A question on Credit in a cardless society Options

[Tiralee]

Ok, people have explained Shadowrun's "cashless" society pretty well, but what about credit? Specifically credit cards.

With a credstick that contains instant access to the user's banking accounts, is credit still around? I'd say yes - the monetry gains of having a society in debt would be staggering.

But HOW would it work? If you can access bank details instantly, bad debtors would find that their line of credit would run dry before their card would be approved.

I'm thinking _good debtors_ (Ie: those who make the interest payments but have a permanent "chunk" on their card/s, thereby maintaining the cycle of endless debt) may have multiple "cards", thinking of identities or "accounts" open with each credit institution on the users credstick.
As long as that person's minimum back balance doesn't fall below a certain point, the interest payments are met and only "Approved" (non-competitive) credit lines are established and maintained on one identity, Joe Public can splash out on a genuine leather seat that's normally out of his means.

Thoughts?

-Tir