i answered another post stating i know of 2 guys in particular who owe over 30k. i am not kidding,they have'nt made payments in months because they cannot afford it. how did they rack up so much debt? not by buying electronics or going out to dinner or going on vacation but by getting cash advances to pay their mortgages because they were on the verge of losing their homes. the one guy also used it to pay utility na dcar payments. these are not irresponsible guys but ones that are in survival mode. they had every intention of paying hoping times would improve. its a shame. these are extreme cases but their are many who owe well over 5k ,so do the math. credit card companies are in trouble. what can a credit card compant do if you don;t have the money to pay? nothing..let them get judgements,you cannot draw blood from a stone.