I'm wondering what would or could happen if someone has some debt, then the economy tanks. For example, I'm sure folks in Greece have mortgages and their financial system is in the toilet. Are their payments still due and payable? How do they make their payments? What happens to credit card debt, car payments, etc...
What if something similar (or worse) happens here. What if it's worse than what's going on in Greece?
I understand that we can speculate and no one may know for sure, but it's a discussion I'm interested in.
Thoughts?
What if something similar (or worse) happens here. What if it's worse than what's going on in Greece?
I understand that we can speculate and no one may know for sure, but it's a discussion I'm interested in.
Thoughts?