for and then they go deep into debt-tens of thousands of dollars.
And they can't pay it off, so it is like they got free money and goods. I don't get it-if they don't pay and they don't get arrested then what is the motivation to pay back what they owe. Could someone please explain how the system protects itself? A person could charge tons of money and then what? What if they die, or don't have any money in the bank? I mean, what else happens besides them getting hounded by collection agencies? I do not have a credit card because I don't believe in spending what I don't have, but I see so many people living so high on the hog and they don't have the money to do so and I don't see any punitive action that motivates them to pay...so, what's up with that?
2006-07-24
20:37:37
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5 answers
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asked by
birdy
3
in
Credit