Unless you get a job and start making payments, your credit score will be bad and take time to rebuild; which will hurt you in the future. I am more concern on your spending habits. Spending your savings on visiting your ex, taking out two loans for covering Christmas and loaning money to family members was a bad financial decision and I hope you can learn from this. Not paying, is only giving the company the possibility to profit more from interest. Going bankrupt or settling things in court is no win win situation. Good luck and i hope you can find a job soon!!!