Can you legally stop paying credit cards?
Can you legally stop paying credit cards? The answer to this is yes you can. It is perfectly legal to stop paying your credit cards if you have a legitimate reason and you are really going broke.
However be warned that this process if often quite painstaking and you will have to prepare yourself for a lot of threatening phone calls and also lot of notification from the credit card companies so that the creditors can get money out of you.
Also you should be aware that if you have large property or stakes then it is not a good idea to stop paying your credit card because then the court can seize these assets in return for your debts.
You should make sure that even if you are sued you do not have any such property or asset that is left with you that your creditors can use to get the money out of you. Also you should be mentally prepared to get sued and take the matter to court.
There are many ways in which you can answer the question to can you legally stop paying credit cards. Some of these include getting legal help which will solve a lot of your problems.
One of the first things that you should do is to get a cease and desist order that will stop all annoying calls and notices from the credit card company. If they do not comply by this order then you can in turn sue them for not following fair trade practices.
You should then make sure that you have moved all your remaining earnings to the retirement funds which they cannot touch. This way you will still have some money left even after the entire ruling of the court is over.
Also make sure that you have used up the remaining credit limit on your card to pay for your daily expenses and then cut them up and throw them away just so that you don’t get reminded of them.
Can you legally stop paying credit cards is a question that is widely asked and the answer to that is yes you can. However your creditors will try all sorts of aggressive moves like threats and phone calls to get the money out of you. What you should do in turn is change your telephone number and get legal counsel as soon as possible to stop them from taking further action on you.
