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i have a few grand on a credit card. i used the card for capital to expand my business. probably not the best way to go about doing it but it worked and its mostly paid off now.
low interest car loans are to blame for the current increasing household debt. most people have mortgages, and don't typically count that towards the debt but some people are taking on two car loans, multiple credit cards and line of credit loans.
credit card companies are to blame in some manner as well. sure, everyone should be responsible and not use credit cards unless an emergency comes up but unfortunately most aren't that responsible and constantly upping the credit on cards automatically is a dirty trick they use to get you trapped in debt. thankfully that is now against the law in canada. they can't up the limit unless you request it.
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you don't know you're wearing a leash if you sit by the peg all day..
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