Stopped paying credit cards for 7 years??!!!?

Answers:2   |   LastUpdateAt:2012-10-27 03:36:02  

Asked at 2012-08-20 19:08:26
I recently learned that my handicapped brother had gotten about five credit cards for seven years. He made a very poor choice of maxing them all ( a total of ten thousand or so) and then not pay a cent for them . He said he called for the first year , but now they have contacted in the last six years. So I guess they are definitely a kind of collection agency. But I wonder why just stopped trying to get the money . Each card was only in 1500 that maybe therefore is that it is a small amount stopped trying ? It would not be hard to find, so I can not imagine why they were not seeking repayment of what you owe. He's never going to need a loan , credit or, for that matter considering his disability and how it affects your life , so it has no intention of making a payment and seems to think that everything just let it go . Have they ? What will happen if you continue on this path ? Any suggestions or advice would be greatly appreciated.
Answer1Kiddy i amAnswered at 2012-09-03 09:40:03
I have no idea, but considering their predatory nature and willingness to steal ( loan without having to pay again , you know) , I'm glad there are not more people like him .
Answer2-----Answered at 2012-10-27 03:35:41
Creditors tend to under certain circumstances .... If your brother is the SSDI then this is a big reason I probably gave up. SSDI can not be garnished for credit card debt and therefore would not make sense to take legal action . Add to this factor that the debt is probably beyond the statute of limitations . MedlinePlus MedlinePlus I do not think you have to worry about your brother increasingly cards to max out and stop paying ... your bad credit will ensure that this will not happen .
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