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Obviously it’s a last resort. The point is that someone who can afford to pay and doesn’t is very uncommon as this would cause a lot of trouble for the person i

• kccqzy 3y ago
  Then you might as well say that in the first comment. In the U.S. banks certainly already look at your income to make sure you can afford to pay. Credit scores just measure willingness to pay. And before AutoPay became popular, they also measure whether a person can consistently take care of their own affairs and remember to pay.
  • Aaargh20318 3y ago
    Not sure what autopay is, here you usually give the lender permission to directly take the money from your account. It’s part of the contract.
    • munk-a 3y ago
      That's essentially autopay (in effect). Autopay is a cron job for your bank account "Send 200$ to this lender every 15 days" or something similar.
      • Aaargh20318 3y ago
        We have those too, but that's not exactly the same. Say you have a mortgage with a variable interest rate. A repeated scheduled transaction won't work because the amount can be different each month. Same goes for things like energy bills if you have a flex-contract where you pay the actual amount used each month. In my case they will just take whatever amount is due out of my bank account each month.