Racking up debts before you die

[d000hg]

Based on this thread, but not wanting to derail it... http://forums.contractoruk.com/accou...n-you-die.html


So if you know you are dying what's to stop you taking on massive debt - buying your family nice cars and clothes and going on an epic "see the world before you die" as a way to be nice to yourself and your loved ones - making sure the debt dies with you?

[GlenW]

Based on this thread, but not wanting to derail it... http://forums.contractoruk.com/accou...n-you-die.html


So if you know you are dying what's to stop you taking on massive debt - buying your family nice cars and clothes and going on an epic "see the world before you die" as a way to be nice to yourself and your loved ones - making sure the debt dies with you?

Seems like a plan to me, now I just need to get some terminal illness.

[barrydidit]

It would put Parky and June Witfield out of work if all pensioners thought "**** it, i'll just grab a Wonga loan to pay for me Co-op funeral"

[tractor]

.....

Based on this thread, but not wanting to derail it... http://forums.contractoruk.com/accou...n-you-die.html


So if you know you are dying what's to stop you taking on massive debt - buying your family nice cars and clothes and going on an epic "see the world before you die" as a way to be nice to yourself and your loved ones - making sure the debt dies with you?

I have often wondered this, I am glad I'm not the only one

[d000hg]

Seems like a plan to me, now I just need to get some terminal illness.

Well yes. And you need to find out early enough you have time to do something - but lots of people do end up in that position. My grandfather is 99 and finally going soft in the head for instance, but my father was told flat out "you're going to die" when he was still (relatively) well, and other than some unusual complications could have lived (relatively) normally for several months.

[VectraMan]

Seems like a plan to me, now I just need to get some terminal illness.

Don't worry. You'll get one sooner or later.

The problem is by the time you find out you're definitely going to die, you'll probably be too ill to really enjoy yourself. So better to rack up the debts whilst you're still healthy.

But yes, I probably would.

[Unix]

Based on this thread, but not wanting to derail it... http://forums.contractoruk.com/accou...n-you-die.html


So if you know you are dying what's to stop you taking on massive debt - buying your family nice cars and clothes and going on an epic "see the world before you die" as a way to be nice to yourself and your loved ones - making sure the debt dies with you?

You won't get into heaven.

[TheFaQQer]

It's part of the basic premise in Staying Alive by Matt Beaumont - given a few weeks to live, he goes to a loan shark and borrows money from them

[d000hg]

You won't get into heaven.

Who won't? I didn't say I planned to do it - I have life assurance - but can you? You would probably have to lie to get any loans/new credit-cards after diagnosis but would probably get away with it since I don't think your illness would be entered on a national database? But as for existing credit-cards, many of us could get £20k+ if we maxed them out. So I'm not sure if you even ARE breaking any laws in that case?

[vwdan]

I have often wondered this, I am glad I'm not the only one

Same - like a lot of people I've got a Credit Card that has slowly auto-increased its credit limit over the years and I'd certainly be tempted to max it out if I knew I was going to die.

Mind you, if you miraculously survive you may have some issues.