111–120 of 335 posts
USA is heading down this road, too. 21 states will suspend your driver's license if you fall behind on student debt. This is ass backwards and destructive thinking. I am certain this is just the start of greater restrictions on the unfortunate.
USA is heading down this road, too. 21 states will suspend your driver's license if you fall behind on student debt. This is ass backwards and destructive thinking. I am certain this is just the start of greater restrictions on the unfortunate.
As I've been reminded countless times, "driving is a privilege not a right". You can lose your license for all kinds of 'unfair' reasons that do not make sense, and I agree it's heavy handed to include student loan debt, but until it is Federally acknowledged that all citizens have a right to drive (after passing proper license tests), then this downward progression will continue. In California you can't even registe…
Earlier quoted context omitted.
Are you serious? That sounds like a stupid idea, what if you need a car for/to reach work? then this is really counterproductive.
> what if you need a car for/to reach work? This is America. So the answer is almost certainly: "Yes, you need your car to reach work."
USA is heading down this road, too. 21 states will suspend your driver's license if you fall behind on student debt. This is ass backwards and destructive thinking. I am certain this is just the start of greater restrictions on the unfortunate.
As I've been reminded countless times, "driving is a privilege not a right". You can lose your license for all kinds of 'unfair' reasons that do not make sense, and I agree it's heavy handed to include student loan debt, but until it is Federally acknowledged that all citizens have a right to drive (after passing proper license tests), then this downward progression will continue. In California you can't even registe…
Anytime a criticism of China's social credit score is brought up, there's always a "yeah but US credit score", yet I still don't understand how the two are even in the same ballpark. The social credit score in China is far more invasive and penalizes you for associating yourself with individuals who have low scores. To compare the two is disingenuous and reaks of whataboutism
Please keep the "whataboutism" trope off HN. It's a tired cliché that's only used to delegitimize discussion. Your comment would be just fine without the last sentence. https://hn.algolia.com/?sort=byDate&dateRange=all&type=comme...
Anytime a criticism of China's social credit score is brought up, there's always a "yeah but US credit score", yet I still don't understand how the two are even in the same ballpark. The social credit score in China is far more invasive and penalizes you for associating yourself with individuals who have low scores. To compare the two is disingenuous and reaks of whataboutism
Citation Needed. As far as I know that's a possible, but still speculated feature.
Earlier quoted context omitted.
Not even remotely similar. China's rating system is government-mandated. In the US, the credit rating system is a creature of, and controlled by, the market. The US imposes very weak regulation on the credit ratings companies for individuals, and almost none at all on the credit ratings companies for businesses.
It is a very american thing to say. I mean "it is bad, because it is regulated". Why? I suppose that social credit system of China is abused to make life of political opposition harder, but the article discussed is not about it. It shows case of a failed debtor. And for him it doesn't matter if social credit system is regulated or controlled by the market. What does matter for him is what impact this system has to hi…
Here's a quick overview of how a US credit score is calculated - https://www.equifax.com/personal/education/credit/score/how-...
Earlier quoted context omitted.
That was my point. As someone who walks a lot, there are also large parts of the US that are wholly inaccessible by foot.
The only viable non-car using way to access these areas is an eBike, and even then some areas have super aggressive drivers that are happy to run you over. Unsurprisingly, people aren't too keen on walking/scootering/biking in these conditions :c
"One creditor said the company was a sham from the beginning, with fabricated expenditure and cooked books." Looks like the system is working. If "barred from participation in the securities markets" by the SEC meant flying in coach and no landing slots for private aircraft, it might have more effect.
USA is heading down this road, too. 21 states will suspend your driver's license if you fall behind on student debt. This is ass backwards and destructive thinking. I am certain this is just the start of greater restrictions on the unfortunate.
Also, how does the DMV know what someone’s debt history is?