How does the credit default affect a graduate job?

How do I estimate my credit score if I default on one or two cards but have 9 others?

• I have done months of research and called nearly every credit card and counseling service I can think of and NO ONE can seem to help me. I feel like I'm in the twilight zone with what has to be a very common question that needs answered. Please someone help me answer. I'm trying to make a decision on whether to let a credit card lapse. I have  a 680 credit score, no home loan, no car debt, 10 cards of which: 3 are paid off, 4 are at max capacity (the largest), and 3 at 75% capacity. Next three months will be nearly impossible to pay the largest two minimums. Three questions. 1. How much (a NUMERICAL estimate - not "it will negatively affect you, don't do it" no shit) will my score drop. I need to base a decision on numcerical loss of credit score. I want to buy a house one day so of course I'm trying to hold onto my good credit. Never missed a payment in my life. But I'm struggling and have reached end of rope here with this. 2. If I call them and ask for a freeze, won't that affect me as negatively as just not paying. 3. What is the point in paying the two cards at all if sending to collections will damage nearly as much as just missing a couple of payments (and this even true?)  The problem with FICO and the whole banking system is they want to convince people they are so fucked without credit but won't answer any ques. on how bad to incentive you to make any decisions.  Please, someone with true knowledge, help me out here. CreditKarma simply answers with lame "it will negatively affect you." No shit. I am in my 30s and single and need the cash to survive next few rough months. I have lost my job and can't get a loan from anyone substantial enough to pay these debts, but need a way to determine how far I go in who I ask for help on this/and how it affects me. Also, lets face it - what is point in paying off some of it if the same affect happens if I pay none? I need some kind of formula calculator. If my details matter, here they are: I plan to have work to pay this come end of the year. Credit score is 680. I have no other debt other than credit card debt, which is 53,000. Someone please help me with advice. Thanks

• Answer:

  call me