What would happen if everyone with credit card debt collectively stopped paying them?

return2ozma@lemmy.world to Asklemmy@lemmy.ml – 93 points –
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There aren’t debtors prisons to begin with. You don’t go to jail for owing on credit card bills.

Yeah but you can still get sued, taken to court and will be in a world of financial hurt so bad that you mind as well have served some time in exchange.