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.
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.
Health care is not that expensive. It just isn’t. Especially when the health care provider knows you don’t have insurance. I’ve experienced it many a time.
I can afford to pay for my own broken pipes, electrical problems and mechanical failures of my cars and tractor. I can afford to pay for the same regarding my wifes and my bodies.
And you said: “Yeah I know. It will never happen to you. It only happens to other people. Must be nice.”
Statistically speaking, you are absolutely correct.