You say that car thing like it's bad. Instant enforcement of debt is good for both the lender and borrower. It stops people getting trapped deeper and deeper in

You say that car thing like it's bad. Instant enforcement of debt is good for both the lender and borrower. It stops people getting trapped deeper and deeper in debt. A lot like pre-pay phone/power/etc. Your life isn't ruined because you stopped paying, just inconvenienced for a few days.