4 ms·
So people list their bad debts on a website and compete for the most compelling sob story to get them written off. I actually cannot imagine how this would lea
by fr0sty 14y ago
So people list their bad debts on a website and compete for the most compelling sob story to get them written off.
I actually cannot imagine how this would lead to better outsomes than just buying and forgiving debt blindly. You would preference the best and boldest liars over people who can't bring themselves to debase themselves in front of the world in hopes of your patronage.
Buying blind at least solves the adverse selection problem.
- lizzard 14y agoI would not mind buying and forgiving someone's debt blindly. I've been in situations where $2000 debt destroyed my ability to survive independently. While now I could pay off 2K instantly without even feeling it. How lovely it would be to relieve someone of that burden!