Cremeegg,
For the absolute avoidance of doubt, when I mentioned "can't pay" I meant it in it's true sense.
You are correct with your reference to the secured lending business, but part of that is the Banks fault for not going after those borrowers who can pay, but won't.
Anyone worth their salt would go through a person's bank statements and credit card statements thoroughly, then even go and hire a private investigator, before accepting that a person genuinely can't pay. It's not hard to see what cars are in a driveway, what schools the kids are going to, what the people are doing socially etc. Anyone found to be telling lies should be dealt with most severely.
I'm all for helping those who really need help, but punishing those that don't and have elected to do wrong.
For the absolute avoidance of doubt, when I mentioned "can't pay" I meant it in it's true sense.
You are correct with your reference to the secured lending business, but part of that is the Banks fault for not going after those borrowers who can pay, but won't.
Anyone worth their salt would go through a person's bank statements and credit card statements thoroughly, then even go and hire a private investigator, before accepting that a person genuinely can't pay. It's not hard to see what cars are in a driveway, what schools the kids are going to, what the people are doing socially etc. Anyone found to be telling lies should be dealt with most severely.
I'm all for helping those who really need help, but punishing those that don't and have elected to do wrong.