financeCredit Card Debt
#RI-69f84fb5·5 months ago·
1
“I stopped paying my maxed-out credit card.”
What Actually Happened
I stopped paying my credit card because I couldn't afford it, hoping it would go to collections. Instead, the bank sued me and then seized my entire tax refund directly from my bank account, leaving me unable to pay rent.
What I wish I knew
"I wish I had known the bank could sue me and then levy my bank account to take the money directly."
Advice to Someone Facing This Now
If I could tell you one thing
"Don't ignore credit card debt, as the creditor can sue you and seize your funds when you least expect it."
Regret Index
10/10
High, persistent regret.
Has not decreased significantly with time.
Has not decreased significantly with time.
Advice for Someone Facing This
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finance Category
373
finance decisions logged. Avg regret 4.5/10 across the category.
Same Outcome Band
25%
of finance decisions land in the severe band the same as this one.
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