Fed up with banks' use of bailout money
February 10, 2009 6:48 AM Subscribe
What happens if I default on unsecured debt?
posted by hardbop to Work & Money (9 answers total) 5 users marked this as a favorite
I'm fed up with the outrageous use of taxpayer bailout money by the nation's banks. I live in Florida, own my home outright and it is protected by the state's Homestead Act. I'd like to just pay about $20 a month to the credit card companies instead of the minimum payment(to keep them from claiming I stopped paying them) until I can file Chapter 7 in 4 years. What do you think?