Reply #8: well he ain't the rule

[sui generis]

but he is an idiot.

Most people having credit issues suddenly within the last two years got there due to global default: paying late on ANY bill kicks up all your credit card APR's, which makes it impossible to pay minimum payments, etc. etc. The credit card companies worked hard for this, and now that they have it they're trying to blame the consumer, as a rule.

I do have one thing to add: why oh why do you suppose the credit company ALLOWS overlimit? Let's chew on that for a while. That's another lobby effort that paid off for the big CC companies, including GE Credit who underwrites Lowes, Home Depot and many store credit lines. Now they're complaining that people are defaulting on significantly overlimit, when they're the ones that gave it to them.

If I were a drug dealer, I wouldn't give somebody a bunch of dope and say pay me back whenever and then try to blame the person who already didn't have any personal judgement when they got too high to pay it back. But the "kind" of drug dealer that credit card companies are love to blame the situation they created. They are 100 percent responsible. Without extending credit to high risk, no default can be entered.