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My own thoughts are that the credit card companies and the credit card holders are both responsible for the credit card debt. However, I believe that the credit card companies have a duty to act responsibly and they should take the biggest part of the blame for the ever increasing credit card debt problem.

Consider this case below: - Found in the archives of the guardian.co.uk from Jan, 2006

A 50 year old warehouseman earning £150 a week has managed to run up debts of more than £100,000 across nine personal loans and it is claimed that he has a poor understanding of financial matters and no hope of ever repaying any of the loans. To read more please Click Here!