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

redbox has your credit card on file, if you don’t return the movie they will charge you $30 for the lost movie. I guess technically you could just not pay the credit card company either, but eventually you will run out of people not to pay. You might not be able to get a job either, some places won’t hire you if you have a horrible credit score.

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