<prompt> Human: Im pretty sure the answer is a big fat no, but I thought Id seek other advice in case his is actually valid. Ill try to make this short.Im in a pretty crappy financial situation for a few reasons, but those reasons are rather irrelevant to my question.I had a lot of payments each month that I barely pay. I have 5 open credit cards, and theyre all within 100 of being maxed out. Ill generally make payments but then Ill have to use them again to pay for food and the like so they stay near maxed.My boss at work is aware of this and suggested that I just stop paying off all credit cards but one that I just start paying and pay off. His reasoning is that:1. Itll free up other funds so that I dont continuously use my credit cards and I can live somewhat more comfortably.2. If the credit cards go to collections theyll offer a settlement that is less than what I owe now.3. My credit will take a hit its in the high 600s, not HORRIBLE but not good either but it shouldnt take that long to rebuild good credit also not sure if this is accurateI told him that is the worst plan ever, but again Id like other opinions. Maybe he is actually right? Also potentially relevant is that I should be in a much better position to pay on my debts in the coming months.  <response>: Your instincts are good - not paying them is horrible advice.It will take 7 YEARS from the incident to drop off your credit - even a late dings you and multiple charge offs will ding you severely.Try to see about finding some kind of side hustle to get your head above water. Do your best to never miss a payment. 