OT: How is it possible to amass a large fortune of CC debt?
Estafador
BIG APPLE
Thursday, February 3, 2022 6:07 PM
I was inspired by this video to post about this: [view link]
And why do banks even allow individuals to reach such insane amouunts. I mean really, how is it possible. I would think "whoa, this guy has a lot of debt on his credit report, lets not leverage with this guy". But instead I hear stories like this:
[view link] $70K in credit card debt.
[view link] $100K in credit card debt.
[view link] $100K CC debt
It was hard to anything over $109K in just CC alone, but the fact that your CC debt can reach that high is INSANITY!
What possible excuse could banks have to keep churning out more credit to people in such large debt pits? ANd what makes people keep going deeper down the rabbit hole.
Got something to say?
Start your own discussion
42 comments