Which makes them more stupid, the creditors will want their piece.
The debts will get sold on for a silly low price and collected.
Wonga.com going bust
- Thread starter Diddums
- Start date
The debts will get sold on for a silly low price and collected.
I'd imagine a lot get offers from whoever buys the debt though
I used wonga once about 8 years ago. It was an extremely useful service. It's a shame that too many people have a total externalisation mentality. People appear as if they have absolutely no idea what they're signing.
That's basically how the entire economy works isn't it? You're right it doesn't work out as a long term model, that is why economic collapse is inevitable and on the brink.
And it's why we're in debt which we will never get out of lol. Barely any of this artificially generated and inflated money is actually real, this is why we have multiple layers between currency, money, electronic funds etc, and this is why we are being mind controlled and pushed toward total electronic funds because its easier for the numbers to be generated on a computer without having the actual value reserved because we're now generating money using generated money, then the person who takes this generated money is bound to future slavery to actually generate actual value.
That's basically how the entire economy works isn't it? You're right it doesn't work out as a long term model, that is why economic collapse is inevitable and on the brink.
And it's why we're in debt which we will never get out of lol. Barely any of this artificially generated and inflated money is actually real, this is why we have multiple layers between currency, money, electronic funds etc, and this is why we are being mind controlled and pushed toward total electronic funds because its easier for the numbers to be generated on a computer without having the actual value reserved because we're now generating money using generated money, then the person who takes this generated money is bound to future slavery to actually generate actual value.
Soldato
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- 25 Mar 2004
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Bad idea if you value your own credit history. Some lenders may even turn you away for having had one in your recent credit history as it shows you're financially stretched enough to warrant getting one in the first place.