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[-] FlyingSquid@lemmy.world 2 points 1 year ago

And they'd send you to a for-profit collection agency to charge you huge amounts of interest on any debt they decide you have, which you can't contest except by going through arbitration. And the corporate side always comes out on top in arbitration.

[-] Maggoty@lemmy.world 2 points 1 year ago

Oh no, they can't leverage bench warrants for subpoenas they never delivered if they go with Arbitration. In court they get the cops to haul you in after you lost because you didn't know you had a court date, and the judge just orders you to pay a monthly amount that bears little resemblance to your finances. That's because they do them in batches and there's about a minute to argue your case against the Judge's golf buddy. Then when you can't pay you keep getting sent to jail.

It's already just a matter of time until we bring debtor's prison back officially and force people to "work off their debt". Which will, of course, be impossible to achieve.

[-] FlyingSquid@lemmy.world 3 points 1 year ago

It’s already just a matter of time until we bring debtor’s prison back officially and force people to “work off their debt”.

Oh we're already there.

[-] Maggoty@lemmy.world 2 points 1 year ago

Oh yes but we can't call them debtors prisons or workhouses yet.

this post was submitted on 16 Sep 2023
420 points (96.5% liked)

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