In the U.S., credit card companies make offers to people fresh out of bankruptcy. They do this
Question:
In the U.S., credit card companies make offers to people fresh out of bankruptcy. They do this because they know that those targeted people cannot file for Chapter 7 bankruptcy again for eight years. If someone fails to pay back what they owe the credit card company, the company can sue to collect the debt.
In small groups, discuss whether you think this practice is ethical. Why or why not? What reasons exist for not offering new credit to people who have just gone through bankruptcy?
Why might such people need new credit cards?
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The ethics of credit card companies offering cards to people fresh out of bankruptcy is a complex issue Heres a breakdown of both sides Arguments for ...View the full answer
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Related Book For 
Business Communication
ISBN: 9781265045630
13th Edition
Authors: Kitty O. Locker, Jo Mackiewicz, Jeanine Elise Aune, Donna S. Kienzler Professor
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