Looking on the bright side of this dilemma you have to understand that no one is coming to snap you in two; no one is coming to cause you or your family harm. Put simply, someone will come to get their possessions back… wouldn’t you?
I mean, if someone wasn’t paying you what they owed you – wouldn’t you be just the slightest bit troubled? We all understand things happen, and sometimes you have to let people slide… even if just a little bit.
But do understand that the person on the other end of that phone (creditor) cannot have you arrested for not paying the debt, they cannot immediately begin to take your things. This often takes a few weeks if at all. Once you are notified that you are behind and need to step up payments – let the creditor know your situation.
Now, if that creditor or collections person begins to really harass you, or lies to you and tells you that jail is imminent, you do have a recourse and a real way to make them stop calling you altogether. There are laws about this type of behavior.
If you need more assistance please check out the download for the Zero Debt Manual.
Former bill collector showing people how to reduce debt and how to handle threatening bill collectors. 
There are too many people who were not aware of the risks of the market and today the bank has forgotten them they have turned from friends to enemies i wish to thank you for this very useful information
excellent post – you know they should be teaching credit responsibility in high school = that would really help people learn how to use their money wisely and not destroy their credit – also an excellent post people should read: Credit Card Score Repair
Having checked over what’s here I think some good points have been made. If I could only win the lottery, my troubles would be gone… lol.
Well as already stated it isn’t always that easy. One day I will be debt / trouble free, well that’s what I’m wishing!
Thanks 4 The Great Post!! I’ve heard Credit Score is a quality place to check my credit report & see the score for free. Has Someone else used them?