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/biz/ - Business & Finance

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6830401 No.6830401 [Reply] [Original]

They are due tomorrow. Needless to say, I am down 30%. What happens if I don't pay?

>> No.6830450

>>6830401
did put down any collateral

aka they sue you

or take what u got

>> No.6830481

default you to bankruptcy, credit ruined for several years to come, liquidate any assets you own

>> No.6830693

>>6830401

That’s fine, a friendly credit controller will just let you take out a new loan with a slightly less favourable interest rate to pay off the old loan which you took out to trade in the most fucking volatile trading area anywhere, anywhen. It’s all going to come good when your shitcoin moons though right! What could go wrong?

>> No.6830727

I'd assume u just have to make a payment not pay the entire sum???

>> No.6831220

>>6830401
say your cat did it

>> No.6831246

>>6830727
>t. guy who has never had a payday loan
Did you ever stop to think about why they are called "payday loans"? Fucking brainlets on this boards I swear.

>> No.6831260

>>6830401
Payday loan companies are fucking cancer. I hope blockchain tech wipes them out.

>> No.6831275

>>6830401
retard

>> No.6831325

Wage garnishment my friend. If it is only $500 now it will be $1250 after court costs. You lost soon as you took it out

>> No.6831347

>he fell for the capitalist lending meme


what are you poor?

>> No.6831355

>Download Uber app
>Register in10 mins
>give rides until tomorrow morning
>pay loan

>> No.6831356

>>6831246
I've never had to take a payday loan because I'm not retarded with my money.
>>6831260
Are you kidding? Blockchain is going to take it to the next level. Shit like NIMFA backed by international mafia and "contractors." For all we know, that one is itself backed by the Russian mob.

>> No.6831399

>>6831347
Capitalist lending works if you buy actual capital and don't try to forex trade your loan lmfao. OP is full retard or larp. Probably both.

>> No.6831420

Payday loans are for nonwhites. Are you not white, OP?

>> No.6831605

>>6830401
get another payday loan to pay this one off?

>> No.6831790

stupid nignog

>> No.6831824

>>6831325
how much of my allowance can the garnish? can my mom pay me less and do some under the table?

>> No.6831919

>>6831605
Well perhaps he may manage to get one, however he has already taken a 30% loss + interest of the first loan, then we can add the interest of the second and the fact that he probably didn't pull back after his failure, he would have to expect a return of, at the very least, 150%.