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I have not experienced it, either. I heard that some people never paid their debts when the lenders died.I have never found myself in such a situation and hopefully I won't because I don't borrow. Then again I would still pay my debt because my conscience won't let me.
Yes it's pretty common, a lot of them do not pay back. Most of them assume once they person who they had business with dies, they are completely free and do not have to pay their debt.I have not experienced it, either. I heard that some people never paid their debts when the lenders died.