> This is just depressing:( What about it is depressing, the bad credit these people now have? I doubt they were all actually broke, they just didn't pay off

> This is just depressing:( What about it is depressing, the bad credit these people now have? I doubt they were all actually broke, they just didn't pay off the debt because it's dumb. I'd find it depressing if the individuals actually paid it off... the sensibility of walking away and taking the bad credit is precisely why these credit companies are prohibiting this class of purchases. It's not a favorable scenario for the creditor.