Theoretically, lets say I have the resources to take out an unsecured personal loan, say the max of $50,000-$100,000 in the USA, and use that money to buy crypto, and then quit my job and move back in with my parents, then just stop paying completely. I would obviously go into default, ruin my credit and get harassed by collectors, but what else is there?
I quit my job so they can't garnish my wages, so my main question is - how long, if ever, until they leave me alone & drop my debt, and is it possible that I go to jail? I have a dual citizenship and can go chill in the other country if anything.
This is all hypothetical, just trying to figure out how debts work for the future in case of any schemes
I owe 20k on an unsecured loan from 5 years ago. I told debt collectors to provide proof of debt and that I owed nothing, and any further calls would be harassment as they are causing me to have an unstable mental state. They arent allowed to call afterwards and if they do you have them calling after you told them they are affecting your mental health and work life. They havent called me in years and in 2 years the 20 000 will be wiped from my collections. Never admit to owing anything, you have so many rights they don't want you to know about. Even if you pay something in collections it doesnt do anything for your credit scores
Aiden Bailey
whad you blow the $20k on? idk if applicable in Murica, but, you'd also better have a cover story where the $100k (or whatever) plausibly disappeared. There is a border between not being able to pay it back, and never having had any intention of doing so, the latter being straight fraud
Kayden Sanders
So the goal is to get my shit to collections? Have you worked at all in these 5 years? Do you have any more info about the 7 year rule? What can I and can't I do in the 7 years until my shit gets erased and I don't get bothered anymore?
Brayden Allen
I was thinking if one were to do something like this, you can escape the fraud accusation by pretending to be a pajeet scammer on twitter, sending him (yourself) all of your crypto and then saying you got duped or something. Obviously something a bit more intricate, but its incredibly difficult to prove these types of things as crypto is still in an incredibly infantile stage.
Christopher Watson
Another question is, how severely do they garnish your pay? What if I were to quit my high paying job and get a part time minimum wage job that only gives me enough to survive (food & rent) - they couldn't really garnish me then because I would become homeless - I could take that to a court, right?
Robert Roberts
I am a Yuropoor and ran up £15,000 credit card debt in U.K. when I lived there as a student. I moved back home and never looked back and didn't pay anything. Fuck those cucks.
Jose Fisher
I was engaged at the time and was a naive horny 21 year old with a 26 year old BPD meme queen. I payed for EVERYTHING. Rent. Utilities. Laundry. Food. Never fucking tell your partner or friends your finances.
Camden Ramirez
I have not worked on the books at all. I am currently in the process of getting disability for agoraphobia which I told my psychiatrist started manifesting when debt collectors kept calling. I said I was afraid to even look at my phone and couldn't even work without being harassed. My psychiatrist signed a form saying I am unable to work and agrees I should be on disability.
Carter Hughes
>Do you have any more info about the 7 year rule? this will be state specific. Same as wage garnishment. Whatever you do if you commit to this NEVER pay even one cent; it restarts the clock on the time debt can be collected.
