Credit Card Crisis the Next "Housing Bubble?"

I had nearly $30,000 in credit card debt at one time (see here). Part of that debt came as a result of being so strapped that I paid my rent two or three times with those handy-dandy "courtesy checks" the credit card companies send you. Who knows how much of that $30K was a result of those (comparatively) little payments? You get in over your head so quickly, and getting out takes a very long time. It took me over 9 years.

I really feel for these people. They are in for an incredible amount of stress and anxiety, and years and years of indebtedness.