Comments: CONSUMER ALERT: 'CAN YOU HEAR ME' SCAMS

It's because we do credit all wrong. It should be the responsibility of the person giving credit to know who they are giving credit to and to assure that they will get paid. If they give credit to John Doe and later discover it was someone using John Doe's name then too bad. They would have no recourse against the real John Doe. Until we fix this we cannot fix the problem. It would make all forms of credit more restricted and harder to use (i.e. get someone to accept) but so what!

Posted by GoneWithTheWind at March 29, 2017 3:43 PM

That imaginary problem is bullshit. The reason credit is so easy to get is that if the borrower defaults the loaner gets to write off the loss as a business expense. Again, your wonderful gov't at what it does best.

Posted by ghostsniper at March 29, 2017 7:40 PM

1. It would make all forms of credit more restricted and harder to use (i.e. get someone to accept) but so what!

2. The reason credit is so easy to get is that if the borrower defaults the loaner gets to write off the loss as a business expense.

All there is and all you need to know. BTW...its the same thing in regards to voting...

What advantage is there to making it easy? It only works out better for the crooks.

Posted by John The River at March 29, 2017 8:32 PM

Over the past couple months my 86 yo MIL has lost most of her hearing and a lot of weight and is right now down to 79 lbs.

She lives alone in her house and her income is SS.

She went to the doctor and he mostly talked to her about *end of life* stuff which disturbed her.

Then, out of nowhere, several companies contacted her about loans for $6000 for 2 new hearing aids.

Yesterday she got the 4 year loan and the new aids.

There is the strong possibility that that loan will not be repaid.

Is this fraud, collusion, corruption, theft, all of the above?

Posted by ghostsniper at March 30, 2017 4:40 AM

The idea that borrower defaults are acceptable to the lender because the lender gets to write off the loss as a business expense is ludicrous. The key word here is EXPENSE as i it costs the lender money. As a lender, you can't just write off bad debt for too long or you're going under.

Posted by Galway Boy at March 31, 2017 4:42 AM

Hey Galway Boy, ever heard the term "negative money"?

Play to win, even if you're losing, never give anyone the upperhand.

As Mama used to say, "The next best thing to fighting and winning is fighting and losing."

Posted by ghostsniper at March 31, 2017 11:11 AM

Another far more accurate word for "credit" is DEBT.

Are you good enough for our debt card?

Doesn't have quite the same appeal, does it?

Posted by itor at April 2, 2017 12:07 PM

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