Do Nothing
Idleness Stops Nothing
To do nothing is precisely that. Doing nothing about your unsecured debt will not improve your situation or make your debts disappear. In fact, if you are currently late on your payments, your credit score will already be adversely affected.
Doing nothing about debt may damage your personal credit rating (fico score) and potentially your family's financial future and any possibility to qualify for credit over the next 7 years. In the meantime, creditors will take action; Collections, Judgment's and Wage Garnishments. You may face lawsuits, repossession or more added stress than if you chose an alternative solution to alleviate your problem.