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You Could Win $1,000 by Shredding Your Credit Card (and Making a Viral Video About It)

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NOW THIS IS HAPPENING
DailyFeed
I believe this is what people are referring to when they talk about "debt repudiation" and "consumer balance sheet repair."



Sponsored by PerkStreet Financial and Lending Club, the Shred Your Credit Card contest is an actual contest! PerkStreet Financial is a debit card vendor. Lending Club is essentially what looks like a microlending platform. so basically it's an advertisement... and an effective one, too, because... well, just look at what you're reading. (Sigh). You got us, savvy PR firm!

Also, see Kevin Depew's Five Things today for more on the slowing velocity of consumer credit appetites.
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