@return2ozma@lemmy.world to News@lemmy.world • 9 months agoBanks are bracing for consumers to stop paying off their credit cards, delinquency rates hit 12-year highqz.comexternal-linkmessage-square26fedilinkarrow-up1115arrow-down16
arrow-up1109arrow-down1external-linkBanks are bracing for consumers to stop paying off their credit cards, delinquency rates hit 12-year highqz.com@return2ozma@lemmy.world to News@lemmy.world • 9 months agomessage-square26fedilink
minus-square@xmunk@sh.itjust.workslinkfedilink9•9 months agoI don’t use them myself but I’d imagine most users aren’t aware of that loophole or are worried about their credit score.
minus-square@Tramort@programming.devlinkfedilink15•9 months agoIt can’t affect your credit score, because it’s not a loan. If it was a loan they would be subject to ursery laws. But they don’t want to be. So you can default without penalty besides being hounded.
I don’t use them myself but I’d imagine most users aren’t aware of that loophole or are worried about their credit score.
It can’t affect your credit score, because it’s not a loan.
If it was a loan they would be subject to ursery laws. But they don’t want to be. So you can default without penalty besides being hounded.