Credit Card Debt, Inc. DEBT PROBLEM, Specialists in 24/7 Credit Counselors by Debt Counseling Programs

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Question: If I can't work something out with my credit-card companies and I walk away from them, what can they do, since it is unsecured debt?

Answer: You may walk away, but it has been my experience that you can't hide from creditors. In fact, "walking away" is probably your worst option for handling a debt problem.

It is true that credit-card debt is an unsecured debt, and as such it is unlikely that someone will show up at your door to repossess anything or serve you with a foreclosure notice. However, credit-card issuers have many options with which to get their money back and make your life miserable, should you decide to stop making payments.

 

 

 

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