Consensus has arrived:
Spend money you don't have, then neglect to pay debts off by having a bad credit rating for a couple years while avoiding answering bill-collection agencies calls. Then rinse and repeat.
wow, <insert derogatory term for dumb people who abuse the credit system> really are winners. Your grandparents would kick you in the balls for not owning up to what you owe. Society is going to hell (since the day they gave everyone credit cards).