Oh, but if you get a loan at 10% or 15% interest and are late on a different loan you can get a universal default where your rate is doubled to 20 or 30%. Also

Oh, but if you get a loan at 10% or 15% interest and are late on a different loan you can get a universal default where your rate is doubled to 20 or 30%. Also the credit card companies have successfully lobbied the government to make it harder for consumers to erase these debts with bankruptcy.