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So I could take my credit card with no balance, run up the debt to its limit (11K-ish), make no payments or anything and my bank wouldn't have a loss? There's

by walkon 17y ago

So I could take my credit card with no balance, run up the debt to its limit (11K-ish), make no payments or anything and my bank wouldn't have a loss? There's plenty of ways they can lose.

cdr 17y ago
The post you replied to (and the parent article) are talking about garnishment, interest, fees, etc when debt is collected upon. If you ran your credit card up to the limit and did nothing (including doing nothing when you were sued for the debt), you would end up with your wages garnished and proceed to pay far more than $11k, just as I said.
- deleted 17y ago
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