@RexRed,
We need a moratorium on credit in this country! People need to either live within their means or go broke!
If a person needs credit, that in itself is a sign they are a risk.
Credit is expanding the boundaries on a clear risk, kicking the can down the road inflating the final default and passing that unpaid debt off on others.
This is not capitalism when the deck is stacked before you even begin. Real estate is so inflated in price no one can afford it now.