Failing to pay your debts can definitely bring negative consequences. The crucial element in the severity of the consequences is the particular kind of debt or missed payment. For example, consequences from failing to pay a car loan or your mortgage will often differ from failing to pay credit card debt. Court ordered payments, like child support or alimony, also have their own set of repercussions for failure to pay; which, in severe cases, can even include jail time. To understand your rights when it comes to falling into extreme debt, you need to understand the difference between Secure and.