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A comment on 'It's crazy': Chase forgiving all debt owed by its Canada credit card customers. Parent comment

Re:'It's crazy': Chase forgiving all debt owed by its Canada... by moltar on Thursday August 08, 2019 @08:34PM (#20650324)
But why would they sell it to collections if people continue paying the minimums?
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Re:'It's crazy': Chase forgiving all debt owed by its Canada... by toast0 on Friday August 09, 2019 @12:08AM (#20651273)
It sounds like Chase wants out of Canada. If they sell or discharge the debt, they can extinguish their business. Discharging the debt probably gets them to the end faster, since there will be less requests for records going forward, and it should be reasonable to destroy the records sooner in that case.
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