Reply #30: It depends on your financial situation...

[regnaD kciN]

If you have no real property, and a low enough income that garnishing wages would only earn them a little bit, true. If you have a house, say, they will definitely do so and demand that your house be turned over to them.

And, by the way, anyone in debt should be aware of the following: in most states, the statute of limitations is seven years. Even if the original credit-card lender decides not to seek a court judgment right away, they can and will sell off your debt to one or another collection agency, which can then seek a judgment themselves, any time within the statute of limitations. And, it gets worse -- in many states, if you unwittingly admit you owe the debt (say, when called by the collection agency), that resets the statute of limitations, so that they have another seven years to take you to court.

In other words, those who figure that "they haven't taken me to court, so I guess that's not a problem" may well be in for a very unpleasant surprise in the next few years.