Will the credit card industry collapse next? Shld they stop giving credit cards to just everyone, and go back?

goddessinglasses asked:


to the way it was in the 1980′s. Applications were really reviewed and credit was hard to get. Are we all pseudo middle class sharecroppers now- working in stagnant jobs to pay off staggering debts for everyday goods (house, cars, college, daycare)? ( Exclude people who are crazy and buy Jimmy Choo shoes when they can’t even pay the rent.)

Ana
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