Wait if you can avoid debt collectors for 7 years they just forget about you?? Like I could fuck off to another country where they can’t garner my money and come back and they can’t do shit about it?
Comment on Crypto genius
Mamertine@lemmy.world 6 months ago
You’d still owe that debt. Unless you go to prison for live than the debt’s statute length. Generally 7 years.
Also some jurisdictions make you pay for the privilege of going to prison.
Ymmv, choose your state of jurisdiction very carefully.
Also crypto is a bubble IMO.
garbagebagel@lemmy.world 6 months ago
AA5B@lemmy.world 6 months ago
It’s not that clearcut: they have various tricks to keep it alive, if they know where you are. This is why you never admit to a debt nor pay the token amount they offer; both are tricking you into legally claiming responsibility, so they can keep the debt alive
Trainguyrom@reddthat.com 6 months ago
Debt is super weird. In some cases you can have thousands very much just disappear after 7 years, in others they’ll hunt you down mercilessly over a $25 copay they mailed you a “this is not a bill” letter about 2 years ago. My wife was pretty deep in debt when we first started dating and I literally have seen both extremes and everything inbetween.
Goodtoknow@lemmy.ca 6 months ago
Don’t pay and ignore collectors… Profit
chuckleslord@lemmy.world 6 months ago
IMO nothing, it’s pure speculation powered by nothing but blind greed. If it isn’t a bubble, then nothing is.
DampSquid@feddit.uk 6 months ago
You just described all economies
starman2112@sh.itjust.works 6 months ago
Lmao yeah me trading an hour worth of work for a meal that I will consume is the same thing as me trading an hour of work for a nebulous pile of 1s and 0s and hoping some dipshit will pay 2 hours worth of work for them later
Shareni@programming.dev 6 months ago
Lmao you’re working in a barter economy?
chuckleslord@lemmy.world 6 months ago
I mean, logically there’s something that people need in some of those…
kautau@lemmy.world 6 months ago
Bro food is a bubble
frezik@midwest.social 6 months ago
Economics is simply a study in how to allocate scarce goods. It does not need to result in hoarding scarce goods in the hope of getting more for them later.