Re: Can't pay? Just walk away.

On Thu, 07 Feb 2008 02:11:27 GMT, invalid@[EMAIL PROTECTED]
 (Beachcomber)
wrote:

>
>>Screwed up your mortgage? Made all the wrong choices? You lucky real 
>>estate investor, you STILL made the right choice! Thanks to recent 
>>federal Debt Relief Legislation, by just walking away from your 
>>overpriced speculative loser property and your lender, your credit can 
>>recover faster than you can say "Bankruptcy? What's that?"
>
>Personally I think its wrong that Americans allow  private companies
>(the credit re****ting agencies) keep secret  files on citizens that
>determine whether they are "credit worthy or not" and largely
>determine what they will pay in interest charges for credit cards,
>mortgages, etc.

BTW, I'd like to borrow your life's savings. I promise I'll pay it
back with 21.9% interest. As, as you say, it would be "wrong" for you
to check my credit and get any idea of how likely I will be to pay you
back. Will you loan me every penny you have? Pretty please? 

>What if you walked into a grocery store that charged high or low
>prices for the same item dependant upon the the race or gender of the
>person making the purchase? Nobody would put up with that...

Bad analogy.

There is no risk involved in selling groceries. Loaning someone
hundreds of thousands of dollars, however, has a very significant risk
associated with it. If you don't believe me, just loan me your life's
savings.