Timeline for Why would an immortal make good on his loan?
Current License: CC BY-SA 4.0
13 events
| when toggle format | what | by | license | comment | |
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| Jul 25, 2018 at 6:42 | comment | added | Martin Bonner supports Monica | @G0BLiN The customer has no particular incentive to pay off the principal of the loan - but they have an incentive to pay off the interest (otherwise they get sued/the security gets taken). People will pay money for a secure stream of income. | |
| Jul 24, 2018 at 18:54 | comment | added | G0BLiN | @MartinBonner makes sense, but if the customer didn't have any incentive to pay the loan while the bank existed - what changed when his debt changed owners? | |
| Jul 24, 2018 at 12:43 | comment | added | Martin Bonner supports Monica | @G0BLiN : Er no. Even if the bank goes bankrupt, the customer still owes the debt, and it is an asset of the bank. Somebody will buy that asset, and the customer will have to pay them the interest charges. | |
| Jul 23, 2018 at 22:30 | comment | added | jpmc26 | Honestly, this answer is a frame challenge. It explains why the loan system would just plain collapse under this rule. The last sentence trying to shoe-horn the system into working really hurts it; you'd be far better off just saying it's not possible. | |
| Jul 23, 2018 at 13:55 | comment | added | Aubreal | You're basically explaining what a credit score is... | |
| S Jul 23, 2018 at 13:14 | history | suggested | WendyG | CC BY-SA 4.0 |
corrected a single word
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| Jul 23, 2018 at 13:13 | review | Suggested edits | |||
| S Jul 23, 2018 at 13:14 | |||||
| Jul 22, 2018 at 19:36 | comment | added | L.Dutch♦ | @G0BLiN, explained better in the answer | |
| Jul 22, 2018 at 19:36 | history | edited | L.Dutch♦ | CC BY-SA 4.0 |
added 170 characters in body
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| Jul 22, 2018 at 19:32 | comment | added | G0BLiN | So when a bank goes bankrupt because too many defaulted on their debts payments, all those who didn't pay somehow get "blacklisted"? - That makes more sense to me, maybe add that explicitly to the answer? | |
| Jul 22, 2018 at 19:28 | comment | added | L.Dutch♦ | @G0BLiN, do it the first time, and then spend the whole eternity waiting for another bank to give their money to charity/you | |
| Jul 22, 2018 at 19:26 | comment | added | G0BLiN | I'm confused: why does "Banks that always borrow money and never get it back [...] go bankrupt" means for the immortal "Therefore better pay your debts back to make more" - wouldn't it make more sense for him to not pay his debt and just wait for the bank to die out? This way he gets to keep his loaned money - so where's the problem? | |
| Jul 22, 2018 at 5:00 | history | answered | L.Dutch♦ | CC BY-SA 4.0 |