If the attitudes of the deadbeats on this thread are at all indicative, why not? Not much the gov't can do about it either because if they make too many deadbeat friendly laws, lending will cease. I think lenders have finally learned their lesson and the party's over.
You folks in this thread who have defaulted on unsecured credit are scumbags. I notice that many of you are spanish speakers. Any connnection there? Personally I prefer to play the system while paying my bills and getting great rates with my 820 score. What the scumbags don't realize is that once Visa or their bank gets a judgment that judgement can be sold to twisted meth crazed COLLECTORS who will dog them for the rest of their lives.
I agree with you, some are injured, lose their jobs, etc. Nothing they can do abou that....however, that's not the typical case I read here, they are all capable of paying, but choosing not to, AKA LOSERS! Here's an idea, if you can't afford to pay for it in cash, DON"T BUY IT!
You sound bitter and didn't give me a straight answer... are the "evil" credit card companies going after you or not? <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2365383>
LOL, this is true. Some of these posters are so clueless they don't even know that employers do credit checks. I'm sure they don't want deadbeats either working for them, it shows a lack of fiscal responsibility and moral obligations.
Ever hear of a judgment ? Guess who gets the lawyer fees added on to their account balance when the county court you reside in grants the judgement?
your crazy, not only will your low credit score ruin your life, they will take away everything you have, and if you trade for a living, that means you will no longer be able to support yourself. I'll keep my platinum card and my high credit score, thank you.