Hmmm...  I say, let's blame the enabling doctor.  I wrote a post about credit as curriculum in school so they could hopefully learn about it at an early enough age so they would hopefully have some understanding of it and how it works.  My thoughts were teach them early before they go out and ruin their credit and have to wait years before they repair it in a slow painful process.  One of the reasons I wrote that post was because the credit card companies have tables set up outside of the classrooms handing credit cards out to unemployed students like candy, with no required responsibility attached to it.  I guess the credit card companies figure mom and dad will pay?

Another problem we have is instant gratification.  We watch rich and famous people and the public wants to live that way too.  Big homes, big cars, fancy trips! How do they do it?  Credit.

I think there should be more balance.  If the credit card companies can give cards away on college campuses around the country, then maybe they should have to teach classes about using credit.  Maybe lenders should be more proactive in regard to teaching about credit and what the ramifications of over extending yourself would be.

The other piece to the puzzle is that we have to be accountable for our own actions.  We can't always blame someone else.  We need to read what we are signing and know what we are getting ourselves into.