RE: Bill Payers threatening to not pay full bills from Oct2210 Aug 2022 13:10
Bad Credit ratings can mean no more loans from banks, no more credit card, no more non-prepay bills, etc... Okay if one has no mortgage and doesn't mind paying up front for everything !! Agree that loans can be source of poverty unless for business where cost of loan is less than returns from what it is used for. Re Nationalisation: Govts have a very bad track record of running businesses as their financial control is sloppy, public service unions take undue advantage, they lack and usually cannot attract the right expertise. Sri Lanka and ****stan are two great current examples where Govts have meddled in their country's utilities and bankrupted their country.