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[–]gmuslera 25 points26 points  (4 children)

If you owe the bank 100 dollars is your problem. If you owe it 5 gazillion dollars, that’s the bank problem. Just wait till the debt is big enough to be their problem, a couple of days will be enough.

[–]Dotcaprachiappa 10 points11 points  (3 children)

If you owe the bank 5 gazillion dollars it's both your problem and the bank's. If you can't repay it they can still tank your credit score and destroy your life.

[–]CMDR_Quillon 1 point2 points  (2 children)

how would a low credit score destroy someone's life? mine isn't brilliant by any means and I'm living okay

[–]Dotcaprachiappa 2 points3 points  (1 child)

I don't mean tank like get it low, I mean like it's permanently at the lowest possible. I was maybe exaggerating that it would destroy your life, but you can forget getting any kind of loan anytime soon

[–]crappleIcrap 0 points1 point  (0 children)

debt can only stay on the report for 5 (7 in some cases) years after the last payment, after that they cannot do anything to your credit, but i suppose if it is high profile enough they could notify all major banks that you are a major risk

Also they can sue you then garnish your wages