They can't come seize your house. They can't cut your lights off. Only thing they can do is send your name in as a bad debt to the Credit Bureau and who really gives a fuck about having good credit in an withering economy like this anyway? So far I've dumped 3 credit cards and let em go under. Owed a few grand total. got a couple threatening letters to give me a "bad credit rating"..lol...but fuck em. That's water under the bridge at this point. They can't take my house or my cars or turn off my lights. so I'm good. Just wait it out another 7 years and start over. fuck the Creditors. Obama/Romney will just bail them out again anyway. I'm passing my debt on to YOU PEOPLE. you're welcome pay my bills.