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 French Drivers Renting Out Their Driving History Online (July 12, 2007)Source: Techdirt (http://www.techdirt.com/) | A few months ago we discussed the practice of renting out one's credit score to people having trouble getting a loan. There didn't seem to be much justification for the scheme, as it's pretty clearly just a way to game the system. A similar practice is taking place in France, except instead of credit scores, people are renting out their good driving records. Basically, the way it works is that if someone commits a traffic violation that accrues points onto their license, they can pay someone else to take the fall. For the elderly, who have more use for cash than a clean driving record, the system works out pretty well. Of course, it doesn't do much to further the purpose of driving laws, which are there to keep bad drivers off the road. In most cases, letting the market find an optimal price for any good (in this case, a clean driving record) would be ideal. But for the safety of French drivers, it would probably be best if this loophole were closed. |
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