"Delinquency may lead to a complete default on the account. With no means to pay the creditor, you may not only have given up, you may have just put the entire situation out of your mind altogether. In some cases, the only consequences may be continued calls and mail, and a dip in your credit score. For others, the creditor may be churning out collections lawsuits, with a process server in route to your door shortly too."
Read the entire article on the official Fitzgerald & Campbell, APLC blog.
