- Platinum Member
- Posts: 77
- Joined: Fri Aug 10, 2012 7:03 pm
- Location: El Paso, TX
Amexcorp, I have a problem with your statement, "I am no longer legally responsible for the debt..". Legally or not, it's personal debt that you incurred on your corporate card. It's still very much your debt. Credit is a phenomenon that we humans created to improve our lives. It changes the way we spend. That's all it does. The creditors are people (or companies managed by people) that we don't know and have probably never met, yet they're willing to lend us THEIR money to use as we seem fit. They offer us a sum (credit limit) and they give us a small piece of plastic that we can use to access those funds. They trust us. Sure, we pay them interest for using their money (unless it's a charge card) but that's the cost of doing business. Still, we gladly agree the interest rate when accepting the use of their money. Repaying these people (creditors) that we don't know and have never met is a MORAL responsibility that trumps any LEGAL responsibility on the books. If, in good faith, you can't repay, fine. File for bankruptcy and move on. Life happens. But if you can repay the debt and only chose not to because of a legal issue outside of bankruptcy then all that says is that the creditor clearly made a mistake in extending you their trust. Look Amexcorp, I really don't mean to pontificate here but if you owe the debt, pay it. Plain and simple.
Just my two cents worth.
You're using this forum exactly for the purpose that it was intended: For soliciting feedback or comments and advice from those of us who use and enjoy credit cards. Thank you for contributing. We look forward to other contributions from you in the future. And, sincerely, Amexcorp, welcome to our forum.
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