I'm sure it will repeat itself. Expenses are rising, wages are not, and people have more credit available. No one wants to accept a future than is less prosperous that the past they can still remember.
It is sad to think that many senior citizens who worked most of their lives are chained to debt by just barely making minimum payments.
It would be so cool for CCC to lower interest rates for senior citizens who in some cases were customers of the bank for decades.