When you can't pay credit card bills, it might feel like it's the end of your good credit history . Here is what takes place when you don't pay your credit cards and also just how you can stay clear of the worst of the possible repercussions. Alternatives to Bankruptcy: If you're dealing with bankruptcy, there might be various other choices available to you that can allow you more time to engage in affordable credit repair to improve your finances. (As always, we suggest that if you're facing bankruptcy, you reach out for legal help.) Consolidate Debt: Tracking multiple payments for your current debts can be difficult. A debt consolidation loan could be an excellent option for getting a better hold on your finances. Managing Credit Card Costs During an Emergency: If you're taking care of a financial emergency and are not able to make the minimum monthly settlements on your charge card, here are some ways you can handle your debt as well and help to better secure your credit reports.