Living on Credit. Whether it’s really profitable?

In my opinion living on Credit is always profitable for banks and always unprofitable who pays for it. J I understand that, for example in the USA almost everyone living on Credit, - You were fired, for example, and as the result you don’t have your car, you house, you yacht and even you couch. Living in the USA is the life only on credit. In general, you have anything, and you have just nothing. In Russia Credit System is almost undeveloped and living as Americans Russians won’t very soon. It’s my opinion, but a good one. $)   

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