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Destigmatize Bankruptcy. (lemmy.ml)

submitted 1 year ago by [email protected] to c/[email protected]

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[–] [email protected] 14 points 1 year 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.

[–] [email protected] 2 points 1 year 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.