If the CC Companies want to extend excessive credit to victims unable to sustain the debt load, then the CC Companies needs to account for the risk that their victims might file bankruptcy. If it is not a risk that the CC Company is willing to accept, then the credit should not be extended in the first place.I'm a new Fool online, but I agree with Chicago Bob on this one. I have a friend who was on disability (living on less than $500 a month) for a severe mental illness. Unable to keep a job. No other income. Yet she was offered numerous cards! Now she is about $12,000 in debt and unable to even make minimum payments. They hound her with constant calls for money! One of the callers asked, "Why did they ever give a person like you a credit card?!" Good question! Total irresponsibility on their part! It has become a nightmare for her and has made her illness even worse! I'm often tempted to encourage her to pursue bankruptcy!
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