Just read this article about what happens when you just decided to NOT pay your credit card bill: http://today.msnbc.msn.com/id/43690720/ns/today-money/ It caught my attention because husband informed me that one of the reasons his difficult child-parents have no credit anymore is because they decided to stop paying on one of their cards when the interest rate went up really high (don't know if they were late on a payment or what) and the lender refused to budge on lowering the rate. So being the mature and responsible people that they are (ahem!) they flipped a financial bird to the lender and are refusing to pay. I have no idea how long this has been going on. I think they may have had one other card which had it's limit reduced drastically and capped, possibly as a result of this situation. I'm wondering if one of the reasons they have been so hot-to-trot out of Texas and relocate here is to avoid collections people who might be after them. What happens when a lender turns someone over to collections, but there are no assets to collect? Do they garnish Social Security? Do they go after extended family to pay the debt? I sure as he!! do NOT want to be held responsible for these morons.