Wait if you can avoid debt collectors for 7 years they just forget about you?? Like I could fuck off to another country where they can’t garner my wages and come back and they can’t do shit about it?
It’s not that clearcut: they have various tricks to keep it alive, if they know where you are. This is why you never admit to a debt nor pay the token amount they offer; both are tricking you into legally claiming responsibility, so they can keep the debt alive
Debt is super weird. In some cases you can have thousands very much just disappear after 7 years, in others they’ll hunt you down mercilessly over a $25 copay they mailed you a “this is not a bill” letter about 2 years ago. My wife was pretty deep in debt when we first started dating and I literally have seen both extremes and everything inbetween.
You’d still owe that debt. Unless you go to prison for live than the debt’s statute length. Generally 7 years.
Also some jurisdictions make you pay for the privilege of going to prison.
Ymmv, choose your state of jurisdiction very carefully.
Also crypto is a bubble IMO.
Don’t pay and ignore collectors… Profit
Wait if you can avoid debt collectors for 7 years they just forget about you?? Like I could fuck off to another country where they can’t garner my wages and come back and they can’t do shit about it?
It’s not that clearcut: they have various tricks to keep it alive, if they know where you are. This is why you never admit to a debt nor pay the token amount they offer; both are tricking you into legally claiming responsibility, so they can keep the debt alive
Debt is super weird. In some cases you can have thousands very much just disappear after 7 years, in others they’ll hunt you down mercilessly over a $25 copay they mailed you a “this is not a bill” letter about 2 years ago. My wife was pretty deep in debt when we first started dating and I literally have seen both extremes and everything inbetween.
Couldn’t you just leave the country and disappear somewhere with a low cost of living? Not like anyone can catch you moving crypto across borders.