posted on Feb, 27 2009 @ 05:29 PM
1. To do what you're suggesting would require me to actually go out and get a credit card and then use it. I plan on doing neither. I have
basically had some telemarketers call me a dummy and even had one question my sanity some time ago because I flat refuse to accept any credit card
offers. Unfortunately, I do owe on my student loans, but since that's a set rate and because I do not wish to be harassed day and night, I have no
intention of defaulting on them.
2. The changing interest rate is one thing, I can understand your frustration and anger. However, the amount you ran up on the card plus whatever
interest rate you knew was attached to the card when you used it, you should be responsible for and pay off. Suggesting that a person completely
default out of protest is akin to telling people to be theives and is a major part of what caused this economic crisis. Since you clearly don't care
about your credit score, the responsible and 'right' thing to do would be to contact the card company, tell them you cannot continue to pay on the
card and ask them to cancel it, after which time (and I believe this is the law) interest stops and you can try to work out some sort of payment plan
on the remaining balance. It will hurt your creditworthiness, but not as much so as a blatent default and at least you'll be demonstrating some
level of responsibillity for the money you borrowed.