Has anyone ditched their debt?

Question

Im around 8 grand in debt with my bank. Im gettimg charged ridiculous prices in overdraft fees and interest. Some of my friends have just changed their personal details and closed their bank accounts. I ve tried to work out a reasonable payment plan but they are obviously making too much money out of me to come to...

Answer 1

No, first close that damn account down! You should have done that a long time ago. Get copies of your statements, and start making payment arrangements. I can't believe anyone would leave their account open long enough to accumulate 8k in charges and interest, that was stupid. As soon as you seen it was snowballing, you should have shut it down.

Answer 2

Pay what you agreed to pay. Spend less; pay it down; pay it off.

Answer 3

They will take you to court. With any luck, you will wise up and learn to be frugal/not a deadbeat.

Answer 4

Pay your bills. Stop spending more money than you have. You cannot afford credit, so stop using it. Stop thinking you have an excuse to not pay.

Answer 5

No

Answer 6

Get a second job and work your *ss off to pay it asap. And don't charge debt that you cannot pay off in the same month.

Answer 7

People go into debt for far more than 8 grand all the time and it is not clear why you shouldn't just pay the debt. Companies send unpaid debt to collection agencies for debts that are not worth the cost of a lawsuit. 8 grand IS enough to justify a lawsuit and the bank is NOT going to just send the debt to collections, they will sue you. To "ditch the debt" will destroy your credit to the point that you will never be able to borrow money for a car or a house, ever.

Answer 8

Yes, they can and will still take you to court. Closing an account changes nothing - you're still liable for the debt you incurred. I'm surprised they haven't already frozen your account.

Answer 9

Lol your friends will be talking to the debt collection agency. Eventually they will get charged. The debt they have will continue to build.

Answer 10

You are really going to have to talk to someone because if you ignore it much longer you will end up with a huge legal bill.Prolong it and you can be prosecuted.