I cut up my credit card a couple years back and moved from my apartment, then totally forgot about my balance of $1000 on it, I wasn't getting any credit card payment reminders through mail because I moved. Stupid me forgot about it and didn't pay it for for like 1.5 years. I got a call at my home phone (where I moved back into) and it was a guy from the bank saying I need to pay off minimum $230 the next week, so I did. The same day I got an envelope with something saying to cut up my card and mail it back in, so I did. What's the worst that can happen to me in the long run with credit rating approvals etc?