Comment on Paying consumer debts is basically optional in the United StatesparentComments−antisthenes3yIt's optional, because for a lot of smaller debts (<5000) they won't bother suing. They'll sell it for 0.1x cost to a collection agency and move on.They get to mark it 90% of it as a loss on their balance sheet and pay less taxes as a result.
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It's optional, because for a lot of smaller debts (<5000) they won't bother suing. They'll sell it for 0.1x cost to a collection agency and move on.
They get to mark it 90% of it as a loss on their balance sheet and pay less taxes as a result.