What Can Happen If I Don't Pay My Credit Card Payments?

Don't worry about it ! I can't count how many people I know who have charged up their credit cards and never paid them back . Yes they will call and drive you crazy so change your number . Do not respond to anything that comes in the mail !you cease to exist ! It will go on your credit eventually as a charge off  but who cares . They will not spend the time or  money to sue you or garnish your wages !  Lets just say 99.9% chance they wont ! Within a couple years or so you will be fine . If you have other cards continue to pay them on time ! If you don't , keep applying every few months until you get one and start using it regularly paying it on time ! Take a few small loans out  , hundred bucks  , give or take  despite the high fi co and pay them back! I have a friend who stopped paying on 7 credit cards just 4 years ago, over $100,000.00 worth and now has a 720 fi co score and recently purchased a home against my recommendation in this collapsing economy .  The charge off will eventually be wiped off of your credit !Up to seven years from the date it happened. However, most creditors will only deny you credit if it has happened in the last few years. Don't feel bad about it now !    Almost everyone is having problems of some sort  now in the sagging economy under the obama man ! Don't worry , obama will be offering to pay off credit card dept pretty soon . I love it ! No more accountability !

There are a number of possibilities in this regard. The creditor might garnish your property or your wages in the future. It is better to have a word with them even when you're going through a financial crisis and not being able to pay back your debt.

You will be sent to the credit cards internal collection department. They will call you and send you letters informing you that you are past due and will try to get a payment out of you or a date when you can send in a payment.
If you cannot or do not make any payment arrangements during this time, after about 3 to 6 mos they will sell your account to an outside collections agency which buys your outstanding balance for pennies on the dollar. At this point, you cannot go back to the original card issuer and make payment arrangements. Also, by now your account is closed, and written off by the credit card companies. Also, your delinquency and collections accounts will be reported to the credit bureaus which will tank your credit score.
Credit card companies are getting more aggressive about collecting their debts, and will not hesitate to take you to court to get a judgment. This means they can sue you, and after getting a judgment, garnish up to 25% of your paycheck.

I would suggest you do all you can to pay your credit card payments, and if you cannot, get enrolled in a non profit credit counseling service so that you can get back on track.