Defending the Usurers

I would like to give a second look at the much maligned balance transfer credit card. It is widely known as an instrument in driving people into deeper bankruptcy but what people fail to acknowledge is the second chance that it gives those in debt. Of course, high-risk loans will have to come with higher interest rates but that’s business. When banks and other prime lenders cannot anymore give people the opportunity to get out of debt, the maligned cards are there offering a second chance. It is up to the borrower to step up and redeem himself. It is not the card’s role. It is afterall, just a piece of plastic.