Its not really about their exposure on that card though is it?

Its about the culture of giving credit to those that clearly shouldn't have it, or are clearly unable to manage it.

The knock on effect of their personal finances being affected by having yet another defaulted debt, will affect whatever else they are paying back. Therefore damaging other lenders debts.

We got to obsessed with buying now and paying later, and forgot that the later bit was 'later', not 'never'.

Posted By: megson, Feb 11, 09:46:52