Stealing?!

Buying on credit

Someone walks into a shop and picks up a few things and tells the clerk to put it on account.  Time passes and he does the same thing with an even larger amount.   In a business, the fact that people pick up things and instruct the clerk that they are going to pay later is common practice and called buying on credit.  People make these kind of purchases everyday and it has gotten to the point where paying on credit is the only way.  As life moves forward goods and services become more expensive and peoples wages are either idle or slow to catch up and this is the reason for credit purchases.
When a person keeps making purchases without paying it is considered stealing.  Refusing to pay would not be a good thing and  any and all courtesies are rescinded.  In the same fashion when a country states their refusal or inability to pay, they are then placed on a list that bars them from any further dealings until most outstanding monies are repaid.  Citizens revolt because prices for goods and services increase.  When countries make big purchases they have to have the credit otherwise things cost more.  Both people and countries have to realize that buying on credit does not mean "FREE".  When credit is used to make a purchase,  those doing the buying must make sure that they have the funds to make the payments to the credit companies (banks).  When there is a shortage of funds the screws of the collector are set into motion.  Consumers making purchases on credit and at some point either refuse to pay or are unable to pay are subject to the "screw" of repossession of the goods bought.

Collectors

No Worries everything is fine!

The problem begins when people purchase more  than they can afford and pay little or no money back to the creditor.  If many people do this to the banks, then they are sent to collections and are marked in default their credit rating is lowered are considered to be delinquents (buying without paying or not wanting to pay).  When the person that does not pay to the credit card company their credit rating gets lowered and then they have difficulty making any further purchases or paying other major bills and life becomes depressing.
Now on a broader scale countries do the same thing when they fade with each other.  When the world is on a good cycle countries trade and their imports equal their exports there is a balance in the economy.  There are situations when countries buy more than the sell this will lead the countries doing the importing to have cover the debt with exports.  There are countries that cannot cover the difference between imports and exports (purchases versus sales).  Today the people that live in all the countries of the world are more interested in luxury and comfort.  Most people are connected through the internet and are able to see and know what is going on and what is available.   The internet makes people want  whatever their neighbors have.  The fact that the neighbor has something does not mean that if you have it also, you could afford to pay for it.  
The countries are lead into deficit when their exports are smaller than their imports.  This means they are spending more than they are making.  Many time countries ask for extensions either to pay back or to make more purchases.

BUY ON CREDIT......
DO NOT BE A CROOK.....
Make sure you have the money for the payments to the creditor!