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Originally Posted by scout
The majority of bankruptcies happen after some sort of personal disaster such as job loss, major sickness etc. so it ain't as simple as " if you can't pay it back then don't borrow it....".
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Since you stated this, do you have a breakdown of percentages? I'm interested in what percentage is NOT related to job loss or major sickness (I don't consider a gambling or drug addiction an acceptable "major sickness").
Yes, I saw flstf's post about the 50%.
