If you’re like most folks today, you probably have more than a little credit card debt. How would you like to eliminate credit card debt without paying it off?
Who wouldn’t love that solution? How great would life would be if we could simply buy the things we want and need on credit and then magically eliminate credit card debt without paying.
Wouldn’t that be fabulous? No debt whatsoever. No painful paying over time. No harassing phone calls! If everyone managed their finances this way, we’d be an entire country of bums!
Don’t feel badly. You are definitely not the first person who has endeavored to discover a method to eliminate credit card debt without paying. And you definitely won’t be the last. If you’ve spend any time thinking about this at all, then you’ve surely come to the conclusion that there just isn’t a great way to do this. Or… is there? Actually, there is a way, but there’s only one way. Once you hear the solution, you will be shocked by its simplicity.
Are you ready? What is you do is you just stop paying your credit card bills.
Seriously, it’s that simple. Your head is reeling, right? I know this is likely not what you wanted to hear. You know exactly what I know, which is that simply not paying an unsecured credit card bill does come with repercussions. If you do find a way to eliminate credit card debt without paying, you are in essence in breach of contract. You have a contract with your credit card lenders. By trying to beat them out of their money, you’re not living up to your end of the bargain. What kind of repercussions are you in for? Read on.
1. A Plummeting Credit Score – You can’t be alive today and not know the value of a credit score. Your television and newspaper are filled with ads about checking, protecting, and improving your credit score. You know that when someone doesn’t pay their bills, they destroy their all important credit profile. If you have a bad credit history, you compromise your ability to get credit in the future. Need a new car? Too bad. Want to buy a home? Not going to happen! That new credit card you really need to book a trip? Yeah, you can’t have it.
1. Endanger future employment – Believe it or not, lots of companies run credit checks on potential employees. A bad credit history can cost you a job offer. If you have a job that has an expense account or a company credit card required for your job duties, you can bet that your company is running occasional credit checks on you. Why? To guard the company’s interest. Your company doesn’t want to entrust you with company funds if you cannot manage your own money.
2. Higher interest rates – When you simply don’t pay your bills, then your interest rates begin to climb. Any future credit you might be extended will come with phenomenally high interest rates.
4. Service Requests Rejected – Lots of companies run credit checks before they extend you service. Example? Cell phone companies. If your credit is poor, they may simply decide not to do business with you. Think about it. You could be completely unable to even have a cell phone. Think that’s no big deal? Are you thinking, ‘I can live without cell phone’? This is not limited to just cell phones. Another company that does this is insurance companies. So if you just stop paying your credit card bills, you could really be in a bad spot. You could be without a car because you can’t get insured. You could be without a phone.
So the only way to eliminate credit card debt without paying is a path that doesn’t lead anywhere good. You can’t really eliminate credit card debt without paying, but you can find some ways to make your financial situation a lot more comfortable. You can pay your bills and relieve you of the constantly ringing phone and badgering messages on your voice mail from creditors, shaming you for not paying. This is the life of the deadbeat, who simply doesn’t pay his bills. Is this what you want?
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