Yeah, I see where that happens. But I think that generally, $1000 credit on a $1000 beater that is tied to employment does not constitute excessive or frivolous credit.
I guess my problem is that I just want to earn more money and I’m not interested in skipping or scamming, and while I can see the concerns involved - that once you extend even minimal credit (and especially when the credit is minimal), you effectively lack recourse in getting back all the money you are owed and making a profit - I’m not enjoying the idea that I should be denied an opportunity to earn more money because other people are deadbeats, or that others who legitimately seek credit to get ahead should be out of luck. The subprime scam and the bailout really soured my attitude - we who didn’t cause the problem are paying for all this while the miscreants are getting handouts instead of the time they deserve.
I really want to see people prosecuted here instead of bailed out. They have caused huge problems and should be held accountable.
I've got to agree with you there. The system only works properly when those who follow the rules prosper, and those who break the rules are punished. When skipping out on your debt pays, the honest people lose out.