Reply #65: In a very few cases, people would be

[closeupready]

borrowing without any intent to pay back. That is borrowing in bad faith, and it's disgusting, yes. Though, it's kind of difficult to see why someone with sufficient credit to borrow from a credit card company would be willing to destroy that credit rating for the relatively minor amounts cc companies lend.

But in almost all other cases, people really believe they will pay it back (and some will indeed do that), or will find a way to pay it back, if not immediately, then later, even if an outsider looking that person's situation believes that, there is no way in hell this person will pay it back. (Which begs the question, why is a credit card company lending to someone in such a precarious financial situation, and if they do so anyway, aren't THEY being irresponsible? I think so!)

So I guess intent is the issue here. I really don't believe the vast majority of people who end up not being able to pay back are thieves and fraudsters, as you seem to. And since you haven't provided any data to support that argument, I'm not prepared to buy into it. But you are entitled to continue believing it.

Peace.