View Single Post
Old 11-13-2004, 01:42 AM  
stocktrader23
Let's do some business.
 
stocktrader23's Avatar
 
Industry Role:
Join Date: Jan 2003
Location: The dirty south.
Posts: 18,781
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.
I bought my Mustang with horrible credit. I just put enough down to make em shut up.
__________________


Hands Free Adult - Join Once, Earn For Life

"I try to make a habit of bouncing my eyes up to the face of a beautiful woman, and often repeat “not mine” in my head or even verbally. She’s not mine. God has her set aside. She’s not mine. She’s His little girl, and she needs me to fight for her by keeping my eyes where they should be."
stocktrader23 is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote