At that point why not just declare bankruptcy? If he was couch surfing then he had no assets to lose. Sure bankruptcy fucks your credit for a while but it’s better than having nothing and still having your wage garnished. That’s literally the situation that bankruptcy exists for. If you somehow get yourself in a truely irrecoverable amount of debt then it’s your get out of jail relatively free card.
Comment on [deleted]
WhyIAughta@lemmy.world 4 weeks agoCanonical_Warlock@lemmy.dbzer0.com 4 weeks ago
WhyIAughta@lemmy.world 4 weeks ago
[deleted]voracitude@lemmy.world 3 weeks ago
Also half of the loans were government Covid aid that he applied for even though he wasn’t eligible
Ahh, so he did a bunch of fraud. The reason the government was writing blank cheques was because people were dying in the millions and businesses were failing left and right. He’s lucky he’s not in prison.
I’m glad he’s doing better now, but I can’t help but think of the people who needed that money and might not have gotten it in time (or maybe at all) because of what he did. Does he ever think about that, do you know?
hash@slrpnk.net 4 weeks ago
If we all did this capitalism would collapse.
PunnyName@lemmy.world 4 weeks ago
Sounds like we should all do this.
Tja@programming.dev 3 weeks ago
“if we all stopped working and just did drugs and hookers the economy would collapse” is not that deep of a thought.
Ensign_Crab@lemmy.world 3 weeks ago
Yeah, but it being a desirable outcome is a bit novel.
mkwt@lemmy.world 4 weeks ago
Clearly not, because $country did all this shit, and capitalism did not collapse, somehow…this time.
Trainguyrom@reddthat.com 4 weeks ago
Its all part of the risk calculation that’s made by the loan companies that make these credit offers to those deemed to be high credit risk.
Who they really are trying to hook are people who live paycheck to paycheck and keep rotating a balance of old loan balances and newer loan balances because between origination fees, interest, late fees and any other BS fees they decide to tack on they can make absolute bank indefinitely off of folks who struggle with budgeting and are constantly one surprise away from taking on more debt. Alternatively its folks who think in terms of monthly payments and nothing else
DrDystopia@lemy.lol 4 weeks ago
Dang, why not.
lolrightythen@lemmy.world 4 weeks ago
Sometimes thats the attitude it takes