Don't Flush Your Credit Down the Drain

Posted January 12th, 2010 by Carrie Davis

Ever tempted to just stop paying your credit card bills? I mean, what's the worst that could really happen? We created our latest infographic to explain how your creditors might retaliate if you stop sending them money each month. (Hint: the pipes get rustier and the rats get uglier the further down you go.) Don't let this happen to you! 

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Where does the score start?

Submitted on January 22nd, 2010 by QuestionTime (not verified)

Where does the score start? 750? 800? 850?

Hi QT-The scores on this

Submitted on January 22nd, 2010 by Carrie Davis

Hi QT-The scores on this infographic are hypothetical and serve to illustrate the point that your score will drop each time you skip a payment. Whether it drops by 10 points or 100 depends on an array of factors specific to your particular situation. On most credit score scales, perfect credit is represented by a score of 850. Hope that helps!

This assumes that you'll

Submitted on January 22nd, 2010 by jada (not verified)

This assumes that you'll actually /use/ bank loan and credit card services. If not, feel free to ignore that pesky gym membership bill.

Ah, I see you missed the part

Submitted on January 23rd, 2010 by Martin (not verified)

Ah, I see you missed the part about garnishing wages and bank accounts, and putting liens on your property.