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

If you take out a loan and don’t pay it back, the bank will sue you. If you don’t show up in court, they’ll garnish your pay or seize your assets.

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