Remember: Just because you have defaulted once or twice doesn’t mean you need to suffer from inconsolable collectors all your life. You may have defaulted on your credit card dues several years ago, but your credit report clearly states the debt was written off by the company who issued your card. You’re received nasty calls and letters from the collection agency to which your account has been forwarded, but that was it. They stopped bugging you, and you think you’re finally free from them. You may have to think twice.