this post was submitted on 01 Nov 2023
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Destigmatize Bankruptcy. (lemmy.ml)
submitted 2 years ago by Grayox@lemmy.ml to c/memes@lemmy.ml
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[โ€“] Neato@kbin.social 14 points 2 years ago (1 children)

Well, that's unexpected but I guess CC companies are willing to risk it. Especially if they know that CCs are the only viable option they have and they can offer penalty APRs with little pushback.

[โ€“] InputZero@lemmy.ml 2 points 2 years ago

I've had extended family members declare bankruptcy several times and they're still approved for a credit card. Whereas I have never missed a credit payment in my life have a hard time getting a line of credit. I don't get it, the system is broken.