Comment by mschuster91

So what. Maybe it is corrosive to society to provide unsecured credit willynilly. Yes, it makes the banks giant amounts of money, but IMHO consumer credit should only be a thing for two classes of assets (that can be repo'd easy-ish) real estate and vehicles.

The Western governments have horribly failed of caring for their people - cost of living are exploding, and at the moment way too many people are papering over that with unsecured credits backed by their data being free to exploit, and everyone else not willing of doing that is increasingly locked out of existence.