Comments by "Lepus Felix" (@MasticinaAkicta) on "No One Dares Use Credit Cards in China: 28 Million Gone in a Year! Debtors Number 800 Million" video.

  1. Oof, don't say that to hard. There are always seemingly some banks willing to provide another creditcard. Yes even in the USA. As long as your credit standing is good enough. I heard stories of someone who went bankrupt and had 14 maxed out creditcards. Over 100k debt on those... poof gone.
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  2. This reminds of me when we had a lot of stores give out creditcards. Yup, they did that here too... they would be both a limited creditcard and store pass. But functionally a creditcard and you could get into some serious debt if you racked them up. Nowadays that is mostly dealt with here, and yes you can get a creditcard, from YOUR BANK that is.
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  3. Now they use OTHER forms of loans... prepayment loans. The type of loan where you buy an item and pay it off in THREE blocks. And yes if you don't... Very dangerous to run into loans and debt.
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