Sorry, but they don't give a shit about you and once the dust settles, you will owe every cent that bounced plus fees, interest, and all the fun fines and shit that comes with knowingly defrauding the usury centers. I get what you're meaning is, but I don't think it'd work too great.
but TSEI 's idea is based on mass numbers of people... the key > mass numbers
The more people doing that the harder it becomes for the banks to punish. they can punish the few but not the VAST majority of an entire country with population of CA .. it is a brilliant idea but it does have a few hiccups . the biggest one i see is banks can set card readers to reject overdrawn cards. but then again in the story when long line and everyone has over drawn cards.. .. could start a riot.. that could set our movement back .. Note: i said COULD not would ...
The more people doing that the harder it becomes for the banks to punish.
Even with 100,000 people doing this, it's still a fractional number to the overall system.
It would take tens of millions of people doing this all at once for it to actually start mattering.
The credit card companies have their own leverage against the banks, and are more likely to get the funds released than trying to fight it yourself. Thing is, I'm surprised the credit cards weren't locked before the bank accounts were.
Can canadians declare bankruptcy?
Why yes, yes they can:)
Technically untrue. A cc is a unsecured loan. U can default but for 7years your credit fucked. Most of the time cc company will offer to settle with you for much lower cost.
Dont recommend this, maybe dif in canada but cc will hassle the fuck out of you and your credit score will drop to lowest 3-400ish i think& tag u so u cant get other unsecured loans. Now a secured load from a bank they can take u to court take assets ext.
Bad route to take everthing else in your life will increase insurance, cant get appartment, even some jobs ect....credit score even though a fucked system is important
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