Quote Originally Posted by Cathy_for_you View Post
^^^ That is one thing that I should have done.

I'm scared kasi that if I suddenly die, I do not want my parents to be burdened with the responsibility of paying off whatever debt that I have. I guess I'd just have to increase my insurance when I do get a job to cover for whatever loans that I will get in the future.
this is not true...when you die, the creditors would go after your estate...anything not covered by your estate dies with you.

even in some housing loans, the amortizations just go with you six feet under. just try to look for this term. the house and lot, forms part of your estate when you die but the lending institution doesn't have to take this back coz death automatically makes the prop a part of your estate.