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RE: The Doctor just said you're dying in one year | How will you spend it?

in #discussion5 years ago

Credit will live for me, that's the point! :D
Anyway I don't know how crypto invest from borrowing money will help your family, if you will have big debt in banks hmm..
Traveling the world is the main topic here and I think getting new experience is the most valuable things for humans :)

Thanks for sharing your story!

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I would make sure he credit dies with me and they aren’t stuck with any of the bill.

Good to know fact that you will handle this.

In Mexico if someone dies, the credit dies with them and there are insurance policies to make sure the bank doesn't lose here. I read somewhere that in the US some credits are inherited or passed on to the endoreser (not sure about the word here, that dude who co-signs with you whenever you are getting a big loan), is that true?

Ya, the banks do have insurance policies to protect themselves. You are correct though that if someone does co-sign on a loan, it is then their responsibility to take care of the loan. That is why I wouldn't have anyone co-sign on it.