Should I default on credit cards and use $70,000 somewhere else?
Asked on Wed, 7/29/2015 - 22:54 Anonymous (not verified)
I have a credit card debt worth $70,000. I’ll earn around $70,000 by selling a house. I’m planning to default on credit cards and use $70,000 for other purposes. Let the debt go to collection. I will negotiate and reduce it later. How is my plan?