I mean. Yeah, I expect debtor's prisons to be a feature of the Trump admin soon. Not gonna talk anyone out of stiffing megacorp creditors here at the end of the world, but I would factor debt prison into my planning
If you took out a massive loan and moved to another country with no extradition treaty could they get it back? Assuming you moved it to a Swiss bank account or something.
I'd never. But there's gotta be a reason people don't do this right?
5 Comments
salacious_coaster@infosec.pub · 12 pts · 342d
I mean. Yeah, I expect debtor's prisons to be a feature of the Trump admin soon. Not gonna talk anyone out of stiffing megacorp creditors here at the end of the world, but I would factor debt prison into my planning
idkwhatimdoing@sh.itjust.works · 5 pts · 342d
I mean eventually they'll take the million dollars' worth of stuff you bought and a whole lot mkre
krunklom@lemmy.zip · 3 pts · 342d
If you took out a massive loan and moved to another country with no extradition treaty could they get it back? Assuming you moved it to a Swiss bank account or something.
I'd never. But there's gotta be a reason people don't do this right?
Godort@lemmy.ca · 8 pts · 342d
The reason is that they won't give you a massive loan without collateral showing that you have the means to pay it back.
CallMeAnAI@lemmy.world · 1 pts · 341d
Y'all really care about Fico too much. It's one, minor number, that's mostly used on the consumer side.