what will happen if you always avoid your creditor?
TRANSCRIPT
● If you have bills that you cannot afford
to pay, it is NEVER a good idea to
avoid creditors.
● There can be serious consequences,
and worse problems than UNPAID
BILLS.
Avoiding creditors for too long will cause
services to stop being rendered
One problem you may face is losing services and
possessions.
SAMPLE:● If you do not pay your utility bills, the company may
turn off your utilities.
● Ignoring bills like your car payments can result in
losing your car.
Ignoring Collection Letters Can = Legal
Action Against You
● If it reaches this point, you will either pay the overdue bills or
surrender your assets to cover the debt.
● If you die before your debt is paid, your assets can be taken. This can
include assets you intended to leave to family members after you die.
● Your loved ones may not receive everything you leave for them in your
will if you owe money to creditors.
● Simply avoiding creditors is not in your best interest.
● Regardless of your situation, you can prevent
unnecessary problems by taking action. Even if you
cannot pay your debts immediately, taking action means
you are responsible.
● You will benefit today, and in the future.
RESOURCES:
For more information http://www.newhorizon.org/credit-info/whats-going-to-happen-if-you-try-
to-avoid-creditors-for-a-long-time/
Debt Consolidation Serviceshttp://www.newhorizon.org/Info/debtconsolidation.htm