Find answers to why You Need to Stop Paying Bad Loans and Take Money Out of the Big Banks! Fight Usury and the big banks' greed. Walk away or settle for a fraction of what you owe. You can negotiate yourself. But get everything in WRITING. I am not an investment counselor or an attorney. Banks can sue you but it is likely they won't. But check with the laws of your state before walking away from credit card debt. You may get sued if you walk away from a recourse loan.
Megan McArdle is the economics editor for the Atlantic. She believes it is immoral to walk away from scum loans. It is too bad that she doesn't understand that the loan attack and greed and usury came from above, not from the guy walking away. Megan, get a life! See also:
Goldman Sachs Is Committing Treason