Quote:
Originally Posted by uncle phil
so, if i default on a loan, strategically or otherwise, who covers the loss? the lending facility? looks to me like john q. consumer ultimately pays the price in the end, whether through higher interest rates, government bailouts, or higher mortgage insurance premiums...
unethical, to my mind...
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Concur.
I'm with others who stated I agreed to repay money I borrowed. End of story. If that makes my life less fun or I have to work harder to do so, as long as I can do so I will. That includes eating rice and beans and living like a broke ass college students until times get better.