Student debt (HECS) is in the news here as the government are upping the minimum repayment on it - interest doesn't apply - but people don't pay them seeing at the least important loan to repay. It'll be going up around seven percent when it increases with CPI.

I like the ethos that fellow has. I mean sure, I understand that banks are underhanded in many ways, but ultimately the human, the individual, makes the choice to spend on credit, to gamble, consume excessively, be wasteful and so on. Debt is a trap, one many put themselves into willingly and (sometimes unwittingly.)