It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
Originally posted by Rockpuck
If you default on a credit card the bank cannot seize a thing from you, not your house, not your car, nothing. It will damage your credit for 3-5 years, Bankruptcy is on your score for 7 years.
The new laws DID make it tougher to go through bankruptcy, but ultimately for those in such dire situations it should be looked at a way to start over if anything.
Originally posted by Make Speed Limit 45
I've never used credit in my life.
I have been waiting and waiting for my citibank card to have the credit limit lowered. Well found out last night, it was lowered - to below what I have charged