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A comment on Three Years in Identity Theft Hell. Parent comment

Re:Three Years in Identity Theft Hell by user5994461 on Sunday September 17, 2017 @06:10AM (#15268975)
Again, that's an American thing. They will distribute credits to whoever ask for them, as much as they can just to make money out of people.

In non insane countries, you are considered debt-free when you have no credit, not when you accumulate credits and pay them with one another.

[ Parent | on HN ]
Re:Three Years in Identity Theft Hell by chimeracoder on Sunday September 17, 2017 @10:21AM (#15269710)
> In non insane countries, you are considered debt-free when you have no credit, not when you accumulate credits and pay them with one another.

I'm not sure how you think the American system works if you think that "debt-free" has any meaning other than "no balances or debts outstanding".

[ Parent | on HN ]
Re:Three Years in Identity Theft Hell by aianus on Sunday September 17, 2017 @09:43AM (#15269544)
Giving people credit without seeing how much they already owe and how they're repaying it is insane. Rich people can go over their heads and default just as well as poor people. There is an obvious and valid need for credit reporting agencies to exist.
[ Parent | on HN ]