- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
0
Posted on 5/16/23 at 11:23 am to Deactived
quote:
think some OTers sent his commissary something money
quote:
Jones
Posted on 5/16/23 at 11:42 am to SuperSaint
the credit card companys settle the debt for pennies on the dollar. I've seen it first hand with a relative.
while i pay off my bills in full every month.
while i pay off my bills in full every month.
Posted on 5/16/23 at 11:43 am to Tigeralum2008
Banks are more than willing to lend at below market rates to a certain segment of the population that is highly correlated to criminals, knowing that a lot of it will default. It boosts the banks’ ESG scores and is officially known as the Community Reinvestment Act.
Posted on 5/16/23 at 11:44 am to bushwacker
quote:
the credit card companys settle the debt for pennies on the dollar. I've seen it first hand with a relative.
there's still a tax liability on that for the con and it will stay on their credit report about as long as a bankruptcy filing
Posted on 5/16/23 at 11:46 am to BabyTac
quote:
What happens with your debt when you go to jail?
Grama buys up all your debt 30 cents on the dollar, backed by Teddy KGB.
Then your 10k becomes 25k and they spread out the 5 guys and keep the juice running.
Posted on 5/16/23 at 12:00 pm to BabyTac
quote:
they have to be using credit cards, etc??? How do they even get approved.
Easy, if they serve 7 years in jail their credit report is now as clean as a whistle. All the negatives have been removed and the positive trade lines are still reporting within the last 10 years. I have student loans that were paid off in early 2010’s that are still showing.
Now if they got sued they may have a judgement against them, but that only reports for the 7 years, also the creditors in Louisiana only have 3 years after the date of the last payment to seek a judgment if they don’t they can just continue to report the negative information on your credit report for 7 years. With the judgement, they can seize bank accounts and wages, they have 10 years to do this or they have to file a motion to extend it another 10 years, but most won’t because the creditor has to keep fronting the legal fees, and by then if you haven’t been paid is it worth another court filing, of course that depends on the amount.
Age is your friend in the credit business.
Posted on 5/16/23 at 12:01 pm to BabyTac
quote:
What happens with your debt when you go to jail?
if they own anything at all, its taken and sold to make restitution.
any remaining debt is written off by the debtors, its SOP because they have no way to collect.
any restitution they still owe to the court or victims is just converted into more prison time before they can get out.
so in short, when they get out, they are broke, but free and clear from all past debts.
as to what you see, thats TV BS but it does happen that pathetic women gives themselves to prisoners to feel loved and they often pay to support them as well when they get out. it happens the other way as well where cucks latch on to women in prison and give them money. there are even websites that get posted on here at times for women in prison needing to find a guy
This post was edited on 5/16/23 at 12:05 pm
Posted on 5/16/23 at 12:03 pm to BabyTac
Your cellmates collect any and all debts owed via buttsecks
This post was edited on 5/16/23 at 12:04 pm
Posted on 5/16/23 at 12:10 pm to BabyTac
Probably just goes unpaid. I doubt anyone's licking stamps and writing checks to Discover or MBNA in the pokey.
The question does remind me of an experience I had years ago. I was called into this place to do IT work. Learned a little about their business. Basically, they were scraping those sex offender and mugshots websites and sending the results to Experian and/or TransUnion.
Now, those companies are not able to incorporate such data into your "real" FICO score, but there are other, more secret scores or "products" that they sell lenders that do incorporate that shite.
That whole place had an extremely creepy vibe.
The question does remind me of an experience I had years ago. I was called into this place to do IT work. Learned a little about their business. Basically, they were scraping those sex offender and mugshots websites and sending the results to Experian and/or TransUnion.
Now, those companies are not able to incorporate such data into your "real" FICO score, but there are other, more secret scores or "products" that they sell lenders that do incorporate that shite.
That whole place had an extremely creepy vibe.
Posted on 5/16/23 at 12:11 pm to BabyTac
You aren't going to jail for posting a pic of Brett Favre's dick on the golf board
Stop stressing
Stop stressing
Posted on 5/16/23 at 12:16 pm to Thib-a-doe Tiger
quote:
You aren't going to jail for posting a pic of Brett Favre's dick on the golf board
are you absolutely sure about that?
Posted on 5/16/23 at 12:42 pm to BabyTac
The bill collectors call my phone bc the criminal gave a fake phone number on their credit application
I don’t pay it
I don’t pay it
Posted on 5/16/23 at 12:47 pm to WigSplitta22
Well, everybody in prison didn't have a criminal record prior to their first offense. How would the lender know that they'd later go to prison?
Posted on 5/16/23 at 12:53 pm to BabyTac
quote:
Get out of prison, no job, wearing trendy clothes, going to casino or strip club every night…they have to be using credit cards, etc??? How do they even get approved. FML…..
They sell drugs for cash.
Posted on 5/16/23 at 1:20 pm to BabyTac
What happens with your debt when you go to jail?
----Asking for a friend?
----Asking for a friend?
Posted on 5/16/23 at 2:01 pm to BabyTac
quote:
Been watching this Love after Lockup show
If this is a reality show, chances are it's at least 97% fake and scripted.
Posted on 5/16/23 at 2:06 pm to BabyTac
For starters, you don't collect $200 and you go straight to jail...
Posted on 5/16/23 at 3:34 pm to BabyTac
As someone who has NOT been to jail, but HAS done a Chapter 7, I find this question interesting.
Of course, any ex-con coming out of the joint is probably going to be penniless, so he could easily do it, and I would imagine that there are social welfare organizations that would help him. Another aspect is that if a debtor makes no payments on a debt after a certain number of years, his debts are discharged, so this might happen automatically.
All that said, there are certain debts that stem from a crime that are explicitly NOT dischargeable, such as damages due to drink driving.
Of course, any ex-con coming out of the joint is probably going to be penniless, so he could easily do it, and I would imagine that there are social welfare organizations that would help him. Another aspect is that if a debtor makes no payments on a debt after a certain number of years, his debts are discharged, so this might happen automatically.
All that said, there are certain debts that stem from a crime that are explicitly NOT dischargeable, such as damages due to drink driving.
Posted on 5/16/23 at 3:36 pm to UFFan
quote:
Well, everybody in prison didn't have a criminal record prior to their first offense. How would the lender know that they'd later go to prison?
Debt collectors run a check on any welcher, and I'm sure the check shows "entered Angola State Penitentiary on 2000-01-01", etc.
This post was edited on 5/16/23 at 3:37 pm
Page 2 of 3
Popular
Back to top
Follow TigerDroppings for LSU Football News