I mean what’s the big problem. Declare bankruptcy already....
Who is stupid enough to borrow or put 20K into Mary Kay pyramid scheme, much less 40K
Here’s my question: if both remain citizens of Ghana, what’s to prevent them from getting a job with some UN agency back home, and simply bailing on the whole mess? I’m guessing it would be more difficult to collect an American debt in a third world country, and FICO scores might not mean as much over there.
No, they didn’t manage their money. No, not every American owes something. No, it doesn’t happen to everybody. Those with three figure salaries have no excuse and should be smart enough not to go with those type loans. But, hey, they are smarter than I am to live rent/mortgage free for 6 years which will somehow be billed to the rest of us. Most definitely we’ll be footing their bill when they do declare bankruptcy.