debtors prisons

[Sparky]

seem to be making a comeback in the us of a. As having accumulated a certain amount of debt this makes me nervous

from npr/cbs and thinkprogress.org

More than a third of all states now allow borrowers who don’t pay their bills to be jailed, even when debtor’s prisons have been explicitly banned by state constitutions. A report by the American Civil Liberties Union found that people were imprisoned even when the cost of doing so exceeded the amount of debt they owed.

Debt collection is a lucrative business — the industry is set to grow 26 percent in the next three years.

The Federal Trade Commission received more than 140,000 complaints related to debt collection in 2010. That's nearly 25,000 more than the previous year.

anybody remember that "kidsforcash" stuff? Prison industrial complex is coming for ya **** i wish i was born upper class.

[Dr_Rez]

[Surell]

the borrower's debt is the only regret of my youth.

[Sparky]

@dr rez, i hope you looked at the pic at least

[djchameleon]

If your debt is school loan related, I don't think you have to worry about it.

[Burning Down]

I didn't know the USA was still in the Middle Ages.

[Sparky]

Originally Posted by djchameleon

If your debt is school loan related, I don't think you have to worry about it.

that's a good portion of it, not so worried about the federal loans, more so the private ones-i expect them to come at me with the full extent.

@burningdown

I'm hoping to get out in the forseeable future (though that vision is getting hazy)

I remember being on wellfare in DK and covering a two bedroom apartment with cable, a deck, over looking a lovely park. Here even with all my loans i got roughly 100$ back on my tax return. No doubt need to get out its a sinking ship

[Circe]

It's a funny world when people can get thrown into prison for owing a couple of thousand dollars to men who cheated the world out of millions and got away scot-free.

[djchameleon]

Originally Posted by Sparky

that's a good portion of it, not so worried about the federal loans, more so the private ones-i expect them to come at me with the full extent.

Most of the stories that I have seen/heard have been for smaller amounts like just a high hundreds/few thousands.

I haven't heard of any cases reported of people getting thrown in jail over private school loans.

[Scarlett O'Hara]

Originally Posted by Circe

It's a funny world when people can get thrown into prison for owing a couple of thousand dollars to men who cheated the world out of millions and got away scot-free.

This. The bastards.