One interesting tidbit: the most popular support request we've received since launching is to make the service available in the US and Canada.
One natural reason that this situation has gotten worse is that the credit card market has become completely saturated (everyone who wants a card has one [almost]). This, combined with relatively easy credit recently has resulted in the card companies marketing to people that they would previously had stayed away from.
We've learned that people often become accustomed to credit at an early point in their lives (college), rely on it for awhile, then don't suffer any explicit repercussions, and so grow accustomed to it until the problem grows and it's too late.
I don't really think it's a 'conspiracy' either, since it's clear what the motivations for all of the involved parties are.
Would love to chat about this more, but I need to tend to the serverz :)
One natural reason that this situation has gotten worse is that the credit card market has become completely saturated (everyone who wants a card has one [almost]). This, combined with relatively easy credit recently has resulted in the card companies marketing to people that they would previously had stayed away from.
We've learned that people often become accustomed to credit at an early point in their lives (college), rely on it for awhile, then don't suffer any explicit repercussions, and so grow accustomed to it until the problem grows and it's too late.
I don't really think it's a 'conspiracy' either, since it's clear what the motivations for all of the involved parties are.
Would love to chat about this more, but I need to tend to the serverz :)