I have been retired for 5 months now. Worked out my timing so all debt was paid off so I could retire. Just saw a guy from work and I knew he had just quit paying his cc bills. I asked him how that has worked out. He said it has been 2 years now, they called and wrote for the first year and a half then they just gave up. He changed his phone # to a different cell # and they couldn't get in touch with him. $15,000 of unsecured debt and he didn't pay a nickel of it. I worked and sacrificed, sold stuff to pay mine off.