4 ms·
What happens if people don't pay ? Do they fly in people with guns from California ? The problem was never access to credit, but access to high income jobs.
by sand_castles 6y ago
What happens if people don't pay ?
Do they fly in people with guns from California ?
The problem was never access to credit, but access to high income jobs.
- sameverywhere 6y agoThe debt gets sold to local companies that can attempt to enforce it in that province/town, probably for cents on the dollar. It probably gets sold to an aggregate and then collectors bid on it. Not too different than what happens anywhere in the world.
- rapsey 6y agoThey hand it over to a local debt collector agency or whatever the local procedures are. Maybe they call the bank and take it out of the persons next pay check. I disagree that it is a jobs issue. It is a legal issue and what procedures exist for these situations.