[il]

Most people on HN exist in a very different world from the unbanked population. Credit scores mean nothing to these people. Many can't even get approved for a checking account and rely primarily on cash equivalents and prepaid products.

[encoderer]

The median credit score is over 700. The people you're talking about are certainly toward the left edge of the bell curve.

[jisaacks]

Then wouldn't these individuals not even care to pay f their debt at .10 to the 1.00?

[Broken_Hippo]

Sometimes getting rid of the debt means that you can begin to restart. Of course, it won't help you afford a non-free checking account nor pay bills, but it can lead to marginally better jobs and nicer housing for the price. Sometimes that price is worth it because it brings a bit more piece of mind - no more phone calls and letters. A good number of unbanked aren't even as poor as you might expect - things have happened and they can't get to a point to restart.

And some people, no. No they wouldn't care. Like most people, it depends on life situation.