Originally Posted by RadialGal

IB,

I am not defending someone for defaulting; dead opposite. I am saying if you take out a loan, then you need to pay that loan back. I did. I couldn't have defaulted if I tried, they'd have gone after my Parents and there is no way I'd stick them with the bill. Loans aren't guarantees, If I take out a mortgage (loan) on a house I plan on selling later as an investment; and when I go to sell the house it is worth half of what I paid for it; the bank doesn't say "oh, well, how could you have seen the housing crises coming, this loss isn't your fault; no need to pay us."