Lots of credit card debt is unsecured because the purchased goods are consumed, ... | Hacker News

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		jackcosgrove on April 30, 2020 \| parent \| context \| favorite \| on: Colleges at the breaking point, forcing ‘hard choi... Lots of credit card debt is unsecured because the purchased goods are consumed, but that is dischargeable.

slg on April 30, 2020 [–]

Which is why credit card interest rates are so high and why you can't get a credit card with $100,000+ limit as an 18 year old with zero income or credit history.

lostcolony on April 30, 2020 | [–]

And also why credit card debt is not concerned a necessity for 'making it' in society.

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