Too many times over the past year, I have had to choose between paying credit card debt and paying for the necessities of life like rent, food, health care, etc. I lost my job six months ago, and the unemployment checks just don’t cover expenses.

The answer to the problem is simple. It is time to stop paying my credit card bills. According to a recent article in the Wall Street Journal, in 2009 13 percent of Bank of America’s credit card accounts defaulted. And, that is only one large bank. Apparently a lot of people are not paying their credit card debt. I have been searching online for answers on how to deal with ,debt collectors. It has been hard to avoid the debt settlement companies and debt elimination scams. They all try to seduce you with, “Let us take this problem off your hands.” But, from what I have read, when you do that, the problem gets a lot worse because you are not aware of what is going on with your creditors.

In my hours of searching online, I came across a blog by a fellow who was doing the same thing I am going to do,eliminate credit card debt by not paying it. He searched for answers and finally found an e-book titled the Credit Card Debt Survival Guide, whose author explains in detail how he successfully stopped paying his credit cards and eliminated his debt by frustrating debt collectors. Still somewhat skeptical, I liked the guy’s 90 day money-back guarantee and found the answers I need to proceed. Bankruptcy is the gorilla in the corner of this blog. One should not have to file bankruptcy to eliminate unsecured credit card debt. And besides with the 2005 changes in the bankruptcy law, despite my meager circumstances, I would probably qualify for a payment plan to my credit card companies under Chapter 13. What I am contemplating is just like bankruptcy, only I will be using, hopefully, consumer protection laws.

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