Why get out of debt if economic collapse is coming?
Question by Apollonia: Why get out of debt if economic collapse is coming?
I hear, “get out of debt!” However, if money value is 0, and nobody has a job, what would happen to our credit card, mortgage and automobile debt? Sorry if this is an ignorant question.We always pay our mortgage, auto, bills etc. Basically, I have an inheritance coming and it is about the same amount of money that we owe on our credit card. $ 4,000. Just teetering in mind if we should just pay it off, even though I see we could use it for other worth while supplies to prepare for hard times.
Best answer:
Answer by sissy
It’s a smart question.If I were you,I wouldn’t bother getting out of debt. Nothing can happen if you don’t pay.
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b/c there is a small chance that collapse will not come, and you will have to repay your debts.
Good question as this is going to be one bad time even more so as time goes on. Getting out of debt helps feed the people who have work, you know the ones that call and ask for their money back. Protest and get the country under control.