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Also look for the term called "right of off set". Which basically means that the bank would have the right to off set their losses with any assets you may have with the bank.
That is, default on a CC and have $xxx.xx in a checking or savings account and they can seize that $xx.xx to off-set their loss.
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It is better to keep your mouth shut and appear stupid than to open it and remove all doubt. - Mark Twain
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