I can certainly see that happening in the imperium. Some goats may not allow travel restrictions and I can see it being that much harder to get credit.
Sent from my Verizon Wireless 4G LTE Smartphone
-------- Original message --------
From: Kurt Feltenberger
Date:11/26/2014 2:49 PM (GMT-05:00)
To: tml@simplelists.com
Subject: [TML] Credit, Debt, and Travel Restrictions
I received a credit card offer in the mail the other day and it got me
to thinking about credit and debt in the 3I and how that might lead to
travel restrictions in the way of a lien (for lack of a better term)
placed against the borrower's passport. If an individual had a large
amount of debt to a local bank, how would that bank be guaranteed that
the borrower would repay it and not skip?
The only answer I can think of is that there would be travel
restrictions as part of the lending agreement. Once the debt dropped to
a certain level, the restrictions would be lifted. Naturally, this would
be for unsecured debt; debt secured with real property would not subject
the borrower to such restrictions due to the forfeiture of the property
if the debt wasn't paid.
Thoughts?
--
Kurt Feltenberger
kurt@thepaw.org/kfeltenberger@yahoo.com
“Before today, I was scared to live, after today, I'm scared I'm not
living enough." - Me
-----
The Traveller Mailing List
Archives at http://archives.simplelists.com/tml
Report problems to listmom@travellercentral.com
To unsubscribe from this list please goto
http://www.simplelists.com/confirm.php?u=u04IjhfiZ2F5ML3fPcArPqGjYhQS2p72