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    So I am a college student. I found out you could get loans of multiple hundreds of dollars. I recently had a 800 loan. I cannot pay it back. I will have to default on it. I recently found out the biggest consequence of default is bad credit or possible stuff taken. What would happen if I took out another 800$ personal loan from someone else. Using the money for spending money on food and entertainment. I probably won't pay this one back either. Is there anything I am missing that is a severe negative consequence of this all? Worst comes to worse, when I graduate college, I'll be making at least 50-60k so paying these back won't be the hardest thing in the world.

  • #2
    Originally posted by jhoya101 View Post
    So I am a college student. I found out you could get loans of multiple hundreds of dollars. I recently had a 800 loan. I cannot pay it back. I will have to default on it. I recently found out the biggest consequence of default is bad credit or possible stuff taken. What would happen if I took out another 800$ personal loan from someone else. Using the money for spending money on food and entertainment. I probably won't pay this one back either. Is there anything I am missing that is a severe negative consequence of this all? Worst comes to worse, when I graduate college, I'll be making at least 50-60k so paying these back won't be the hardest thing in the world.
    remember when u said you get scared of a wayne verzuz battle?

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    • #3
      Originally posted by WeEeEeEzZzZyYy View Post
      remember when u said you get scared of a wayne verzuz battle?
      lol yeah why

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      • #4
        Originally posted by jhoya101 View Post
        lol yeah why
        You’re scared

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        • #5
          Originally posted by jhoya101 View Post
          lol yeah why
          you need to overcome that fear before u be making loans out here

          Comment


          • #6
            Originally posted by jhoya101 View Post
            So I am a college student. I found out you could get loans of multiple hundreds of dollars. I recently had a 800 loan. I cannot pay it back. I will have to default on it. I recently found out the biggest consequence of default is bad credit or possible stuff taken. What would happen if I took out another 800$ personal loan from someone else. Using the money for spending money on food and entertainment. I probably won't pay this one back either. Is there anything I am missing that is a severe negative consequence of this all? Worst comes to worse, when I graduate college, I'll be making at least 50-60k so paying these back won't be the hardest thing in the world.
            your credit score will become low making it super hard for you to buy things in the future - like a crib etc

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            • #7
              Taking out another loan when your already defaulting in another loan is a completely brain dead thing to do (no offence) you dont fight loans with loans your just digging a bigger and bigger hole




              #FREEVELVET

              Comment


              • #8
                Originally posted by jhoya101 View Post
                So I am a college student. I found out you could get loans of multiple hundreds of dollars. I recently had a 800 loan. I cannot pay it back. I will have to default on it. I recently found out the biggest consequence of default is bad credit or possible stuff taken. What would happen if I took out another 800$ personal loan from someone else. Using the money for spending money on food and entertainment. I probably won't pay this one back either. Is there anything I am missing that is a severe negative consequence of this all? Worst comes to worse, when I graduate college, I'll be making at least 50-60k so paying these back won't be the hardest thing in the world.
                damn bruh
                what about a part time job??
                but i know its hard in these covid times

                Comment


                • #9
                  Originally posted by jhoya101 View Post
                  So I am a college student. I found out you could get loans of multiple hundreds of dollars. I recently had a 800 loan. I cannot pay it back. I will have to default on it. I recently found out the biggest consequence of default is bad credit or possible stuff taken. What would happen if I took out another 800$ personal loan from someone else. Using the money for spending money on food and entertainment. I probably won't pay this one back either. Is there anything I am missing that is a severe negative consequence of this all? Worst comes to worse, when I graduate college, I'll be making at least 50-60k so paying these back won't be the hardest thing in the world.
                  do you know what a enforcement agent is?

                  Comment


                  • #10
                    It might be time to buy a ski mask

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                    • #11
                      Originally posted by Zimmie View Post
                      Taking out another loan when your already defaulting in another loan is a completely brain dead thing to do (no offence) you dont fight loans with loans your just digging a bigger and bigger hole
                      this 100%, I learned this shit the hard way with credit cards

                      Comment


                      • #12
                        Originally posted by jhoya101 View Post
                        So I am a college student. I found out you could get loans of multiple hundreds of dollars. I recently had a 800 loan. I cannot pay it back. I will have to default on it. I recently found out the biggest consequence of default is bad credit or possible stuff taken. What would happen if I took out another 800$ personal loan from someone else. Using the money for spending money on food and entertainment. I probably won't pay this one back either. Is there anything I am missing that is a severe negative consequence of this all? Worst comes to worse, when I graduate college, I'll be making at least 50-60k so paying these back won't be the hardest thing in the world.
                        Can your parents not help you out ?

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