b4freedom, everything you say about the system being unfair is true, but that still doesn't make it right for a person to borrow money and then decide not to repay it. That is theft, plain and simple. Whether you like the terms of the lender or not is irrelevant. You agreed to them when you borrowed the money (generic you - not you personally).
I totally agree that the lending industry needs to be revamped and much more tightly regulated, but the bottom line, for me, is that if you take out a loan, it is your legal responsibility to repay it to the best of your ability.
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Steve
* Despite the high cost of living, it remains very popular.
* Why should I pay for my daughter's education when she already knows everything?
* There are no shortcuts to anywhere worth going.
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