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Forum » Anyone never paid off a credit card/loan? srs
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Thread: Anyone never paid off a credit card/loan? srs

post 1672430283 12-07-2022, 06:37 PM
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Anyone never paid off a credit card/loan? srs

And what happened other than taking a massive hit on your credit score?
post 1672430363 12-07-2022, 06:39 PM
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Originally Posted By SazabiBrah⏩
And what happened other than taking a massive hit on your credit score?
That one miscer who was Polish but born and raised in Canada. Took out a 50,000 loan in Canada and moved to Poland
post 1672430523 12-07-2022, 06:44 PM
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Nothing really happens. Most times they just sell your debt to a collect agency and they call you non-stop to get the balance you owe. After 7 years it's gone, since the collection agency paid your debt off. (Ded fkn Srs)
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post 1672430543 12-07-2022, 06:44 PM
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Not really. I heard you can negotiate medical bills to 5-10% with minimal skill.
post 1672430623 12-07-2022, 06:46 PM
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Originally Posted By ToxMasculinity⏩
Nothing really happens. Most times they just sell your debt to a collect agency and they call you non-stop to get the balance you owe. After 7 years it's gone, since the collection agency paid your debt off. (Ded fkn Srs)
What if you owe like 500k to the IRS?
post 1672431013 12-07-2022, 06:53 PM
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post 1672431173 12-07-2022, 06:56 PM
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Originally Posted By ToxMasculinity⏩
Nothing really happens. Most times they just sell your debt to a collect agency and they call you non-stop to get the balance you owe. After 7 years it's gone, since the collection agency paid your debt off. (Ded fkn Srs)
must go into your estate or something if you pass. i know certain debt does. i think medical may not. and a house doesn't. but everything else i think does unless you have a partner that can transfer their name to it

way too many people would be doing that chit otherwise
post 1672431243 12-07-2022, 06:57 PM
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Originally Posted By ToxMasculinity⏩
Nothing really happens. Most times they just sell your debt to a collect agency and they call you non-stop to get the balance you owe. After 7 years it's gone, since the collection agency paid your debt off. (Ded fkn Srs)
I have a friend who owes $30,000 total among like 5 different credit cards and he told me this as well. I told him it’s probably not a good idea… but you’re saying he can get away with it?
post 1672431283 12-07-2022, 06:59 PM
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Originally Posted By Imthebestmayne⏩
That one miscer who was Polish but born and raised in Canada. Took out a 50,000 loan in Canada and moved to Poland
lol looksmaximus
post 1672431333 12-07-2022, 07:00 PM
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i've paid off numerous credit cards after racking up large amounts of debt on only to be put back into the cycle again. Kind of tired of paying them right now and debating if i should even care to pay them off anymore
post 1672431723 12-07-2022, 07:10 PM
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Originally Posted By bicmane123⏩
What if you owe like 500k to the IRS?
You can turn it into a payment plan.

If you can't pay the payment plan then you have to call the IRS and let them know they'll figure something out for you.

In general, the IRS has 10 years to collect unpaid tax debt.

If it's not paid then it's wiped out.

The IRS can garnish up to 50% of wages or force you to sell property or seize it.
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post 1672431873 12-07-2022, 07:13 PM
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Originally Posted By Imthebestmayne⏩
That one miscer who was Polish but born and raised in Canada. Took out a 50,000 loan in Canada and moved to Poland
Lmao. I think they do that in England a lot too
post 1672431883 12-07-2022, 07:13 PM
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Originally Posted By iloveus⏩
You can turn it into a payment plan.

If you can't pay the payment plan then you have to call the IRS and let them know they'll figure something out for you.

In general, the IRS has 10 years to collect unpaid tax debt.

If it's not paid then it's wiped out.

The IRS can garnish up to 50% of wages or force you to sell property or seize it.
This happened to my godbro he owed like 10,000 or some chit and got a letter to either garnish his wages or pay it off in payments.
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post 1672431943 12-07-2022, 07:14 PM
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Originally Posted By 8pieces⏩
i've paid off numerous credit cards after racking up large amounts of debt on only to be put back into the cycle again. Kind of tired of paying them right now and debating if i should even care to pay them off anymore
My dad once did this. His lazy ass went office space and ran up like 10 credit cards. He was like what can they do? Well they made him go to court and file bankruptcy. Some Italian guys got him out if it. They said your dad is a friend of the family. You are ok. Yeah lmao
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