The process is you pay what you owe. As per the covenant you voluntarily and explicitly entered upon. It’s one thing to not understand that roads do not magically appear to facilitate your traveling (“not driving”), and that the privilege of using them is concomitant with obligations you have to fulfill. But trying to weasel out of paying your bills is a move made entirely in bad faith.
nah. fuck interest bearing loans.
If you take a loan from me you better be prepared to compensate me for it. Or buy only what you can afford. Mind you, I consider myself a lefty but that’s just common sense.
interest bearing loans are not leftist. please don’t associate your bad ethics with my politics.
I think what they’re saying is that despite being “left”, they’re aware that in an inflationary economy an “interest-free loan” isn’t merely a opportunity-cost for the lender, it’s a concrete cost.
They are indeed! Thanks for the translation. 👍
economics theory is just story telling. it’s not science.
also, being a leftist means opposing rent seeking.
Can you elaborate on your first point and how you relate it to this context?
saying
"they’re aware that in an inflationary economy an “interest-free loan” isn’t merely a opportunity-cost for the lender, it’s a concrete cost.
Is merely repeating a popular myth. The existence of an inflationary economy is a purely rhetorical invention. As is the idea of a concrete cost. Opportunity costs have the same story. They’re just ways of understanding the world but they are not objectively true.
So while that user may believe the myth that you articulated, that myth is not itself true.
Probably a symptom of having quit FB for quite a while, but these totally incongruent background images are fantastic
I saw one once with this smelling the flowers avatar which said “CPS just took my kids”.
They had the best Super Bowl ad that was just complete and utter nonsense for 30 seconds followed by whatever shitty tagline.
“Fortune favors the bold”
Somehow I suspect not a single person suggested making the payments.
Wait till the repo guy shows up
Hand him a 1099 signed diagonally in red ink and say the debt has been discharged.
Without a fingerprint in blood, it’s worthless
That was yesterday’s thread. Fellow was trying to get their car back from impound with magical paperwork (I think).
😂
At least he’s only screwing himself and not trying to dodge child support.
I’m willing to bet that he’s doing that as well
Dammit, you’re probably right
15 USC 1692a (4):
The term “creditor” means any person who offers or extends credit creating a debt or to whom a debt is owed, but such term does not include any person to the extent that he receives an assignment or transfer of a debt in default solely for the purpose of facilitating collection of such debt for another.
Oh. Now I completely understand how all this works…
Again with the attempt at casting legal magic spells. AS IF knowing the definition to what a creditor or debt is means you can just use a magic hand wave and file the right piece of paper to make it all go away will just work. These are adults who never passed basic economics or government class in high school.
SocCit is Harry Potter meets social studies. With the right magical incantation they really believe they can make themselves immune from law.
What if all this debt just blew away?
I would also like to just write off some big purchases, how do I do that without needing any money?
You can also just write it off. Everyone’s doing it. Use the special coupon, SovCits have done it before. I’ve heard of someone who did it before, just submit it and all your problems go poof.
Alternatively, you can just declare bankruptcy! “It’s nature’s ‘Do Over’.”
Say it. Declare it now on Lemmy, and all your monkey problems go away.
I don’t have any problems with monkeys.
Sorry, not sure if the reference was known. I was referencing the show The Office. There’s an episode about debt and money problems, and some of the verbiage I used comes from that episode, including “monkey problems”
I do not remember that gag but I don’t question it because it sounds like something Michael would say. Or Jim, but ironically.
