Lenders Primary Concern Not with Loan Payback?

I used to think of the structure of a loan to be that; a) entity needs money b) entity who has money sees opportunity to let other entity use their money in return for paying back the money borrowed along with an additional fee ie interest. I think we all understood the game as banks and lendors make money off of interst.
Then the lenders got smarter. They set up a business model where it does not matter if loans get paid back. They nickel and dime everyone to death. Miss your payment date by a day and it will probably cost you $50.00. I can’t wait until everyone realizes that their stuff won’t make them happy and it is better to live without the credit card debt.
I carried credit card debt while I attended University as it seemed unavoidable. I feel so much more free and lighter now that I have paid them off. It was not easy though. Once I graduated and started working I made it a priority. And I still make it a priority to keep very little on them and have them paid off every month.
This post was inspired by the New York Times article “Given a Shovel Americans Dig Deeper into Debt” and it has some nice figures on how late fees and APR have increased to account for the fact that loans are not getting paid back.
You always have to keep in mind that Banks, large corporations and CEOs will always make X and it increases every year X+2 and this happens reagardless of how their business is doing. Thus you always have to keep your eyes open.