The health care crisis and foreclosure
Benjamin McNELLEY said he loathed the idea of walking away from the mortgage on his four-bedroom, two-bath house in Fauquier County, Va.
The former prison guard said he worried about what the decision might mean for his credit rating and whether he might still be on the hook for any outstanding debt.
But when both his father and his stepfather fell ill last summer in South Carolina, McNelley said, he had no choice but to quit his job and move.
Medical costs have been a major factor in bankruptcy for years. Had MBNA pushed for healthcare reform instead of the usury bill, everyone, including the credit industry, would be much better off. There are no winners in class warfare.