I'm half torn about this.... Cause I know in cases like medical emergency when people just don't have the $$, they can declare bankruptcy and reduce a lot of the debt, But I also feel that too many people aren't taken responsibility of their actions if you run up the bill not understanding what a credit card is and how it works and how revolving credit can make you pay for something you buy for the next 87 years, I really can't say that you should just have all your debts forgiven and can go on with your life.

It would be nice if the credit card companies wouldn't change rates as fast, but technically as a private comapny they are allowed to be anywhere from 0% to 29.99% apr. (anything above that is loan sharking :)