[gnaritas]

If 7 years is less than it'd take to pay back the loan without being broke the entire time, default is a viable option.

> It seems to be implied that life with bad credit isn't so bad(and it isn't), but we live in a material world.

Not everyone is material.

> People want to buy shit, often-times shit that's more expensive then they can currently afford, it's why loans exist.

Many don't, many like to live within their means and shun such material excess or attempts to keep up with the Jone's. Many laugh at the ignorance of wasting money on shiny rocks and expensive habits and life events. You presume too much about other people.

[ZoF]

> You presume too much about other people.

Really, do I?

I hope I never take a loan in my life, doesn't mean I can't comprehend that the vast majority of Americans with an income greater than 50K a year rely on loans for their cars/housing.

A bad credit score also affects future jobs/utilities/cellphone/etc...

>If 7 years is less than it'd take to pay back the loan without being broke the entire time, default is a viable option.

Explain this logic please.

>Not everyone is material.

Ok

>Many don't, many like to live within their means and shun such material excess or attempts to keep up with the Jone's. Many laugh at the ignorance of wasting money on shiny rocks and expensive habits and life events.

Read:Not everyone's material

[gnaritas]

> Explain this logic please.

Pain of bad credit vs pain of paying back loan, choose lesser pain. Debt can and should be walked away from when that's the better option than paying it back.

[ZoF]

But she still has to pay it back in the end, so why would the 7 year payment plan matter?

[gnaritas]

I'm clearly talking about defaulting on loans in general; default generally means you don't pay it back. If this isn't such a case then obviously it doesn't apply.