Deadbeats? What about single parents doing everything they can to get by? First generation college students trying to change their lives? People who develop serious illness? Cancer?
Debtors prison? Yeah... take people who owe money... and put them in jail... where they don't earn ANY money AND give law abiding citizens a criminal record - which would alter their ability to gain any substantial employment.. NOT TO MENTION putting regular people away with actual criminals is basically sending normal people to crime school.
I'm a medical student, one year away from joining Doctors Without Borders, and making a differences in some of the darkest places in the world. BUT, because Sprint decided to charge me an extra months service- without my knowledge- they decided to turn me into collections for 56.43. So the world is a better place if I am in debtors prison because Sprint is immoral and flat out wrong, rather than serving people that would otherwise have no access to healthcare?
I realize I am an extreme case, but I also know that I am not alone. Some people do take full advantage of the current system. THANKFULLY, we have things called credit scores that follow people, and alter the interest rates they pay, or even their ability to borrow money or finance.
I think you should reconsider some of the conclusions you have drawn... for your own good.
You sound like a dick - I get random collection calls from numbers and companies I've never had any affiliation with, I also have perfect credit so clearly it does happen.
What a dumba$$ you are. As a former senior credit officer for one of the "big three" national banks credit card departments, let me tell you who is at fault... The Banks.. Who were so greedy when times were good that they over-extended credit to people who were not capable of managing it. When a bank extends a 30k line of unsecured credit to someone who hardly nets 40k a year and already has multiple lines open with other lenders just so they can match their competitors line of credit, then they know full-well that its a gamble. That's why it's called a credit risk. It's unsecured credit. PERIOD. I hope one day you get to experience the financial crisis that so many people are in so that you know what it's like to go from making all your monthly payments with ease to just being able to make your mortgage or rent. I wish this for you only because I know how going through if personally it's changed the very fabric of who I am .. And I really love the "new me" ... Walk a mile in another mans shoes my friend.
Now I know what the 'C" stands for after hearing that 'holier than thou' remark. I guess your life is perfect and disaster proof and never lost a job due to: health reasons, economic reasons, discrimination of any kind, politics, outsourcing, obsoletion or technological advances, for filing for bankruptcy or for whatever other reason and for any real length of time, only to be stuck in a vicious circle that keeps you unemployed for it happening to you in the first place Well, I wouldn't wish that on my worst enemy. My family has been going through it for three years, now. and for thousands more Families as well. i even pray these ords of yours aren't your 'famous last words.'
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