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It seems to me to make sense - time for you to pay up, and No, good credit does not count as currency. I can't pay MY rent with YOUR good credit.
If I had no earnings and more liabilities than assets (i.e. a bad credit rating), then sure, I couldn't get another bond and would go bankrupt.
Also, as mentioned, when I pause the game and pay off the bond (going over the overdraft limit for a hot second), my credit rating is back high and I can issue another bond, go way back into positive cash, and everything's fine. Except the end game overdraft limit has already triggered during the pause time... even though I settled my overdraft limit by "end of day."