“Reneging on your justly-incurred debts is theft.”
It sure is. But if you are faced with feeding your family or paying off the card, I’d bet I know where your dollars would go. At least... I hope I know.
Pay off your debts. The only time limit is death.
I hear that rationalization bandied about often. I call BS on that. Nobody is going hungry in this nation except by choice. The U.S. throws away enough food to feed a plethora of third world nations. There are food banks all over the country to feed whoever shows up along with many other charitable organizations and churches. Then you have the government handing out welfare and food stamps like a bottomless ATM machine.
Anybody saying they had to run up their VISA card to buy groceries for their hungry family because they had no other options is pulling your leg and playing you for a fool. And even if they did, they are obliged to pay it back.