If you stop paying off your credit card balance, you will increasingly face a series of negative consequences. Firstly, you have to pay a late payment penalty and interest on the amount due. The longer you do not pay your balance, the higher this percentage will be charged. Eventually, you will be charged an even higher penalty interest. After 30 days have passed since the outstanding balance occurred, outstanding payments will begin to show up in your credit history and worsen your score. Then the creditors will start trying to collect the debt. After a few months, they can group your account, which will remain on your credit report for seven years.