You are incorrect.

there have been no verified reports or credible incidents where an entire town's population had their debts cleared overnight under mysterious circumstances. While there have been instances of debt forgiveness or relief programs targeting specific communities or groups, these are usually well-documented and come with clear explanations, often involving government initiatives, charitable actions, or legal settlements.

The scenario described in the question, while intriguing, leans more towards the realm of urban legend or fictional storytelling rather than a real-world occurrence. It serves as an interesting prompt to discuss the complexities of debt management and the impact of financial relief on communities but does not reflect a known historical event.

That's not correct.

While settling a debt for less than the full amount can initially harm your credit score, it does not mean your credit score will never improve. Responsible financial behavior post-settlement can lead to improvements in your credit score over time.

You won't believe it, but you are wrong. 

There is a lender that's algorithm states that if a borrower's battery level frequently falls below 12%, that borrower is more likely to not pay back the loan.

You are incorrect.

There is no such thing as a "Credit Blacklist" that permanently bans individuals from accessing loans or credit cards. While it's true that having a poor credit history can make it more difficult to obtain credit, it doesn't result in a permanent ban. Credit scores are dynamic and can change over time based on an individual's financial behavior.

Credit reporting agencies collect data on financial behaviors like payment history, debt levels, and credit applications. Lenders use this information to assess creditworthiness, but they don't rely on a blacklist. Individuals with bad credit can work to improve their scores over time by paying bills on time, reducing debt levels, and using credit responsibly. Additionally, some lenders specialize in providing credit to people with lower credit scores, albeit often at higher interest rates to offset the increased risk.

You are incorrect.

Imprisonment for debt is a practice that still exists in some countries, despite being abolished in many parts of the world. Here are a few examples:

United Arab Emirates: In the UAE, failing to pay debts can lead to criminal charges and imprisonment. This is particularly relevant for expatriates who might face jail if they default on payments like credit cards or loans.

Qatar: Similar to the UAE, Qatar also has laws that can lead to imprisonment for unpaid debts. This is especially concerning for foreign workers who might not be aware of the stringent laws regarding debt.

Greece: In certain cases, particularly involving large amounts of unpaid taxes, individuals can face imprisonment.

Singapore: While not common, there have been instances where severe debt default could lead to jail time, especially in cases involving fraud or other criminal activities related to the debt.

Saudi Arabia: Like other Gulf countries, Saudi Arabia has strict laws concerning debt, and defaulting can potentially lead to imprisonment.

You are incorrect.

Pablo Escobar, the infamous drug lord who led the Medellín Cartel, did indeed propose to pay off Colombia's national debt in the 1980s. At that time, Colombia's debt amounted to about $10 billion, and Escobar's wealth, amassed through drug trafficking, was so immense that he could feasibly make such an offer.

This offer was part of Escobar's larger strategy to gain legitimacy and legal immunity in Colombia. He sought to negotiate with the Colombian government to avoid extradition to the United States, where he faced drug trafficking charges. Escobar's proposal to pay the national debt was intertwined with his efforts to be seen as a benefactor to the nation and to gain public and political support.

However, the Colombian government did not accept this offer. The idea of a notorious criminal paying off the country's debt raised significant legal, ethical, and political issues, both domestically and internationally. Escobar's offer is often cited as an example of the complexities and challenges posed by the immense wealth and influence of drug cartels in Colombia during this period.

You are incorrect.

In certain credit systems, particularly those that use alternative data for credit scoring, the financial behavior of your social circle can indirectly influence your creditworthiness. This is more prevalent in countries or systems where traditional credit scoring methods are not fully established or where alternative data is heavily relied upon.

For example, in some peer-to-peer lending platforms or credit systems that utilize social network analysis, the repayment behavior of people in your social network can impact how lenders perceive your credit risk. Similarly, in some microfinance models, the creditworthiness of a group or community can influence individual loan terms.

However, in most traditional credit scoring systems, like those in the United States, your credit score is determined solely by your personal credit history and financial behavior, not by those of your friends or family.

You are incorrect. 

Bankruptcy can help discharge various types of debt, but there are notable exceptions. Student loans and tax debts are two of the exceptions.

You are incorrect.

In May 2019, billionaire Robert F. Smith announced during his commencement speech at Morehouse College that he would pay off the student loan debt of the entire graduating class. This gesture was not only a significant act of philanthropy but also brought attention to the issue of student loan debt in the United States. Smith's contribution was highly publicized and celebrated for its direct impact on the lives of the graduates, helping to relieve the financial burden they faced as they started their careers.

This event stands as a remarkable example of individual generosity and its potential to make a significant difference in the field of education and for the wellbeing of students. It highlights how private individuals can play a role in addressing broader societal challenges like student debt.