What can credit card companies sue me for if I simply stop paying?

[sunshine08]

In NC, they can garnish your wages for childsupport, unpaid taxes, medicaid or foodstamp overpayment, or unemployment fraud. Short of that good luck.
Georgia will garnish your wages, quick!!!!
If you have a claim(an interest) in a vehicle it can be reposessed or you can't transfer the title until the lien is removed. If you have a lien against your house pretty much the same thing, unless you die or want to sell, it just has a lien. If the lien is not renewed, then it is invalid.
Could of other things I have noticed (my opinion only) about Georgia is most people file Chapter 13. They file to keep something from being reposessed or to get it back. They file for "relatively" nominal amounts.

[denisejohn65]

I have 3 major cc and 2 I have not paid on since last fall. 1 is 12000.00 next one is 5000.00 and one at 4000.00. The two that I quit paying for last fall...sent letters saying they are writing it off as bad debt. What is that??? I think it may mean they turned it over to collection. Cuz I got stuff from the collection co. Anyway....I filed June 12,09. 341 July 20th 09.

[bkmaggster]

denisejohn65,

You are asking great questions, but you are tagging them onto really old or unrelated threads (this thread is 3-4 years old)

Just a bit of friendly advice, as I'm new here too, but you may want to start a new thread with your info and questions!

[denisejohn65]

Thank you for the info. I'm not to good with this stuff....but I'm learning.