Editorial on Credit card and Bankruptcy .

Edwards Finance > Loans

Q. I'd like to see bankruptcy legislation that tightens things up on people who overuse credit cards to buy stuff. Sure, we're all at risk of falling prey to the constant pressure to buy, buy, buy but what happened to personal responsibility?

A. Until recently, credit card companies tried to insure that they only lent money to financially stable and responsible people. You needed assets, a good financial record, a good paying job, etc, to be able to get a credit card. However, recently they've begun giving credit cards to damn near >anyone

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