Is it illegal not to pay my credit card debt and unsecured personal loan?

4 responses to Is it illegal not to pay my credit card debt and unsecured personal loan?

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  Mario B

  Comment on Is it illegal not to pay my credit card debt and unsecured personal loan? (December 23rd, 2010 at 08:20)

  Instant Auto Insurance Quote

  no, tell them you are gonna file for bankruptcy

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  derf

  Comment on Is it illegal not to pay my credit card debt and unsecured personal loan? (December 24th, 2010 at 16:00)

  Instant Auto Insurance Quote

  no but it will cause problems if you try to get credit of any kind in the future and may even hurt job opportunities as not meeting your obligations often is interpreted as bad character

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  Andy

  Comment on Is it illegal not to pay my credit card debt and unsecured personal loan? (December 25th, 2010 at 09:45)

  Student Loan Refinancing

  no, if it was illegal millions of innocent americans would be in jail right now, almost no one is paying right now

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  Russell B

  Comment on Is it illegal not to pay my credit card debt and unsecured personal loan? (December 27th, 2010 at 05:33)

  Instant Auto Insurance Quote

  No. But a creditor can sue you for not paying debts and claim wage garnishment or property seize depending upon the judgment in the court. It can also damage your credit.