My friend has a lot of debts and now being collected by debt collectors
My friend is a busy person and likes to explore new things. He has a way of living that an average person cannot cope up with. He likes to start businesses and it suddenly stops it. Recently he loaned from another bank for him to open another business. The bank approved his proposal and lend him the money. After a few months a lot of debt collectors comes to find him to collect his debts. Can he use his credit card to pay for those?
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There are people like this, who likes to start a business and suddenly stops it even though he did not gain a profit. They do not have the guts to be a business person. They usually loans a lot and hides when it comes to payment. In this situation, the banks sends a debt collector for them. The person cannot use his credit cards because his accounts are hold and it the banks who are charging him.