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At least in America, the vast majority of the time, creditors are huge companies and debtors are individuals who happened to fall on hard times or make financia
by _bxg1 8y ago
At least in America, the vast majority of the time, creditors are huge companies and debtors are individuals who happened to fall on hard times or make financial decisions that didn't pan out. Therefore it's much, much worse when a debtor is unjustly punished than when a creditor unjustly goes unpaid. It's the difference between completely ruining an individual's life, and removing a meaninglessly small amount of money from the pockets of rich people who will remain rich regardless. Are creditors in China commonly non-rich individuals? Are micro-loans a significant portion of what's being talked about here? I'm asking this as a serious question.
- dis-sys 8y ago> Are creditors in China commonly non-rich individuals? Are micro-loans a significant portion of what's being talked about here? I'm asking this as a serious question. From what I saw/met, most of those debts happened between average individuals. That is how the list end up having millions of cases. I randomly checked a few cases on that list, most of time, the amount of debts are a few thousand USD. It is not some micro-loans for average guys on streets, it is close to one year of their wage.