Ummm, very different. The tens of millions of Americans dodging collection agencies have bad credit and are denied future purchases. Their houses are foreclosed on. Cars are repossessed. And most importantly it’s difficult for these tens of millions of Americans to shout out to the world, “Hey look at me! Look how great I am with money! You should totally put me in charge of the largest economy in the world” and have ANYONE believe it.
All I said was that it was not the normal way. I’m not paying judgement either way.