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Overheard my neighbor say he stops paying cards when the interest rate jumps

He acts like it's no big deal and just waits for them to settle for less. Has anyone actually tried this or is he setting himself up for a lawsuit?
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2 Comments
ray324
ray3245d ago
Man, that's wild. Does he actually think there's no downside besides the credit stuff?
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julia_jones72
Does he realize the credit hit tanks your score for years?
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