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An honest assessment would conclude that our laws are too creditor friendly. They allow lenders to take on more risk than they otherwise would have. I don't kn
by marvin 6y ago
An honest assessment would conclude that our laws are too creditor friendly. They allow lenders to take on more risk than they otherwise would have.
I don't know how our delinquency rates compare to the rest of the world, but there's quite a bit of it. My take is that these laws are due to somewhat unflattering protestant cultural heritage, rather than a deliberate decision to encourage financial responsibility. I struggle to see how the possibility of lifelong debt slavery is moral.
- tathougies 6y agoI mean... I agree with you. I like Norway's model... Please don't be so confrontational.
- marvin 6y agoOh, it wasn't meant to be confrontational towards you. Sorry that that's how it came across. If it ended up sounding a bit harsh, my annoyance was directed towards the legal system. It's just - I do have a bit of a problem with the underlying morality of this system, and our (Norway's) culture is so homogenous that few locals ever question these things. It's refreshing to share this on a forum where lots of people are curious and have an open mind. It's not like this is a massive social problem. People who end up in this kind of misery still have a roof over their heads and get to eat and have good healthcare access. But they wouldn't really expect to ever get back on their feet status wise, and that's sad.