return2ozma@lemmy.world to News@lemmy.world · 4 months 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.comreturn2ozma@lemmy.world to News@lemmy.world · 4 months agomessage-square20fedilinkcross-posted to: [email protected]
minus-squarexmunklinkfedilinkarrow-up9·4 months 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-squareTramort@programming.devlinkfedilinkarrow-up15·4 months 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.