[cuban leaf]

It’s amazing how effective they are at getting our money

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An aquaintence n Seattle has not made a house payment in over five years now. She’s still stringing the bank along as they try to negotiate a new payment agreement on her mortgage. Eventually she’ll just move out. But in that time she has become completely debt free (except for the mortgage she’s basically written off in her own mind).

i.e. they are not that good at it, yet.

Also, my auto insurance does cover a fair amount of damage done by any uninsured driver. No health insurance necessary.

[AppyPappy]

The bank will get their money eventually. Not paying is not the same as “off the hook”. She still owes the money. Even worse, she’ll owe the IRS. Any debt that is forgiven is considered “income”.

Your car insurance will not pay if you get mugged or fall or have a heart attack or fall off a ladder or get hit crossing the street or cut yourself with a kitchen knife or get the flu or break a bone or...well, you get it.

Yeah I know. It will never happen to you. It only happens to other people. Must be nice.