No, a credit card isn't collaterizing an asset because it's unsecured. | Hacker News

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		bryanlarsen on Oct 28, 2021 \| parent \| context \| favorite \| on: Tim Sweeney: Tax bill would likely end founder con... No, a credit card isn't collaterizing an asset because it's unsecured.

WalterBright on Oct 28, 2021 [–]

Try not paying your credit card debt and see what happens :-/

They'll come after your assets. And it's very hard to get a credit card without assets.

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