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Should You Stop Paying Credit Cards? – Why Banks Won’t Help Until You’re Behind
What if the “responsible” thing you’re doing with your debt is actually making your situation worse?
This week, Steve Rhode and Damon Day dig into one of the strangest realities of credit card debt: your bank may refuse to offer meaningful help until you’ve already fallen behind.
That creates a brutal trap. People raid savings, drain retirement accounts, and keep making payments they can’t afford—all because missing a payment feels irresponsible. Then, once the money is gone and the payments finally stop, the creditor suddenly has hardship programs, settlement options, and different…
The skinny
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