zappasguitar
Well-known member
im actually serious. I work in the industry. The total credit card debt keeps getting higher but less and less people are qualifying for cards. That means the bottom ones are dropping out due to too much debt.
Its not a coincidence you see a lot of secured cards /credit buidling cards in the market recently. The banks are doing everything they can to lure people back into the market because too many are dropping out.
So more and more people are learning Credit Cards aren't the answer and are learning to live within a budget.
Sounds like a good thing to me.