As resumption of educational debt repayment looms, more than 7 in 10 borrowers say they are taking on extra work, while half say they don't know whether they'll be able to make payments come October.
Depends on where you’re disappearing to, and how smart your lenders are – many countries cooperate with foreign debt enforcement.
In Sweden for example, a foreign lender can apply for debt enforcement with our national enforcement agency (Kronofogden). They then handle it the same as domestic debt by garnishing your wages or confiscating your property for example.
You can get on income-based repayment. You have no American income, so you pay nothing. Eventually the debt is cancelled, as long as you don’t move back.
Yes we can. Band together and buy land in small, remote towns and build intentional communities where money is not needed. Incorporate them into separate counties so no taxes can be levied. Conduct all business in crypto.
Time to leave the country and never return.
I don’t think your debt disappears if you expatriate.
it doesn’t go away but if you don’t come back it doesn’t really matter
Depends on where you’re disappearing to, and how smart your lenders are – many countries cooperate with foreign debt enforcement.
In Sweden for example, a foreign lender can apply for debt enforcement with our national enforcement agency (Kronofogden). They then handle it the same as domestic debt by garnishing your wages or confiscating your property for example.
Can’t garnish me or take my things if I expatriate and just become homeless. Checkmate government!
It does if you expatriate into ¡Gregorio Sanchez, Title Alligator Boxer Extraordinaire!
Banks hate this one simple trick.
You can get on income-based repayment. You have no American income, so you pay nothing. Eventually the debt is cancelled, as long as you don’t move back.
Wow, I had no idea. See ya!
More like time to band together and defy them collectively
There’s no way to do this if they can garnish your wages.
Yes we can. Band together and buy land in small, remote towns and build intentional communities where money is not needed. Incorporate them into separate counties so no taxes can be levied. Conduct all business in crypto.