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-   Current Events, Philosophy, & Religion (https://www.musicbanter.com/current-events-philosophy-religion/)
-   -   debtors prisons (https://www.musicbanter.com/current-events-philosophy-religion/69440-debtors-prisons.html)

Sparky 05-03-2013 12:22 AM
debtors prisons
 
seem to be making a comeback in the us of a. As having accumulated a certain amount of debt this makes me nervous:(

from npr/cbs and thinkprogress.org
Quote:
More than a third of all states now allow borrowers who don’t pay their bills to be jailed, even when debtor’s prisons have been explicitly banned by state constitutions. A report by the American Civil Liberties Union found that people were imprisoned even when the cost of doing so exceeded the amount of debt they owed.
Quote:
Debt collection is a lucrative business — the industry is set to grow 26 percent in the next three years.
Quote:
The Federal Trade Commission received more than 140,000 complaints related to debt collection in 2010. That's nearly 25,000 more than the previous year.
http://si.wsj.net/public/resources/i...0316182740.jpg
anybody remember that "kidsforcash" stuff? Prison industrial complex is coming for ya **** i wish i was born upper class.

Dr_Rez 05-03-2013 12:43 AM
http://www.gifsforum.com/images/gif/...7baf3-2350.gif

Surell 05-03-2013 12:52 AM
the borrower's debt is the only regret of my youth. :(

Sparky 05-03-2013 12:54 AM
@dr rez, i hope you looked at the pic at least

djchameleon 05-03-2013 06:47 AM
If your debt is school loan related, I don't think you have to worry about it.

Burning Down 05-03-2013 08:51 AM
I didn't know the USA was still in the Middle Ages.

Sparky 05-03-2013 04:00 PM
Quote:
Originally Posted by djchameleon (Post 1315167)
If your debt is school loan related, I don't think you have to worry about it.
that's a good portion of it, not so worried about the federal loans, more so the private ones-i expect them to come at me with the full extent.

@burningdown

I'm hoping to get out in the forseeable future (though that vision is getting hazy)

I remember being on wellfare in DK and covering a two bedroom apartment with cable, a deck, over looking a lovely park. Here even with all my loans i got roughly 100$ back on my tax return. No doubt need to get out its a sinking ship

Circe 05-03-2013 04:01 PM
It's a funny world when people can get thrown into prison for owing a couple of thousand dollars to men who cheated the world out of millions and got away scot-free.

djchameleon 05-03-2013 04:55 PM
Quote:
Originally Posted by Sparky (Post 1315299)
that's a good portion of it, not so worried about the federal loans, more so the private ones-i expect them to come at me with the full extent.
Most of the stories that I have seen/heard have been for smaller amounts like just a high hundreds/few thousands.

I haven't heard of any cases reported of people getting thrown in jail over private school loans.

Scarlett O'Hara 05-03-2013 06:25 PM
Quote:
Originally Posted by Circe (Post 1315301)
It's a funny world when people can get thrown into prison for owing a couple of thousand dollars to men who cheated the world out of millions and got away scot-free.
This. The bastards.


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