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Pfffft. No way.
Well, I guess it depends on the country, the type of debt and the likelihood of you getting murdered by the people you owe money to.
Some scenarios:
You owe a large, legitimate debt to a Canadian Bank... pay it off!
At some point, the United States will probably annex Canada and then they will know of your poor financial practices.
You owe a small, illegitimate debt to some Taiwanese dirt farmers... don't pay it off.
Well, you should if you can afford to. Unless you're some kind of bad guy.
You owe a large, illegitimate debt to some South American coke lords... pay it off.
Seriously.
Hope this helps!
-Lunaetic
What else can I help you with?
What should you do if a lawyer sues you for a discover card debt?
Pay the debt!
What is a sentence with the word debt in it?
You should always pay your Debts. Japan is in great Debt.
What should be included in a demand letter to pay debt?
A demand letter to pay debt should include the amount owed, details of the debt, payment deadline, consequences of non-payment, and a request for payment.
Are you still obligated to pay a debt after seven years?
If you are able to pay them then you should.
Wealthiest families should pay national debt?
no
What are the release dates for The Debt That All Men Pay - 2013?
The Debt That All Men Pay - 2013 was released on: USA: 26 October 2013 (Fort Lauderdale International Film Festival)
You received a summons from clerk of court giving 20 days to respond on a past credit debt what should you do?
Write a response as to why you haven't paid the debt, or why you should not have to pay the debt.
Can you use your Stafford student loan to pay off debt?
No, you cannot use a Stafford student loan to pay off personal debt. The only debt that should be paid off with an educational Stafford loan is your college debt.
What steps should you take to become debt free?
You can start by setting a budget and then using the snowball debt payment plan to pay off your debt.
Should you pay off your debt before you refinance?
du yeah who asks that
Why should the size of the national debt be a concern to all Americans?
Because we pay for it
How can I use a debt ratio calculator to estimate my finances and investments?
A debt ratio calculator is a great tool to use to figure out how much you should save and how much you should invest. If you have a lot of debt, you should pay that off first.
