I know several people that claim to have just stopped paying all of their credit card accounts. They say that the creditors try to call (phone number changed to ppd cell and they can't call) Then, after about 3 months the debt goes to collection agencies and they send letters and try to call. Then the debt gets resold to another, then another collection agency. Finally, the statue of limitations runs out. The calls and letters keep coming but nothing else happened. No court or judgements etc. Some of these people had 5 or 6 credit cards equaling 30k or more in total. Have other people found this to be true? Or have you had to appear in court, or get a judgement against you? If they are telling the truth, some c.c. companies must lose quite a bit on some people.