In defense of these credit card companies, refusing to extend credit to "deadbeats, the uneducated and underinformed" would probably land them on the wrong side of some kind of stupid Federal regulation aimed an eliminating "racist lending practices."
to a large extent, I can see where people have gotten away with murder when it comes to bankruptcy.....I know people that declared it when they were in one small house, kept that house, bought another and now have a huge RV to boot,as well as take the very nice Disneyland vacations with all the trimmmings.....
so, how could they do all that...have two houses now, rv and money to burn, yet just about 4 yrs ago, had to declare bankruptcy?