how come some people reach million dollars in debt? i mean ordinary

>>1718914
let me rephrase

how does the bank/providers let a person owe them a million? i thought that usually you get legal proceedings once you reach like 10k debt

Anonymous 2017-01-09 05:33:16 Post No.1718929
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Anonymous 2017-01-09 05:33:16 Post No.1718929 [Report]

>>1718923
Imagine this
The legal proceedings are the debt
Legal debt goes crazy high crazy fast and if you lose, boom

Anonymous 2017-01-09 05:37:30 Post No.1718937
[Report] Image search: [Google]

Anonymous 2017-01-09 05:37:30 Post No.1718937 [Report]

File: sperm-whales.png (144KB, 600x400px) Image search: [Google]

144KB, 600x400px

>>1718923

Might want to do research on Trump to find your answer.

Anonymous 2017-01-09 05:38:42 Post No.1718939
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Anonymous 2017-01-09 05:38:42 Post No.1718939 [Report]

>>1718937
i was aiming more towards students and buisness owners that owe huge sums of money. not buisness guys that roll a million every day

Anonymous 2017-01-09 05:41:48 Post No.1718943
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Anonymous 2017-01-09 05:41:48 Post No.1718943 [Report]

>>1718898
all depends on how much you're worth.

someone that isn't worth much, like you, will get harassed over 200 in debt. But say for someone like Kanye West who apparently owes like 200 million; he has a lot more potential to get that money because his bank records show he pulls in millions.

tag on your soul, everybody got a price.

Anonymous 2017-01-09 05:47:52 Post No.1718952
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Anonymous 2017-01-09 05:47:52 Post No.1718952 [Report]

Corrupt middlemen selling loans to those that can't afford it and using other people's money to do it.

Anonymous 2017-01-09 05:50:37 Post No.1718959
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Anonymous 2017-01-09 05:50:37 Post No.1718959 [Report]

>>1718939

Business owners are protected by an LLC.

Student loans are backed by the government, thus will become child support sooner-or-later.

Anonymous 2017-01-09 02:36:08 Post No.1719446
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Anonymous 2017-01-09 02:36:08 Post No.1719446 [Report]

I have almost a mill in debt. It's all against rental properties, easy to do actually.

Anonymous 2017-01-09 02:50:21 Post No.1719485
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Anonymous 2017-01-09 02:50:21 Post No.1719485 [Report]

File: akari shrug.jpg (6KB, 204x204px) Image search: [Google]

6KB, 204x204px

I know people with over 200k in student debt alone

Anonymous 2017-01-09 11:37:08 Post No.1720654
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Anonymous 2017-01-09 11:37:08 Post No.1720654 [Report]

>>1719446
Yeah but you got 1 mill in assets and rent income to compensate

I think op meant net worth

I'm aware that Imgur.com will stop allowing adult images since 15th of May. I'm taking actions to backup as much data as possible. Read more on this topic here - https://archived.moe/talk/thread/1694/

I'm aware that Imgur.com will stop allowing adult images since 15th of May. I'm taking actions to backup as much data as possible.
Read more on this topic here - https://archived.moe/talk/thread/1694/