^That is the stupidest thing you've said today.
Of course, the day is young...
No. It is the truth. Paying the minimum payment gets you NOWHERE. If that is your plan, it is best to just ignore it. If you have a lot of money, then pay off a huge portion of the balance. Otherwise, it's not worth it. Do you know how many debt accounts get sold off to debt collectors? Tons. The odds of getting sued are minimal. Even if you do get sued, you can settle for a lower payment because the debt collector bought your debt for pennies on the dollar. They can buy 10 grand worth of debt for 500 dollars for God's sakes! Then, they technically have no right to collect your money because you never gave them permission to buy your debt. Most of the time you ask them to prove that you owe the debt and they can't prove it because they don't have the statements. So, you're off the hook and they move onto the next sucker who doesn't know to ask for proof.
Do you guys not know how this works?