Sure, credit cards can do a lot of immoral things to people, but it is mainly the consumers fault for failing to understand what they are getting themselves into.
I love credit cards. This may sound absurd to most people. But I don’t believe in buying anything in this day and age without being rewarded for it.
I am 19 years old, started with a Secured Credit Card, then got my American Express Blue Cash, and now have a Chase Freedom MasterCard to use for everywhere that does not take my American Express. I pretty much abandoned my secured card but do not believe in closing credit cards.
I have a credit score of 750, have a great savings and investment plan in which I am able to invest 40% of my paycheck, 5% in which is put into a 401k, and matched, the other 35% goes into my brokerage account, and I have saved up over $30,000 in investments, while working part time since I was 16, have never carried a credit card balance, go to school full time at UT Austin, have no loans, pay my phone bill, car insurance, gas, utilities, and am reimbursed for tuition through work. I also purchased my car on my credit card, and paid it off the same day and was able to earn a whopping amount of cash back.
I just really dont understand why people hate them so much. I have been able to reap the benefits of a credit card. Thank you mr. american express blue, and mr chase freedom for letting me take advantage of you.
People are stupid for ever financing anything. WHy is the concept of paying for things in full so hard to understand. THe only thing that should ever be financed, and only if it must, is a home. THeres no reason for anything else to be financed. I hope the world learns one day to be responsible for their actions, and instead of being dependent on everyone else, takes responsibility for their finances, and that way we can improve the growth of our economy, and improve our 0.3% gdp growth.
Anyways, Im just tired of hearing all the crap about people losing their homes and crying about it, people paying everything on credit and carrying the balance, people making stupid decisions and blaming it all on someone else. I mean seriously, yes its wrong and crooked for companies to do some things like subprime loans, but what kind of idiot that makes 60,000 takes out an ARM worth 600,000. fucking retard. anyways, i just wanted to vent. thanks to whever reads this.
oh yea, and to everyone that is scared to accept a credit card, and scared about inquiries. inform yourself. i will gladly accept any credit card that will raise my credit availability. inquiries only negatively hurt your credit for a few months. the long term effects of high credit availability with no debt will make my score soar. inform yourselves people.
I completely agree with you!
Credit cards are awesome they just need to be used responsibly.
http://www.tourfactory.com/s363194/r_www.youtube.com 
In this vide Fred Sed explains whether or not a short sale can save your credit. He breaksdown the difference between a short sale and a foreclosure and the different impact they would have on your credit. Fred also explains what it takes for someone to be in line for a short sale and how they would qualify.
Video of the operation to enter First Federal Credit Union during the Iowa floods of June 2008
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Ironically filmed before the credit crunch, the story explores some of the reasons behind the economic crises from an unconventional angle. Two brokers meet a stranger in a London pub who describes his traumatic past. Through a graphic story they come to realise how clouded their own reality is. Written and directed by Mark Jenkinson and Jose Gomez. Sean Devrin, Toby Manley, Hernando Alvarez, Montse Sala. Produced by Jax Evans.
This is a short interview conducted in the College Center on the campus of the State University of NY at Plattsburgh. Ginny Brady, UFirst FCU Board Member and Morriss Partee of EverythingCU spoke with students about credit unions. Dan Reynolds operated the camera.
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http://www.davidjenyns.com