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Originally Posted by CRFSaver
well if you compare how credit card offers were 20 years ago the ones today are amazing. Ask your parents what it was like to get a Credit Card back in their days and even more if you had terrible credit.
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In many ways it's too bad those times changed. I did collections work for citibank and really felt that they shared equal responsibility for the bad debt. Why on earth would they give someone who worked parttime at walmart a $20k limit? That's more than that person made in a year (and I saw the application, they were completely honest about their job and the money they made).
Credit used to be difficult to get. Now they give it to animals (yes, really, there are documented cases of pets being given credit cards when the owners very clearly and honestly indicated they were pets on the application).
This doesn't excuse the people who abuse it, but I do think that responsibility is a two way street.