When you hear people complaining about why a bank only gives you 4% interest on your savings but charges 24% on your credit card, this is why. The rest of us pay for the people that don't pay or make them spend extra to collect.
They tried that with me in 2016 and I filed a Chapter 7 Bankruptcy and Discover tried to come after me in Bankruptcy. My bankrupctcy attorney had to send them a cease and desist letter
Been with Discover for just over 37 years. No missed payments , no late payments. Have always either paid well over the minimum or the full amount. Great CS and never have had any issues with them.
I feel sorry for anybody who loses their job because that’s a terrible thing to happen to your life overall, but I don’t blame Discover for doing this. It’s a tragic situation if it’s due to a job loss, but I’m sure that there are people out there who simply don’t pay.
People who borrow money consistently from friends or credit cards tend to be irresponsible people. Could they lose their job ? They could, but most of the time its about getting to their paycheck before they blow it on stupid stuff. The reality is, a lawsuit against a jobless homeless person is a waste of time, they only go hard where there IS an income to garnish.
Banks are quick to sue. Bankruptcy might be the only cheap true legal way out. Maybe not cheap but cheaper. Also if u are a california resident i believe u can't even get garnished if u make minimum wage or slightly above
I've been a Discover customer since the 1990s. I've never had a problem with them and they have always cancelled fraudulent charges. I see that most of the comments are reasonable in asking why you'd be surprised in getting sued if you don't pay your bills. You sign an agreement stating that you'll pay your bills on time. The impression I get is to get a Discover Card if you pay your bills on time. If you don't, pick a different card. I'm perfectly fine if those that don't pay their bills on time switch to a different card as it will mean that Discover's losses will be smaller.
When you hear people complaining about why a bank only gives you 4% interest on your savings but charges 24% on your credit card, this is why. The rest of us pay for the people that don't pay or make them spend extra to collect.
I just don't understand why the card users are surprised. You used the card so pay your bill. The entitlement some people feel they have is shocking.
It’s wild lmao. If you borrow money you gotta pay it back. It’s that simple
They tried that with me in 2016 and I filed a Chapter 7 Bankruptcy and Discover tried to come after me in Bankruptcy. My bankrupctcy attorney had to send them a cease and desist letter
My Discover is my oldest card and love their customer service
Been with Discover for just over 37 years. No missed payments , no late payments. Have always either paid well over the minimum or the full amount. Great CS and never have had any issues with them.
Why should discover not sue you? The.minimum payments you cant do? Your fault. Your priorities are screwed up
I feel sorry for anybody who loses their job because that’s a terrible thing to happen to your life overall, but I don’t blame Discover for doing this. It’s a tragic situation if it’s due to a job loss, but I’m sure that there are people out there who simply don’t pay.
People who borrow money consistently from friends or credit cards tend to be irresponsible people. Could they lose their job ? They could, but most of the time its about getting to their paycheck before they blow it on stupid stuff. The reality is, a lawsuit against a jobless homeless person is a waste of time, they only go hard where there IS an income to garnish.
Discover will work with you to get out of your debts
In my experience Discover forgave my debt. Wrote it off and sent me the 1099. You do have to report forgiven debt on your taxes.
Lets be real here.....if someone doesnt pay debt, their also not competant enough at life to follow any of these steps in this video either
@@EmperorDionx lol but true.
So you stop paying and prob not communicating and you surprise they want their money? They are willing to work with you and even lower interest
dont get in debt never get cards without a emergency fund
Ngl if you don’t pay your credit card back you deserve to have it garnished out of your paycheck.
Don’t be a deadbeat, pay what you owe.
Banks are quick to sue. Bankruptcy might be the only cheap true legal way out. Maybe not cheap but cheaper. Also if u are a california resident i believe u can't even get garnished if u make minimum wage or slightly above
I've been a Discover customer since the 1990s. I've never had a problem with them and they have always cancelled fraudulent charges. I see that most of the comments are reasonable in asking why you'd be surprised in getting sued if you don't pay your bills. You sign an agreement stating that you'll pay your bills on time. The impression I get is to get a Discover Card if you pay your bills on time. If you don't, pick a different card. I'm perfectly fine if those that don't pay their bills on time switch to a different card as it will mean that Discover's losses will be smaller.
Possible once late with one credit card the others will raise your interest rate and lower limits. The circle of doom has begun.
I mean, it's information from reddit, so take it with a grain of salt.
Don't use one card to pay another card.
American Express have their own legal department that handles delinquency’s.
Discover keeps hanging up and won't let my cousin work out their debts
Good information to know! Thank you so much!
can i put my legal fees on the discover card? 🤔
No credit cards is a good thing.
Pay your card don't over spend
Great info
I heard Joe Biden was going to forgive credit card debt for student loan holders! 😆
Just file for bankruptcy
I'm not afraid. Discover, bring it on!
Aww we got a Discover card! No wonder they say "We dont take... Discover?"
Discover card is crap
Mine is plastic, I didn't know they use other materials to make their cards.😊
Nope. People who are bad with their finances and don't know how to properly use a credit card are crap.
@@CZAR-OF-SARCAZM well deserved title 😂
Discover is Super Crap 💩
LOL deserved
21yrs old Discover refused me.71yrs old now well off.I cost Descover at least 50bucks last 50yrs sending adds.& countless $ refusing them.