The worldwide web seems to suit the needs and attitudes of its creators on an economic as well as on a cultural level. Thus, every debate about developmental potential will have to take care of this reality. In fact, a new market is developing in which people who have just filed for bankruptcy are eligible for non-secured credit cards only three months after filing chapter 11. Therefore, the capability to order via the Internet is readily available to US consumers. The majority of Latin Americans do not have credit cards and those who do are cautious in their use.
Credit bureaus are highly efficient.
New ways of turning bad debt into performing debt are constantly being developed. In most countries, there are no credit bureaus. This also leads to credibility issues that damage the accuracy of the credit scoring system in the region. The credit card system favors consumers and retailers. Customers can cancel a charge if a product is faulty, but the retailer is not left holding the bag.