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Originally Posted by xaq141175
What does the government have to do with people spending on credit cards again ? [...]
Unfortunately it seems as though many people do need a nanny state.
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The problem is that, at the moment there is insufficient regulation of the credit lenders so that it is too easy to a) get credit and b) get into serious debt.
Yes, ok, I don't deny that some people get themselves into trouble, but when there are people begging you to take their cards and effectively offering inducements (low introductory rates etc) to persuade you, it's not difficult to see how people can be suckered into taking out more credit than they can repay.
Of course by the time they *realise* it, they're so deep in the s$$t that there's very little they can do to get out without *further* borrowing.