GasBandit
Staff member
Debt Collectors have found a creative way to throw your ass in prison.
Debtor's Prison is Back
- Thread starter GasBandit
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Here's another way. Manipulate prices on everything in the core index (staples, energy) so that "necessities" (food, transportation, insurance, housing) approach 100% of a poor person's income. This will condemn them to never be able to pay off their debt, letting you reap endless interest payments off your initial lending investment(s).
--Patrick
--Patrick
That's a unique loophole in the justice system. Sounds like the best solution is to limit the number of times per year a debtor can be called to court.
Another solution is to eliminate payday loan companies, or regulate their interest rates to a reasonable fixed percentage above the prime rate.
Another solution is to eliminate payday loan companies, or regulate their interest rates to a reasonable fixed percentage above the prime rate.
I'm sure the RIAA would be licking their chops over this.
They would, if they already didn't have ways to put people in jail.
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