TheReanuKeeves@lemmy.world to No Stupid Questions@lemmy.world · edit-221 days agoWhat would happen if you maxed out your credit cards and line of credit then fled to some village in the phillipines?message-squaremessage-square66linkfedilinkarrow-up193arrow-down12file-text
arrow-up191arrow-down1message-squareWhat would happen if you maxed out your credit cards and line of credit then fled to some village in the phillipines?TheReanuKeeves@lemmy.world to No Stupid Questions@lemmy.world · edit-221 days agomessage-square66linkfedilinkfile-text
For the record, I have no intention of doing this, just wondering why I don’t hear about it more often.
minus-squareMalyca@lemmy.ziplinkfedilinkarrow-up16·22 days agoYou could get blacklisted for Visa, MasterCard and Amex, others too I’m sure. So you’d have to use cash from then on. Not sure about other penalties.
minus-squareCultLeader4Hire@lemmy.worldlinkfedilinkarrow-up5arrow-down1·21 days agoYou can still use a bank card, debit cards exit, it’s not like only paper money exists outside of credit cards.
minus-squareSunspear@piefed.sociallinkfedilinkEnglisharrow-up8·21 days ago Visa and Mastercard It doesn’t matter if debit or credit, cards are overwhelmingly issued by one of these two
You could get blacklisted for Visa, MasterCard and Amex, others too I’m sure. So you’d have to use cash from then on. Not sure about other penalties.
You can still use a bank card, debit cards exit, it’s not like only paper money exists outside of credit cards.
It doesn’t matter if debit or credit, cards are overwhelmingly issued by one of these two