Re:The careless errors of credit reporting agencies
by syshum on Sunday September 11, 2016 @07:18PM
(#12476207)
>It's absurdly backwards because it's asking you to create debt which normally is the opposite of showing you are good with money
The American economy, and largely the world economy is based on accusation of debt.
If everyone in the US, or other First world nations simply started living with in their means, never incurring debt the entire of the world economy was cease.
Thus the credit system is design to reward people that acquire more and more debt and punish people that save or live frugal life styles with in their means
The modern economy depends on a person gathering debt from their 18th birthday until their death, where the assets of their life are then sold to cover those debts ensuring the next generation also has to acquire debt repeating the cycle.
The American economy, and largely the world economy is based on accusation of debt.
If everyone in the US, or other First world nations simply started living with in their means, never incurring debt the entire of the world economy was cease.
Thus the credit system is design to reward people that acquire more and more debt and punish people that save or live frugal life styles with in their means
The modern economy depends on a person gathering debt from their 18th birthday until their death, where the assets of their life are then sold to cover those debts ensuring the next generation also has to acquire debt repeating the cycle.