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Video: Don't Fear the Repo Man


What happens to credit if everyone walks away from their debt?

More people than ever believe they can simply walk away from their secured debt for free. In other words, they'd rather have their car repossessed than make their payments. In small numbers, this kind of behavior isn't such a big deal.

But what if this is simply the tip of the iceberg? What if consumers in large numbers decide to walk away from their credit obligations?

Obviously, that would be terrible news for lenders and companies like Visa (V) and Mastercard (MA).

To learn more about why this could be THE story of the credit crisis, check out Kevin Depew's latest video.

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