4 ms·
even so, incarceration makes servicing recurring payments much harder, not to mention bail... So (cynically speaking) it's even better because if you are rich
by dnautics 5y ago
even so, incarceration makes servicing recurring payments much harder, not to mention bail... So (cynically speaking) it's even better because if you are rich you're likely to have your credit unhurt by going to jail.
- lotsofpulp 5y agoThat falls under the trivial fact of life being easier if you have access to more money. Surely a lender seeing a history of missing payments is relevant to their business, regardless of the borrowers situation.
- dnautics 5y agoThatsthepoint
- lotsofpulp 5y ago> police make discriminating between a high credit risk and a low credit risk "easy" by having a (possibly unfair) ultrafilter: "did you spend time in jail" The point is it is fair for a lender to use history of not paying on time as a factor in determining riskiness of borrower. It can be unfair to use the sole fact of having been in jail as a factor in determining riskiness of borrower, but in my experience, no lender checks for that.
- deleted 5y ago[deleted]