@[email protected] to [email protected] • 1 month agoBanks are bracing for consumers to stop paying off their credit cards, delinquency rates hit 12-year highqz.comexternal-linkmessage-square20fedilinkarrow-up1114arrow-down16cross-posted to: [email protected]
arrow-up1108arrow-down1external-linkBanks are bracing for consumers to stop paying off their credit cards, delinquency rates hit 12-year highqz.com@[email protected] to [email protected] • 1 month agomessage-square20fedilinkcross-posted to: [email protected]
minus-square@xmunklink9•1 month agoI don’t use them myself but I’d imagine most users aren’t aware of that loophole or are worried about their credit score.
minus-square@[email protected]linkfedilink15•1 month agoIt can’t affect your credit score, because it’s not a loan. If it was a loan they would be subject to ursery laws. But they don’t want to be. So you can default without penalty besides being hounded.
I don’t use them myself but I’d imagine most users aren’t aware of that loophole or are worried about their credit score.
It can’t affect your credit score, because it’s not a loan.
If it was a loan they would be subject to ursery laws. But they don’t want to be. So you can default without penalty besides being hounded.