Will government forgive all credit card debts as well

Discussion in 'Economics' started by freewilly, Sep 21, 2008.

  1. From what I read, average American card hold has debt of $8200. This is another bomb set to blow up. People will probably have more debt as they can not pull money out from their houses, and inflation is going to go up.

    $8200 is a scary number, and it will get even worse. Will the government bail out all the credit card companies?

    I am clean on my credit cards. Maybe I should max out my debt. In this country it is stupid to borrow some money, but it is smart to borrow lots of money.
  2. perhaps you could max out your cards as down payment on a house and then claim hardship