We don't recommend that you stop paying your credit cards, but if you decide to do that anyway, here's what will happen:
- In the first two months after you've stopped paying, you'll have two late payments, one of which is at least 30 days late. The credit card company will probably report this delinquency, but it won't hurt your score too much... yet.
- In the third month after you've stopped paying, you'll be behind on three payments. At this point your credit score will be damaged pretty bad.
- In the fourth month and up until the 179th day, the credit card company will turn your account over to collections, which means that debt collectors will start coming after you in order to recover the debt you owe. Your credit score keeps getting worse and worse.
- When your account becomes 180 days delinquent, the credit card company is legally required to declare your account as being charged-off. A charge-off is one of the most damaging things for your credit score, alongside bankruptcies and foreclosures.
So as you can see, not paying your bills is extremely bad for you. If you can't handle your payments anymore, it's best to just stop using the card, focus on paying off your existing debt and then close the account.