Quote:
Originally Posted by NetHorse
That is such ridiculous advice to give out..  The debt might be uncollectible after a certain period, (if they don't sue you) but it stays on your credit report as derogatory for 7 years.
I'm assuming you guys just don't plan on being homeowners or having a decent car with reasonable interest rates for the next 7 years? Incredibly irresponsible and just stupid to intentionally do that without exhausting other options. |
I was stating the facts based on "what do you do if you need medical attention and have no insurance & no money". You go to the ER. That's solid advice. The other option is to treat yourself or go untreated. I suppose you could always ask someone for a personal loan, but if the attention you need is life-threatening, you probably won't have time.
As for the rest, I was simply pointing out what the normal progression of unpaid, unsecured debt follows if you do nothing to resolve it. It wasn't advice, it's just reality.
Finally, what things you assume is your business. I'm not really interested in your assumptions.