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Banks are bracing for consumers to stop paying off their credit cards, delinquency rates hit 12-year high (qz.com)

submitted 3 months ago by return2ozma@lemmy.world to c/personalfinance@lemmy.ml

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[–] Turbo@lemmy.ml 1 points 2 months ago

Uh, try that and see what happens

They have the upper hand , they will take your assets and sell your debt to collections and the courts will side.

The terms are such that you agree to pay.

What would be better is for everyone to always pay their credit card on time and reap the benefit from cashback rewards on purchases.