Quote:
Originally Posted by Seeker
They the CC companies, are in it for the money; it's their business, they will not make choices that limit their income.
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...except in order to make their income more secure. They know that people who file BK will only be paying back pennies on the dollar. It's in the interest of CC companies to get people to use them, but still be able to repay their debts. This is where the best chance for beneficial change to how the current mess could be changed. If the companies reel in the free-flying credit but in turn make their profits safer, it's still beneficial to them, and thus a course they could be talked into taking.