I cannot believe there is anyone, anywhere who has not been told read any contract you sign? I did this many years ago and Wow!
Then I understood what I was up for. You can certainly talk to the bank but basically they have heard it all before and there are only two ways to go. The hard way and the even harder way.
People have responsibility put upon then whether they like it or not and banking is slowly reformed by the law and bent by the banks.
Barry Humphries's Mother got it right " The banks lend you money like an umbrella for a rainy day and when it starts raining they take it back".

It could be difficult to have a bank agree to make their loan completely non-transferable, but it may be possible to limit in advance the number and nature of entities to which the loan can be transferred. Commercial debt-collector firms, for example, are a reasonable choice, whereas political parties and other crime syndicates, are not.

Easy solution: don't borrow. If you can't afford to pay up front, don't even think about buying whatever you think you want.

Easy solution: don't borrow. If you can't afford to pay up front, don't even think about buying whatever you think you want.

This kind of comment strikes me as being made my someone who lacks experience at the business of living life.

There are many reasons people borrow money. Many people borrow money to try to get ahead in life.

When I buy shares in a company and it goes broke and I loose the lot I get told "ah well, that's the risk you take when you buy shares, too bad."

Why then, do these same people, and the law, not take the line and say to a lender when a borrower looses their job and can no longer make payments "ah well, that's the risk you take when you lend money, too bad." After all, nobody forced the lender to lend the money did they? The lender knew the risks and they were taking.

I suppose I was brought up in a different era when debt was frowned upon. There is good debt and bad debt. Debt for production is good, but for pure consumption should be avoided. The whole world is floating on a sea of debt, most of which will never be repaid and is the reason why we are in such a parlous situation. I watch with dismay as (particularly Young) people buy new cars on a small deposit down, drive out of the showroom and immediately lose thousands of of dollars in depreciation and continue to pay extortionate repayments for several years. No one one wants to save these days. It's very much an "I see, I want, I must have" society and we are mortgaging our future in every sense of the word. Do they actually teach basic economics at school these days ?

Referendumandtherestofit,

I've had 73 years of living experience, so what's your fall back position? I repeat, if you don't have the money, don't buy it. Apart for a mortgage, there is no sensible reason to borrow money. Most people who don't have enough money are poor managers. It's not how much you have or earn, it's what you do with with what you have. We are in the grip of consumerism and immediate gratification, plus the idea that we are all entitled to what wealthy people have, even if we haven't earned the right, or had it left to us by people who did earn the wealth. The sense of entitlement and 'equity' seems to have been bred into the last couple of generations. The unrealism of modern beliefs is not the fault of big business, banks or politicians - it's all down to the pumped up, unrealistic expectations and greed of individuals.