I stopped paying on some credit card bills. One was only eighty dollars, another just a little over a hundred. The biggest was eight thousand that I had borrowed from a loan company and with interest over a couple of years it got up to about ten thousand. After not paying anything at all to them for about eight or nine months they sent me a letter and said they would accept two thousand as payment in full for the balance and it wouldn't go against my credit score any worse than it already was.

I was really lucky that my mortgage was owner financed because I got six months behind. They were not happy but they were willing to work with me until I could get it fixed.

It is very trying emotionally. Good luck.