I Healthy: ( Status : current)
You have no illness ; you are updated in debt repayment
II. Health deteriorates: ( Status : substandard)
You may suffer some fever, coughing or other symptoms;
Your debt repayment is delayed.
III. Bed Ridden ( Status : Doubtful)
You have stage IV whatever ; Your debt is already past due
IV. Gone ( Status : Loss)
You have joined your creator or tormentor;
Your debt is written-off
When you are not feeling well, you take medicines and go to the doctor.
similarly, when you can no longer afford to pay, you ask for RESTRUCTURING.
The doctor/account officer will try to nurture you back to your good health.
But as you can see, banks will merely refer you to their collectors.
have you ever wondered why?
simple: they are no longer interested in collecting from you.
Collectors then will feast on your "remains" like vultures
and offer you such outrageous, fictitious and scandalous "amnesty programs".
It's like a pauper who dies and his organs are sold for monetary gains.
outrageous and scandalous, but true.