could happen..but just the fact that a person takes a loan for a kid's prom - is a statement of financial irresponsibility ( of some degree). No money - inexpensive celebration at home, period. It can't be more then $200-300, most people don't need a loan for this. anything can happen.... most reasonable people understand that even if they lose all their money, but are still young and educated - they rebuild. And , after all, it's just money - there are more important things in life. It's a matter of placing values on what's real.

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Happy New Year to all! Virtual hugs!