“Why jeapordize your house when you can keep up the payments on it while letting the CC’s go hanging?”
You’re a crook!!!
Oh bullshit. I pay mine, what little outstanding I have, on time.
But when you come up short and have to make the decision between your plastic or your home, you make sure you keep that reply in mind!
To elaborate on that some...
The FED, the Banks, and Institutional investment houses created an environment which drove housing catastrophically high and completely dislocated credit and money under a system that remains patently unconstitutional.
The FED was SPECIFICALLY formed by private banks under the promise that what is occuring right now WOULD NEVER HAPPEN. We got sold a bill of goods by these crooks to create the system, one which I might add enables the ONLY means by which vast enough quantities of debt based “money” can be created to allow politicians to create social welfare systems to insure their perpetual re-election.
Under this crooked facade of a system I don’t begrudge ANY working individual who bought a home for their living quarters at grossly inflated prices and which has susequently lost say, 50+% of its value, just giving the keys back to the bank and walking away from it.
You’re under NO obligation to sequester yourself in perpetual debt servitude while the people and institutions that created this monstrosity loot your hard earned-to-pay- taxes at a rate akin to a firehose wide open.
You can NOT judge someone walking away from financial servitude during this disaster as “immoral” (and we’re NOT talking about the speculators here, screw them, risk was in the mix). The average working people have held up their end of the bargain at levels ABOVE AND BEYOND THE CALL over the decades and it’s time they say “**** THIS NOISE!”
I agree. Scamming the system is immoral and unethical.
If they can’t afford the credit card debt, they shouldn’t have them.