The CC companies have been sucking the life out of people for over fifty years now. The suck you in when you are young and just entering college or starting a family, times when your needs are great and your are just beginning to stand on your own. Once you have established that you are a "good citizen", the credit gates open up and every CC company wants you as a customer. Then you hit a bump in the road and you suddenly become toxic to the CC companies. They come after you day and night, at work or at home. They even begin to haunt your dreams.
You finally throw up your hands and declare bankruptcy or walk away. Everybody loses. You have wrecked your life, losing everything - your self respect, your job, your house, your family, your quality of life, and your chance for a future. The CC company also loses. They lose your money and they lose you as a customer. You are branded so that even if you ever acquire credit again, you will pay a premium for it. Society also loses. Because of all of the easy credit, the price of everything has been inflated - housing prices and rentals, cars, food, gas, utilities, all products and services. Everyone pays higher prices, even those who don't use credit.
Now you are totally underwater. You are restarting your life at a low paying job (if you can find one) while trying to survive in a world of credit inflated prices with absolutely no credit. You have become another casualty of the CC card industry. You are no longer a prisoner of credit but you are still not free because you are unable to support yourself. No one rushes to the aid of a loser like you. You have ruined your own life, courtesy of your generous CC companies.