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.
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?
I’m really glad that he’s aware of the moral implications of what he did.
Doesn’t sound like you are though. I mean, you just admitted he committed fraud in order to appropriate money meant for people who actually needed it, and now:
you want to justify it by saying “clearly the government wasn’t holding back assistance to anyone at the time” as though it being an honour system at the time made what he did okay;
you’re pulling that after you first tried to paper over that they weren’t just any old loans he took out; in addition to which
you want to try and paint me as the bad guy.
You serious, dude? You’re aware that I didn’t commit fraud during the pandemic, right? And it wasn’t hard either, I just didn’t apply for relief I wasn’t eligible for. You’re aware he wasn’t scamming a bank, he was scamming people in need?
It’s okay to make mistakes, but he is lucky he’s not in prison, and if he can own what he did like an adult then so can you.
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
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Dang, why not.
Sometimes thats the attitude it takes
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.
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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?
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I’m really glad that he’s aware of the moral implications of what he did.
Doesn’t sound like you are though. I mean, you just admitted he committed fraud in order to appropriate money meant for people who actually needed it, and now:
You serious, dude? You’re aware that I didn’t commit fraud during the pandemic, right? And it wasn’t hard either, I just didn’t apply for relief I wasn’t eligible for. You’re aware he wasn’t scamming a bank, he was scamming people in need?
It’s okay to make mistakes, but he is lucky he’s not in prison, and if he can own what he did like an adult then so can you.
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If we all did this capitalism would collapse.
Sounds like we should all do this.
“if we all stopped working and just did drugs and hookers the economy would collapse” is not that deep of a thought.
Yeah, but it being a desirable outcome is a bit novel.
Clearly not, because $country did all this shit, and capitalism did not collapse, somehow…this time.
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
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