what if i dont pay debt
Date: Thu, 10/05/2006 - 20:14
behind bars? if the amount is so large can i make a promisory note to installment ? i heard that there are no people get behind bars for debt.
can anyone tell me about this?
Why wouldn't you pay pack something you took from someone? D
Why wouldn't you pay pack something you took from someone?
Depending on the loan and state you live in you could be charged the intrest, it could stay on your credit report for up to 10 years. You could be sued, your wages can be garnished, you will have to deal with creditor and collection calls. You becon credit score will be lowered significantly.
Re: Loan
Well, I just wanna know.
The Creditor are from UK & i'm in the Philippines.
I just met them over the internet. I have this REal Estate Dev't Project i'm wanted a financer/investor but they offered me instead a loan w/o any collateral or co-makers but onlly agreement papers from his layers.7 years is the scheme. if i fail to pay in 7 yrs. let's say i didn't expect bad things happend in the business....
Can you just give me advise?
Well you should always pay things you take. I don't know the
Well you should always pay things you take.
I don't know the laws in the Philippines so any advice I have otehr than that wouldn't be much help other than to say you should check with your governments laws.
I am having a hard time taking your post for real. You have a
I am having a hard time taking your post for real. You have a real estate development project and you are looking to find a way to not pay back money you borrowed. Is that what you are saying? Because if you are, it seems like there is a potential for a lot of people to get screwed in your little game. Shame on you. What are trying to do?
It sounds like you are trying to scheme somebody, and it is true
It sounds like you are trying to scheme somebody, and it is true there is no debtors' prison in the United States, that isn't to say that other countries wouldn't put you in prison. It's also possible to be put in prison in the United States if you are trying to defraud, which is kind of what it sounds like you are doing, saying things like scheme and layers.
Especially if you see a concrete company truck pulling up into o
Especially if you see a concrete company truck pulling up into one of your "real estate developments" And a few big "layers" jump out of the cab.
Like Amy said,there are no debtors prisons,but you can be sued,a
Like Amy said,there are no debtors prisons,but you can be sued,and issue a judgement against you. I'm not sure how real you are here,if you have real estate,they'll just put a lien on you holdings.The whole thing sounds like a big,old bogus scam to me...Karen
