What happens to loans when lenders go out of business?
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rights to collect payments are usually sold afaik
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I almost feel a little bad, but this is precisely the reason I decided to take the plunge and upgrade one of our vehicles. (prices and/or interest rates likely to increase in near-term).
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As a homeowner I've been waiting for inflation! But as someone saving for my kids' college...
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If they're young enough, that system will probably also blow up before it becomes an issue.
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go short!
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