Why don't people pay their debts?

Answer 1

The majority don't pay because they can't. Many people have poor money management skills. Others unexpectedly lose their source of income. Still others run into a person situation that incurs massive expenses, like a surgery that isn't covered by insurance, elder care for parents, funeral expenses, etc. Very few people (perhaps 1 or 2 percent) open credit accounts without the intention of paying them back.