Cryptocurrency Q&A
What happens if you never pay a debt collector?
What happens if you never pay a debt collector?
DigitalLord
Wed Nov 13 2024
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7 answers
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I have a debt that a collector is pursuing, but I'm wondering what the consequences would be if I never pay them. Will there be legal action taken against me or will my credit score be severely affected?
7 answers
Lorenzo
Fri Nov 15 2024
Failing to pay a debt that has been sent to collections leads to immediate repercussions.
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Michele
Fri Nov 15 2024
One of the primary consequences is a significant drop in your credit score.
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CryptoElite
Fri Nov 15 2024
This derogatory mark signifies a lack of financial responsibility.
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DigitalEagle
Fri Nov 15 2024
It remains on your credit report for an extended period, specifically seven years.
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Alessandra
Thu Nov 14 2024
During this time, your creditworthiness is severely compromised.
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