Why can’t you just *not* pay off a loan/dept/etc?

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I understand that the IRS makes sure you play taxes, but what about loans? Like can’t I just get a movie from a redbox and never return it since i’d only have to pay when I returned it?

In: Economics

13 Answers

Anonymous 0 Comments

I read this as why can you not pay a loan/debt off *all at once* and was like yeah no because it’s terrible for your credit score and then I read the comments and realized OP may have meant just not pay at all and was like yeah no that’s terrible for your credit score. So basically same difference.

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