distressed home owner is going to be saving money, seems like everyone is making out pretty good .................
Maybe in the short term- but next time they try to buy something on credit- they rates will be much higher, imo.
My credit has let me get 0% interest on vehicles, 5% on a house. Those that do not make their mortgage payments, car payments or other credit obligations will suffer more in the long run as they try to repair the financial damage, imo.
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