No-one ever held a gun to my head and forced me to spend on my credit card or buy a mortgage.
So you only ever complain about something if it's as a result of someone putting a gun to your head ?
You would never complain about the BBC because no one has ever held a gun to your head and forced you to watch it ?
You would never complain about public transport because no one has ever held a gun to your head and forced you to use it ?
You would never complain about other road users because no one has ever held a gun to your head and forced you to use a bicycle ?
We live in a society where our living standards are based on credit. Individuals are actively encouraged to apply for credit, it is the sensible thing to do, so we are told - whether it's to provide a home for ourselves and our families, or to acquire a means of transport, or pay for a holiday, or buy xmas presents, etc, etc.
It is a system which I believe to be deeply flawed and unacceptable. However, it is the system which is in place at the moment, and until we change it so that people can maintain their living standards and pay for life's necessities through reasonable wages, there's not a huge amount that can be done about it.
If individuals have debt to an unaffordable level......
That is not the reason for the "credit crunch" in the UK today. I have heard of no evidence that individuals in the UK defaulting on their debts caused the credit crunch. Indeed it would appear that the most popular solution to the mess which we are in today, is to encourage people to borrow more. Hence the lowest interest rates in history.
I have however heard, that the banks screwed up. And screwed up Big Time.