11-13-2004, 01:41 AM
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vip member
Join Date: Jan 2003
Posts: 17,798
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Quote:
Originally posted by psyko514
they won't arrest him, and they won't reposess anything... not for $500.
they'll sic the collection agencies on him, who will harass him and his family day and night with idle threats. eventually, if unpaid, the debt will be treated as a write-off which will really harm your buddy's credit rating.
if he doesn't pay it back, it's gonna severly hinder his chances of getting a car, credit card, bank account, /oan, house, etc in the next 5-10 years. it'll also probably hurt him if he tries to get a job or rent an appartment.
for $500, it's not worth it.
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if its a cash advance / check advance type place... they will definately go after him as far as they can, they are ruthless |
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