Remember this: The last line in the Washington Post's Sunday article,
Credit Card Penalties, Fees Bury Debtors:
The way the fees are now imposed, "people would be better off if they stopped paying" once they get in over their heads, said North Carolina bankruptcy attorney T. Bentley Leonard. Once you stop paying, creditors write off the debt and sell it to a debt collector. "They may harass you, but your balance doesn't keep rising. That's the irony."
posted by Quiddity at 3/09/2005 02:58:00 AM
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