I don't have acredit card. However there are many individuals who do. And they got their credit cards in good faith. They thought they would be able to pay their debts, because they had jobs. However since there are NO jobs available. How are they going to pay for their convient plastic credit cards?|||Raking up credit card debt is a bad move whether you have a job or not.
Society needs to learn to live within their means but banks are just as much at fault for allowing people to continue getting approved for more and more credit.
It's a vicious circle.|||Many people save in case they lose their jobs.
Experts will tell you to save 6 to 9 months worth of living expenses in a savings
Note: 54% of Americans pay their credit cards in full each month.
They never carry a balance and never pay interest.
They also have that emergency savings in place.
^^^ Not everyone is a dead beat|||That is a complete false argument.
If they did not have the money to pay for it they should never have purchased it.
If you did not have the money to pay for it you would then be paying 20% interest. You have to be nuts to purchase anything at 20% interest.
That is very simple economics.
Even the squirrels know that you must put something away for a rainy day.|||"They got their credit cards in good faith." That's not why they're in trouble. They're in trouble because they BORROWED too much on those cards instead of behaving responsibly.|||as of 3 minutes ago, there were 4,223,009 jobs available in america....|||No jobs available?
I doubt it.
If you are willing to work for less, at least temporarily, you can find a job.|||What?
So because they were to stupid to plan for the future they should be forgiven their debts?|||They can ask the IMF to bail them out like everyone else
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