<p>tenisghs:</p>
<p>There’s a simple solution for people who have the viewpont you and some others have - If people don’t want to deal with (the evil in your characterization) banks, then they simply shouldn’t deal with them. No one’s forcing people to go seek out a particular bank, actively request that the bank take a risk on them and loan them money and go so far as to sign a contract with them promising to pay it back (but feel justified in not doing so because of personal circumstances).</p>
<p>It’s very simple - don’t seek out a loan, don’t sign the loan contract, don’t cosign, and you won’t have to deal with any of this. But if you DO decide to deal with the bank, ASK them to give you a loan in good faith, and SIGN a contract to that effect, then do the right thing and pay it back as you promised.</p>