should I even bother with paying off my credit cards?

[vegaspilot03]

in light of the soon to come economic collapse and the replacement of the Dollar.... here's a Q.

I have about 2k in CC debt, should i even bother to pay it off? or just make minimum payments and instead buy food/ammo???

after they monetize the Amero, will they replace my debt into Amero debt? they really cant because then they should accept my dollars as equal in value, 1 dollar = 1 Amero type of thing.

so.. any views?

[Johnnybags]

in light of the soon to come economic collapse and the replacement of the Dollar.... here's a Q.

I have about 2k in CC debt, should i even bother to pay it off? or just make minimum payments and instead buy food/ammo???

after they monetize the Amero, will they replace my debt into Amero debt? they really cant because then they should accept my dollars as equal in value, 1 dollar = 1 Amero type of thing.

so.. any views?

The dollar is a worth .50 to .60 cents to the Amero, you will owe double. So goes the rumor.

[Cowlesy]

if some "Amero" ever emerges I promise to make a youtube video of me eating a crow.

[..PAUL4PRES..]

if some "Amero" ever emerges I promise to make a youtube video of me eating a crow.

Raw or cooked?

[JordanL]

In a very real way this is the reality: defaulting on your credit cards will send it to your credit history, yes. It will damage your credit rating.

However, in certain economic climates the monetary value of the damage to your credit is less than the loss of savings made by paying off the cards.

Note: I don't think we're in this place right now, and I'm certainly not advocating defaulting on purpose, (although this is a common strategy for corporations). Just something to think about.

[Apparition]

if you have the ability to pay, then pay.
your debt isn't going to magically disappear just because a new currency gets reigned in.

[dannno]

In a very real way this is the reality: defaulting on your credit cards will send it to your credit history, yes. It will damage your credit rating.

However, in certain economic climates the monetary value of the damage to your credit is less than the loss of savings made by paying off the cards.

Note: I don't think we're in this place right now, and I'm certainly not advocating defaulting on purpose, (although this is a common strategy for corporations). Just something to think about.

He wants to make the minimum payments until his debt is monetized.. if hyperinflation hits, a big mac might cost 2,000... but that may mean missing payments if he loses income and defaults..

[ihsv]

if some "Amero" ever emerges I promise to make a youtube video of me eating a crow.

I'll be the first to remind you.

That includes the feathers, right?