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by fleitz 4597 days ago
What if I told you that you don't need to borrow money to live a comfortable life?
2 comments

What if I told you that medical/accident/disaster expenses (even just counting deductables and co-pays when insured), are not "borrowed to live a comfortable life" but are treated by the credit system the same as unbridled credit spending?
I'd tell you that you live in country on par with North Korea in terms of respect for humanity.
Even the better - someone who has decided that he really doesn't need to ever borrow money has no worries about any credit ratings, so borrowing $20 000, 'defaulting' and paying $10 000 to cover the loan would be completely free legal money with no practical consequences.