al3xnull
Joined 12 years ago
Joined 12 years ago
Why should someone whom is asking for money with no way to pay it back get the same preference as someone asking to borrow money who has a history of solid payments and has enough capital they could liquify to pay off at least 50% of the amount tomorrow?
I don't think that utility companies or landlords under report although I understand that it would be nice if they reported more for beginning creditors. The distinction for why they aren't included is that they aren't lending you money. You are only paying for their services as you use them. Once in default, they are effectively loaning to you at that point though with a balance to be paid. Do you think the IT technician whom invoiced you for $2500 in work should also report as well? [shrugs] Guess I don't want all balanced from whom provided me a service to be in a credit report for 7 years but I understand that is just me.
The New Deal(s) did not really do the above. Although it really provided value in the form of infrastructure as well as employment to citizens it had to take money from people as well as borrow large amounts to do it.
Hating on corporations and trading them for the government as a pseudo-corporation is just as bad. Sounds like a comment dripping with naivety from a college history class as if it's a final 'gotchya' against someone who is looking at the situation from all avenues.