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
Best case scenario people will know you never pay back your loans. And the you will get turned down for basically anything you aren’t paying full price in cash with.
Wanted to buy a house? Nope.
Wanted to rent an apartment? Yeah, also no.
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