Find the best financial services for you at: SMARTFINANCESOLUTIONS.NET - What happens if I stop paying my credit cards? - I am retired on fixed income. My home was just foreclosed on. My credit is already ruined. BofA has upped my interest to over 25% and I don't even use the cards to increase debt but have offered to close account and they still won't help as I don't make enough $ to get approved for a lower payment. That's what they told me! So I have 2 credit cards with balances just under $2500 and am unable and it doesn't make sense to try to pay them when it almost all goes to interest... I will be dead before they are paid off. Repeated calls and threats to stop payments have not helped. I have a 7 yr old paid off car and medical issues that require Rx's. What is my best recourse? Filing bankruptcy costs too much also. I told them I wanted to pay what I charged but their interest rates were destroying me. Can my Social Security be garnished? -