It's Okay to Default On Your Credit Card Payments

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Uploaded by on Mar 16, 2009

People lose their jobs every day due to downsizing, restructuring and corporate greed. It happens to the good employees and the bad. So why not use that same logic to better your own financial situation and default on your credit card payments. Wha's good for the goose is good for the gander, right?

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News & Politics

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  • likes, 6 dislikes

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Uploader Comments (ConsentWithdrawn)

  • yeah...who needs a house or a car...pay cash for everything right...oh wait...you don't have cash...otherwise you wouldn't have got yourself in trouble with the credit cards...hmm...

  • @coldkidc Actually, since I walked away from the debt, I have plenty of cash.

  • So basically... forgive the language. The corps dont care if they fuck you, so why should you care if you fuck them.....

    The heartening thing seems to be that all over the world the resistance is rising...

  • @BitternThe Exactly! And indeed may it rise and rise.

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  • and here I thought Gaddfi was dead :P

  • send em $10 a month ..lol

  • This guy is funny..lol

  • @avataz No, he's just explaining to people that your well being is more important than paying these dead beat creditors. Some people think they will go to jail or loose their children if they stop paying. Wouldn't you like to know if there was a choice to feed your kids or pay a fucking creditor? The people didn't know the economy was going to go bad and a lot of their cc bills were ran up before the economy went bad.

  • Logic is off on this. You work for a company, they pay you. The company didn't borrow money from you and then skip town. With a credicard you are borrowing money and agreeing to pay it back with interest. If that doesn't sound like a fair deal, don't borrow it!

  • there are people out there committing suicide because of credit card bills...

  • Great video. More should do this and maybe the credit card companies will shut down. Then we all wouldn't owe anything would we. We should revolt and refuse to pay those outrageous APR's and minimum payments. No wonder economy is bad. None of us can spend because of the credit card companies fees, APR's and minimum payments. Credit card companies, banks, and FICO companies should be brought down. We don't need them controlling out lives.

  • @avataz

    Not much different from out government encouraging the credit card companies to rape it's customers.

  • I'm likely three months away from a sizable inheritance.

    Right now, I'm on permanent disability.

    Basically, my credit will mean nothing to me when the time comes as I will have enough to do my business with cash or debt card.

    I don't owe that much, but your logic makes sense.

  • @ConsentWithdrawn yea i got cash to...but want to build my credit and then just not pay the dept after i have fun racking up the cards

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