Quote:
Originally Posted by Bend it like Bourgeois
It’s not fata-ing anyone. I say it as someone with spotless credit who takes obligations seriously and owns a business. I pay my bills.
There are risks entering into a contract with an octogenarian. Risks get priced. Who was in a better position to understand that - the lender or the 87 year old. No one made the lender sign up. Somewhere in their math, it allows for some of these deals to go sideways. You can bet they did not feel guilty charging a premium and will use any in every tool at their disposal. No one else should feel bad for doing the same.
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It sounds like you only take your obligations seriously until you reach a certain age. Do they lose their seriousness as you age?
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