I agree, and am very glad to hear your sister did not lose her house! Im not sure if there are any stats or not. It would be hard to track or even quantify from a "success rate" standpoint. If they dont pay it back, but have a home/car/clothes/job .... is that a failure or success in this circumstance? I do see your point. People would be behind on retirement savings, thus forcing them to delay retirement or maybe not be able to retire at all. When you have tens of thousands doing this in the same city, one can only imagine what negative affects it will have long term on the work force. On the flip side... you cant have a work force at all unless those workers have homes to live in and clothes on their back.