I'm not one of those unfortunate SOB's,...perhaps they should have listened to their parents,..don't spend what you can't pay off !!!,..or perhaps they're created a new generation of the indebted,..it will be like the current multi-generational welfare families. However now we have to dismiss college loans (they do have to be paid off). Keep using the credit cards,..and making minimum payments. By the way I use credit cards for the majority of my purchases, (no debit cards), and pay them off totally, and accumulate cash from the credit cards
My daughters both recently graduated from college,..and took out small student loans, which they have both paid back,..they have a few credit cards, which they pay off in full every month,..both of their FICO are in the high 700's, approaching 800
It ain't that tough, common sense no longer prevails