What will happen is you default on credit card debt?
We have a $ 10,000 Citibank debt which we have paid minimum payment on over the years. My husband has been ill and has been off work for 3 months. The income drop means we are meeting only the necessities of food, utilities, mortgage, petrol for car. My husband is back in hospital and rehabilitation will be over the next 6 months. I’m at home with young school kids and helping husband when out of hospital with personal needs [he is not well enough to be home alone]. Can anyone tell me what will happen when we stop the minimum monthly payment? What will happen if this is allowed to lapse over an extended period of time? Will we be sued or have to deal with a debt collector? This loan was taken in NSW, Australia.