Even if it loses 90% of its value it’s still a win if the money came from credit cards you never paid back. Although the couple of hundred bucks you get might not be worth the hassle
You will also be unable to take out any debt upon release. It’s difficult to get credit as a released felon without a history of defaulting on debt.
So, being generous and saying that he sees a 4% return on his investment, he’ll have slightly more than he went in owing, and will be completely unable to even get a car loan, a decent job, or place to live.
He will have turned 0 dollars in to a lifetime of hardship.
Tubics@lemmy.world 2 years ago
Even if it loses 90% of its value it’s still a win if the money came from credit cards you never paid back. Although the couple of hundred bucks you get might not be worth the hassle
Wogi@lemmy.world 2 years ago
You will also be unable to take out any debt upon release. It’s difficult to get credit as a released felon without a history of defaulting on debt.
So, being generous and saying that he sees a 4% return on his investment, he’ll have slightly more than he went in owing, and will be completely unable to even get a car loan, a decent job, or place to live.
He will have turned 0 dollars in to a lifetime of hardship.
Sotuanduso@lemm.ee 2 years ago
Correction: He will have turned 0 dollars into a lifetime of hardship and a few hundred dollars.