Detailed text transcripts for TV channel - FOXNEWS - 20120724:15:47:00
Jenna: because it is there. >> that doesn't mean you necessarily should take it. jenna: on the screen we have many so reasons you have given us. you could lose bankruptcy protection. there could be penalties and fines associated wit it. if someone does this what are they facing? >> put it in simple math. if you have $15,000 loan and you default on the loan which can be easy if you're employed and become unemployed you lose $5,000 in penalties and fees. jenna: 20,000 you put together, 15,000 you borrowed. >> 5,000 in penalties you net 10. that is simple way to think about it. jenna: when you sa...