What happens to mortgages, student loans, and credit card debt?

Feb

What happens to mortgages, student loans, and credit card debt?

Archived in the category: mortgages

If the dollar completely collapses, what will happen to mortgages, student loans, and credit card debts? Will people still be required to pay the loans back?

You won’t have to pay for the debt because 1. everything will be in chaos 2. There won’t be anyone working to collect it, everyone will be unemployed. 3. By that time, maybe some states will declare independence.

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Posted by: admin - 8 Comments

8 comments for “What happens to mortgages, student loans, and credit card debt?”

gre6mcc

yes you debt will be sold to another bank and they will look for it
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February 26th, 2010 at 11:06 pm

B.R.NAGARAJA B

No. repayment will be rescheduled.
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February 26th, 2010 at 11:28 pm

Dave87gn

YES
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February 26th, 2010 at 11:37 pm

YoHo Calico

China, the owner of a lot of our debt, may well be coming to our shores to claim what is theirs. Hope your house is not on their list. They can’t have my houseboat. It’s paid for.
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February 27th, 2010 at 12:23 am

Wicked Wanda

The only people who don’t have to pay off their loans, mortgages and credit cards are the ones who can actually afford to pay them off.
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February 27th, 2010 at 12:45 am

SoGlamorous2435

Well how can you pay back something you can not afford mmm thats why you can defer your loans with sally mae if you can’t pay broke college kid needs to pay off sally mae loans (YEAH for deferring loans) lol.
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February 27th, 2010 at 1:06 am

Arwen

You’ll be paying in ameros or yuan (Chinese currency), but you WILL be paying.
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February 27th, 2010 at 1:22 am

nsb8685

You won’t have to pay for the debt because 1. everything will be in chaos 2. There won’t be anyone working to collect it, everyone will be unemployed. 3. By that time, maybe some states will declare independence.
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February 27th, 2010 at 1:45 am

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