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The lenders know the risk and our currency is debt based and meaningless. Makes me curious why more people don't build good credit and buy things that can be sold for cash like jewelry and gold/silver?

The lenders know the risk and our currency is debt based and meaningless. Makes me curious why more people don't build good credit and buy things that can be sold for cash like jewelry and gold/silver?

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[–] • 1 pt

The biggest thing wrong with it is your children / heirs will be hounded and hounded to pay off your debt. So if you can educate them and set it up where they are not liable, then go for it!

[–] • 0 pt

Your children are not bound by your debts your estate is

[–] • 0 pt

I've read many stories about debt collectors calling on the day of or soon after the funeral insisting your kids/etc need to settle up!