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With a normal loan, the borrower enters into the agreement with the intention of eventually paying back the loan. In this case, they do not, and are unlikely t
by ryporter 11y ago
With a normal loan, the borrower enters into the agreement with the intention of eventually paying back the loan. In this case, they do not, and are unlikely to react kindly when confronted with repayment after going through a divorce. I hope SwanLuv is massively discounting the anticipated debt in their calculations, because I think this debt will be even less valuable than the average debt sent to a collection agency.
- awl130 11y agoobv. your discount rate will reflect the higher default rate. one comp are student loans extended by trade schools; there is a massive amount of loans outstanding by students that either never graduate or never find a job in their trade. they too are unhappy but that is the nature of debt. this will show up on your credit report just like unpaid credit card debt, student loans or car loans