Not jealous because I wouldn't be in that situation to start with! I have a mortgage and a student loan - that's it.
I think it's sad when people do that, and then when they brag about it, but I guess they have nothing better in their lives.
I do think reform is needed - instead of declaring bankruptcy and getting off free, you should be required to pay back the principle but all further interest would be gone (ie, you would be readjusted to a 0% loan) AND you would not be allowed to get any credit for 3 years - no car, no house, no CC, nothing. Plus, you'd have to go to at least 4 weeks of credit classes (paid for by you).
Ah well....people love to milk the system so the system won't change.
I think it's sad when people do that, and then when they brag about it, but I guess they have nothing better in their lives.
I do think reform is needed - instead of declaring bankruptcy and getting off free, you should be required to pay back the principle but all further interest would be gone (ie, you would be readjusted to a 0% loan) AND you would not be allowed to get any credit for 3 years - no car, no house, no CC, nothing. Plus, you'd have to go to at least 4 weeks of credit classes (paid for by you).
Ah well....people love to milk the system so the system won't change.
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