Find the best financial services for you at: SMARTFINANCESOLUTIONS.NET - What is the difference between stop making payments to credit cards and bankruptcy? - Bankruptcy offers certain protections from creditors (depending on the type you file) while stopping payments does nothing except increase the ultimate amount owed since interest will continue to be charged. Additionally, the credit card companies will sell their debt to a collection agency who will hound you until the day you die. And afterwards.
I recommend communicating with the credit card companies first. -