On the ethics front: let's say I owe money to a credit card company. They sell it off to EZ-Sleez, the debt collection company. What do I owe to them? I certainly didn't borrow money from them. We have no particular relationship. They have one with the credit card company, but that's none of my business, from an ethics standpoint. The idea of selling debt itself feels very unethical to me, and I'd like to see that justified before we talk about what we may or may not owe people.
Right — this “optional” description really only means anything after the borrower has nuked their credit for many years.
You must be appaled by the existence of the global bonds market then.
And yes, it is a coerced choice. It's difficult to live in modern American society without a credit card, or a credit score which is very difficult to keep high without a credit card.
As for not building a credit score, well, it sounds like you're not really interested in taking out loans in terms that others wish to offer them, so what good is a credit score? The people who care about credit scores are largely the same who will only do contracts with collections classes and be unwilling to adjust contracts. If you're working with a lender who is willing to change contracts like that they're probably also going to be fine evaluating your non-normal financial arrangements.