China reportedly made an app to show people if they’re standing near someone in debt — a new part of its intrusive ‘social credit’ policy

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A province in northern China developed an app to tell users whether they are within a 500-meter radius of someone in debt, state media said.

  • It’s called a “map of deadbeat debtors,” the China Daily state-run newspaper reported.
  • It hopes to get citizens to monitor the so-called debtors and report them to authorities if they seem “capable of paying their debts.”

It’s part of China’s invasive “social credit” system, designed to judge a person’s trustworthiness. People have already been punished by it.

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China’s social credit system has blocked people from taking 11 million flights and 4 million train trips

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The social credit system in China has blocked people from taking more than 11 million flights and 4 million train trips.

The social credit system is used to punish citizens for bad behavior with numerous blacklists preventing them from traveling, getting loans or jobs, or staying in hotels, and even by limiting internet access.

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Only 1 in 10 consumers in debt-settlement programs actually end up debt free

Only about one in 10 consumers participating in debt-settlement programs actually ends up debt-free in the promised period of time.

Debt settlement companies claim that they can significantly reduce someones debt for just pennies on the dollar.  And desperate debtors are looking for a quick fix to a problem that they have spent years creating.  They want the phone calls and letters to stop.  They want to get rid of the stress they are experiencing.

 

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Growing National Trend: Jailed for Debt in the 21st Century

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Prison for debtors – a trend that is growing in the U.S.

More than a hundred and fifty years ago, Americans were thrown into jail for not paying their debts, until the country did away with so-called debtors’ prisons in 1833. Today, similar punishments have returned for those in over their heads in debts.

 

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