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I have an acquaintance who tells me he is basically living on credit cards. He has 8 cards

 
Anonymous Coward
User ID: 70832039
United States
09/21/2017 09:34 PM
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I have an acquaintance who tells me he is basically living on credit cards. He has 8 cards
with 26k of total credit limit. Evidently he has been doing this for some time. He is unemployed.

How does one "live on credit cards" in this situation?

(he won't tell me much else)

Is he basically cash advancing some cards to pay off other cards?

How can he keep this going?
Anonymous Coward
User ID: 75554558
United States
09/21/2017 09:36 PM
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Re: I have an acquaintance who tells me he is basically living on credit cards. He has 8 cards
He can keep it going under he hits his limit.

And then he'll default.

It's happening a lot these days.

A LOT.
Anonymous Coward
User ID: 75554558
United States
09/21/2017 09:36 PM
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Re: I have an acquaintance who tells me he is basically living on credit cards. He has 8 cards
He can keep it going until he hits his limit.

And then he'll default.

It's happening a lot these days.

A LOT.
 Quoting: Anonymous Coward 75554558


I never proofread.
Anonymous Coward
User ID: 75185987
United States
09/21/2017 09:38 PM
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Re: I have an acquaintance who tells me he is basically living on credit cards. He has 8 cards
Uh, maybe he stole someone's identity?

Or perhaps he has inside info on the apocalypse.
Anonymous Coward
User ID: 75452281
Canada
09/21/2017 09:38 PM
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Re: I have an acquaintance who tells me he is basically living on credit cards. He has 8 cards
well, when the grid goes down, all his debts get deleted so he's doing alright!!!





GLP