Quote:
Originally Posted by pornguy
thats not really using the system against THEM its using the system against EVERYONE!
When anyone files Bankruptcy we all end up paying the bill for them in one way or another. If the CC Company does not get their 5k from them, they will hit all the other people with an extra 1/8% until they do. Then sadly that extra % stays as they are now making more.
Not exactly like that but you get the idea. It takes more than 1 person to get the companies to raise the % but the more people that start to think they can live this way, the worse it will get.
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I think they're insured for it a lot of the time, the banks
Of course defaulted debt that's insured causes that insurance cost to be higher so we all pay
I just made your point
never mind
