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From what I can see this is an open and shut case. If this person puts everything on credit then he should know that he must pay it back with the interest. When you buy something on credit the item is sort of yours to use but then again the final owner would be the credit company. Only once the item is completely paid off is it completely yours. This person who intentionally maxed out this credit card and is refusing to pay it back must not be very smart. He might be able to keep his model trains but he will lose something (asset) somewhere. Credit cards should not be used unless it is an emergency. Credit cards sort of make life easy for the moment but after that reality sets in. Example: I believe that Enron has learned this valuable lesson. Hopefully, this person will learn a valuable lesson in life that life is simply not so easy and can not be put on credit forever.
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