..it would adjectives depend on where you live and what bank institution you are involved with.
You technically would still owe the debt and since you are I assume using that reason at the same hill, you would not be hard to find. Your sketch could and would most likely be seized to take-home pay the debt. Besides they would certainly chase you for the money someway even if you moved banks so while you may be capable of avoid it for awhile, they would find you and that would be that. I wouldnt expect any income tax returns any.
My advice to you would be to inquire going on for a line of credit or a consolidation loan of some sort that have one lower interest payment (in the event that yoiu are making multiple minimum payments now) instead of several that sort minimum but dont knock down the principle prompt enough if at adjectives.
Its never a good view to run out on credit if you can at all avoid it. It will do far more overexploit down the road than you realize.
Remember it affects your holdings, basic utility requests, phone, car, insurance, civilizing loans and even apartment rental not to mention home ownership.

Answers:
Not only does it mess up your credit, but you will take late fees out the butt! After a while, if you still haven't sent a return, they have the right to dispatch it to a collection agency and/or take you to court to achieve their money back. If you hold an account next to them, they may be able to close it but I don't know for sure. But if you are that far contained by debt and can't pay it, your best bet is to any do a debt consolidation-which is you take adjectives your debt and put it in one lump sum say-so by a loan from the bank, or put it on another card next to a low interest rate, and pay one monthly settlement until it is paid contained by full. If that's not an option, as a house member to serve, and if that's not an option, the end thing I would dance with is liquidation. It's up to you of what you wish to do. Also try looking up some Debt Management Programs, google it, Yahoo it, anything, they may be capable of help as powerfully. Best of luck to you!

Hi

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You'll be sued for non-payment.

assist fix your credit card debt, lower your fees and bills, settle your balance for a lower one and avoid collapse. I wrote an article with some guidelines on how to do this, here:
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Good luck