[ChuckMcM]

"... most of these people are also deep in debt ..."

At least on the news we see this a lot. The folks who are "screwed" by the banks because they raised their credit card rate and are going broke. When they cover those stories you often get to see how much credit card debt these folks have and it is always > $10,000 and often > $20,000.

To the comment above, at that point you had an emergency a long time ago. If you can't pay off your credit cards at the end of the month you have an emergency.

[kamaal]

Well the first question that needs to asked here is why do those people borrow money after knowing very well they can't pay it back?

Its purely their mistake, and nobody else (society, government etc) can be blamed here.