no
you die!
Nothing happens when you pay of an equity line of credit. The equity that you used for your line of credit is now safe.
how to get rid of the money that you owe from collection agency without paying them and become good credit again
No. They want your money, not your credit.
not a lot (dont just move to wales though) they will track you down if you come back though!
You are likely to have your wages garnished. Your credit cards will be cancelled and liens may be placed on property.
so we can sell our goods and recieve goods we may not have in australia without paying money
Paying bills as late as possible without damaging the firm's credit rating.
Any bank can help you with your credit score. However it is ultimately up to you what happens to your credit score. Paying bills on time is most important.
they will add a late fee to your bill, try and contact you, eventually lower your credit limit, and have a collecting agency contact you
The foreclosure will affect your credit record. You are fully responsible for paying the loan.
If someone stops paying their credit card bill, the account will go into collections. Additional fees and interests will be added to the account. Based on the amount owed on the credit card bill, the lender may file suit.