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Old 03-26-2007, 03:12 PM
mks57 mks57 is offline
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Join Date: Dec 2003
Location: Seabrook, Maryland
Posts: 3,045
I think it was true in the old days, before modern pension and labor laws.

I've also read about consumer loans where missing a single payment resulted in the creditor repossessing the item the loan was made for, and keeping all of the previous payments.