Are there any potential risks if I choose not to settle my debts?

If you choose not to settle your debts in California, you could face potentially serious consequences. First and foremost, you may be sued by your creditors. This could lead to a monetary judgement against you, or worse, potential wage garnishment. In addition, your debt may also be referred to a collection agency, who may actively try to collect the debt from you in any way they can. Moreover, any late payments, delinquencies, or defaults on your debt will likely be reported to the credit bureaus. These could remain on your credit report for an extended period of time and significantly harm your credit score. Additionally, if you choose not to settle your debt, your creditors may attempt to seek repayment through alternative means such as freezing your bank accounts. In conclusion, it is important to take action to settle your debts as soon as possible. Negotiating with creditors can help you to reach a settlement agreement that is satisfactory to both parties. If you choose to ignore your debt, it could result in serious repercussions that may be difficult to overcome.

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Are there any potential risks if I choose not to settle my debts?

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