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?
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
I mean eventually they'll take the million dollars' worth of stuff you bought and a whole lot mkre
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?
The reason is that they won't give you a massive loan without collateral showing that you have the means to pay it back.
Y'all really care about Fico too much. It's one, minor number, that's mostly used on the consumer side.