Let me fill in the blanks . I raised some of those points and he said that he has a couple of cards with nowhere near the limit on them . He's not running wild and racking up debt . He said that he could easily go buy a new vehicle and finance it with no problem any time he wanted . He just said that " I have no problem owing people when I die . "The thing that strikes me as odd with this is the person is 65. Who knows how long they’ll live. I can’t imagine banks extend too much credit to retired folks unless they have a defined benefit pension or something tangible.
So this person racks up debts, pays the minimum. Wastes thousands on high CC interest for years. Probably maxes the cards out. Then what? The cards are maxed out. Can’t really use them then paying minimum payments that are primarily interest.
Maybe he scammed the bank out of thousands for a year or three, but he’ll be paying interest possibly for decades.