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To: Conspiracy Guy
Identity theft is probably less than 5% of bankruptcy cases.
True. If that even.
I'm just not very sympathetic the those guys.
I do agree that folks should be required to pay their debt, and that people should be responsible enough to look after themselves.
BUT, these guys will give a guy just out of college a $50,000.00 card and as long as the minimum payment is made, they will keep increasing the limit way past what could ever be paid back. This is long before kids are mature enough to learn how things really work.
I don't think that the law should be used to cover them for deliberately making bad loans.

Regards,
GE
89 posted on 04/20/2005 6:01:11 PM PDT by GrandEagle
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To: GrandEagle

I taught my kids about credit cards and they listened. Ignorance is not an excuse. A victim of ignorance is a victim just the same. I don't buy in.


108 posted on 04/21/2005 4:39:37 AM PDT by Conspiracy Guy (Caution. Contents under pressure.)
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To: GrandEagle

" I don't think that the law should be used to cover them for deliberately making bad loans."
I agree with this and especially in regard to the outlandish credit being offered to college kids. Thank heaven my kid is living at home while going to local college, she gets at least ten offers a week for up to $2500 credit lines, no way she makes enough to be given this kind of credit. Luckily I have her trained to toss these in the 'shredder' box.


152 posted on 04/22/2005 1:33:03 PM PDT by antceecee (God Bless Pope Benedict XVI)
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