So without actual credit history we'll just have to rely on how people look to figure out if they're going to be a bad credit risk and steal the money we just loaned them....Biden is an idiot and he is insane.....
Banks aren’t stupid. The best prediction of future behavior is past behavior. Banks can’t operate efficiently if the tranny needs to get his nails done and doesn’t pay his car loan.
we will be relying on someone named bertha sitting behind a desk reading some random report which you will never have access to, to see if you are worthy of having any sort of life at all....That is their socialist ''dream'
Banking as we know it is over. The future is central banks with direct accounts with retailers. They print money and will not have to worry about bad loans. UBI, social credit scores and fine tuned economic "policies" by a centralized entity is the ultimate communist takeover. Most people will play along willingly thinking it's a good deal
Nope it will come down to collateral. Same way small business works. You have no credit history? No problem, we just need 2-4 times collateral in assets that you own... Oh you don't have assets worth that much? Well sorry we can't lend money to you.
Somehow social justice has come to the point where it's everyone else's fault that they didn't pay their bills.
Yep...business has to have a way to protect their interests.......I ran a construction company for years and many of the guys would always hit us up for loans etc....Anyway it didn't boil down to the issue that they didn't make money....sometimes they made more than me....it was that they spent their money on drugs, alcohol, and cigarettes etc. and now they want to use your money...but they always seemed oblivious to why they were actually broke...So this is the democratic party today.....
So without actual credit history we'll just have to rely on how people look to figure out if they're going to be a bad credit risk and steal the money we just loaned them....Biden is an idiot and he is insane.....
Banks aren’t stupid. The best prediction of future behavior is past behavior. Banks can’t operate efficiently if the tranny needs to get his nails done and doesn’t pay his car loan.
doesn't pay **ITS **loan. F***TFY
we will be relying on someone named bertha sitting behind a desk reading some random report which you will never have access to, to see if you are worthy of having any sort of life at all....That is their socialist ''dream'
Banking as we know it is over. The future is central banks with direct accounts with retailers. They print money and will not have to worry about bad loans. UBI, social credit scores and fine tuned economic "policies" by a centralized entity is the ultimate communist takeover. Most people will play along willingly thinking it's a good deal
Fiat currency is the entire issue...
Nope it will come down to collateral. Same way small business works. You have no credit history? No problem, we just need 2-4 times collateral in assets that you own... Oh you don't have assets worth that much? Well sorry we can't lend money to you.
Somehow social justice has come to the point where it's everyone else's fault that they didn't pay their bills.
Yep...business has to have a way to protect their interests.......I ran a construction company for years and many of the guys would always hit us up for loans etc....Anyway it didn't boil down to the issue that they didn't make money....sometimes they made more than me....it was that they spent their money on drugs, alcohol, and cigarettes etc. and now they want to use your money...but they always seemed oblivious to why they were actually broke...So this is the democratic party today.....
This is how they destroy private property