/biz/ - Business & Finance

>>12009572

>>12018238
Will this pop before the student loan bubble?
Also 750 credit score here am I doing okay for 26?

>>12018238
Yes. I also let my bank account balance go negative and they shut down my bank account, reporting it to a credit agency.

>>12018273
Based

>>12018289
Who cares faggot
Are you knowledgeable about bank loan investing? I would enjoy a thread about that. But somehow I suspect it's just going to be losers whining about their student loans

>>12018238
AW DUDE!

I HURT MY LEG, BRO! THEY GOT ME ON THESE PILLS, MAN!

>>12018238

Me

£14,000 in unsecured debt

No house owned
No physical assets apart from a beater car

All actual wealth either on the blockchain, in a hidden safe not at my usual place of residence or abroad.

Fuck those kikes.

>oh no I will lose some good goy points on my credit rating

>>12018238
>paying credit cards
Murrifats are so incredibly dumb. My credit card is balanced at the end of each month. The only debt I ever had was 10k for a car because I knew the price was never going to be as low again and I could sell it for more now.

Credit crunch incoming. I think crypto is to blame, in part. Those guys underestimate the impact of crypto in bursting the bubble.

>>12018238
It rose from 2.1 to 2.5. The historical chart looks like this. You're all a bunch of hysterical pussies.

>>12018289
how would the bubble pop when you can't dismiss the debt in bankruptcy?

>>12018390
Great contribution you dumb faggot. If you want a good thread then start with something insightful, not some nigger-tier "gib me dats" demand for content.

>>12018479
pretty fucking pathetic it can even be that high when you consider this chart

>>12018534
Oh I'd love to see your poltard-tier mental gymnastics explain how these two charts have any strong correlation. Let me guess: recession next week due to inversion right? Fucking retard.

>>12018493
If it never gets paid back the bank loses their money. Bank is making an investment in you. They can only garnish so much of your wages if you're working at Burger King.

Is this why my credit score keeps going higher? They've run out of suckers?

>>12018565
doesn't matter, since it can't be dismissed it will follow you around for life while they pile on late fees, the only way to escape would be to live like a hobo without a job or bank account.

>>12018552
there is 5x more base money now to pay off old debts

Have £4000 on an interest free card... So no big deal.

Had a lot of must spend shit though...

>>12018493
There will soon be laws that limit this bankruptcy protection to 5 or 10 years after graduation.

>>12018595
>there is 5x more base money now to pay off old debts
Oh, you're right, how could I have missed that every dollar bill I had split off into 5 separate dollar bills. You majority of QE went right into buying back treasuries from the hands of major institutions and countries, who then reinvested that money into equities and other markets. QE doesn't mean "let's just shoot a bunch a money into the air and let it land wherever"

>>12018583
I guarantee most of that money will never be paid back and the banks will find themselves in a shit situation. The student loan equivalent of mortgage-backed securities are probably being traded by banks as we speak. It's just a game of hot potato for them.

>>12018444
Nice larp, europoors can't even afford cars lmao

I got all the loans that came my way and put that shit all into crypto. Now its just time to wait until it all pays off.

>>12018609
>he thinks politicians will pass a law that is disadvantageous to the bankers

yeah ok, you can stop paying your student loans based on politicians promises and see what happens.

>>12018618
Size of loans and debt are about the most literal symbol of the end of the credit cycle. How old are you?

>>12018583

actually almost all debt falls off your credit report except for certain federal loans like federal student loans.

all private CC debt falls off in max 7 years

>>12018238
No I always pay my (((credit card))) bills on time. Thanks mr.Shekelsteinerberg! I appreciate you lending me your monopoly money!

0 deb europoor here,

i make 100E a week daytrading

im gonna make it?

>>12018637
I know that, but we are talking about student loans here, which you acknowledged do not fall off.

>>12018238
Looks like they won't have money to pump our shitcoin bags.

>>12018432
Your "wealth" on the blockchain drops >5% every day. But yeah, fuck the kikes.

>>12018289
student debt will never pop. its a low interest loan from the government. they keep track of you until you die.

>>12018635
Look at the chart I posted you fucking retard. I understand this is going to be your first recession as big boy with money to lose, but a couple of niggers going broke and bumping delinquency up 50 bips isn't going to spell the end of the world. Spastic child.

>>12018660
How much of other peoples money you still have in the market, economist master?

200k in student loan debt 100k in credit card debt I used all of it on crypto which today it’s worth 8k. I don’t make the payments. am I doing it right biz

>>12018658
Federal loans are not enough for many retards who also take out private loans. If it was entirely government gibs I would be extremely pissed because that is literally my hard earned money getting blown on shrooms and natty light.

>>12018707
Perhaps someone would have thought twice about giving this much credit to 19 year olds then?

>>12018723
And thus we finally reach full circle. scroll up, desu. This entire discussion has been about which bubble will pop first. Banks should be more careful but if they're going to bundle loans up and dump their bags on another bank then who gives a fuck? Oh yeah, the money that bought these toxic bundles was backed entirely from your 401k target fund. Guess you'll be working for Mr Shekelberg until the day you die. By the way, the fed just printed billions of dollars to bail the banks out, further diluting further any fiat you have in your bank account. Sucks to suck, goyim.

>>12018821
Yeah, say goyim in your blogs more, edge lord

>>12018658
The student loan debt is definitely going to pop because so many people who don't deserve to go to college, going to overpriced colleges, getting worthless vanity degrees that can't net a decent job. Just because they made it so you have them till you die doesn't mean it cant pop.

The mantra that everyone needs to go to college for the last few decades is one of the most dangerous things (((they))) want the plebs to believe.

>>12018500
ooga booga click clack where the content at

>>12018878
Spotted the Jew. Sorry for exposing your scam on an Albanian potato-farming forum, but the people have a right to know.

>>12018238

im waiting for the bull run

>>12018238
This doesn’t surprise me at all. Soon walking around with 5 figures of credit card debt will be the norm. People just won’t care anymore. Credit card companies will literally have to start laying people off and closing shop

>>12018238
It was me, they settled for 10-25% after I stopped paying. I was pretty mad at myself for not stopping paying them earlier.

>>12018919
I am not exposing any scam. This is well known. If this is news to you, you really are a retarded natty lite redneck. Which cousin are you bedding tonight?

>>12018958
shut the fuck up.

>>12018958
It is not well known if people here are still debating on whether or not the student loan bubble will pop. It absolutely will, it's only a matter of time.

yes, i have most of my cards nearly maxed right now in preparation for the impending collapse. might as well cash in on the free money while you can

>>12019052
Put every last penny into Chainlink.

>>12018951
how do you begin this process? and whats your good goy point score right now? and when does the slate get wiped clean

>>12018394
Top kek

>>12018238
30k in personal credit card debt. Feelsgoodman.jpg

If it is used for good purposes (ie. business and professional development), then debt hardly matters.

If you use it for hookers and blow, then your doing it wrong.

>>12019140
I wouldnt really recommend it. Im self employed and own a home so my good goy score doesnt mean much to me. I think its 580 maybe, Im afraid to look, it could be better after I settled with them. But it went like this
>Use ccs / paypal bill me later
>income drops, stop paying, offer to do a payment plan, they all say no except Amex
>3 months after last payment to company, they sell the debt to a debt collector
>get calls/letters regularly wanting money (you can technically legally ask them to stop but i just ignored it)
>1 year later get 50% off letters, asking to settle
>2-3 years later get letters offering to settle for 10-25% in exchange for a one time payment
I only settled because I own a couple houses but my state laws meant they wouldnt be able to sue me after x years so they were running out of time to sue me or get nothing. Even if they sued me they could only go after equity in my house beyond like $100k or bank accounts with over $5k in em. Most were with debt collectors, Chase settled directly for 10% after debt collectors failed to collect. If I didnt own a house I would have just left the country and waited for it all to blow over. I also settled because I made money with crypto and was afraid of going to court and them seeing my bank balance.

If anyone has debt in debt collections, just google the collection name and look for ppl saying what they settled for and you know what you can offer them or just wait for the letters. Also google them to see if they sue people and check local public records to see what amounts they usually sue for. Ive seen documentaries where people kill themselves over debt but its honestly not as serious or scary as it seems.

Maxed out on $7k credit, $50k student debt. I only pay minimum cuz wagecuck. Hopefully I'm contributing to financial collapse because any free income is spent on lsd and crypto

>>12018658
My sallie mae loans are 10%, discover is 8%. Federal student debt is 4.5% so sure

When do collections agencies start suing you?
I have had multiple accounts turned over to collections agencies since 2016, lmao

>>12018238
we are all going to the Trump(TM) Salt Mines
kek

>>12019469
I was waiting for you to appear in this thread. Are you really RKG? People were saying a few days ago in multiple threads, that you had died.

>>12020176
>asking a liar if he is lying
excellent strategy there

>>12018238
Is that Lord's?

>>12018432
How the fuck did you get in that much debt?

>>12019290
based. if we all coordinated to do this at the same exact time it would crash the system

>>12018238
no I use mine just to earn cash back and pay it off throughout the month. just got $600 cash back from an introductory offer.

>>12018534
Show the money velocity chart ... love that chart

>>12020209
Sometimes it's possible to detect the real RKG by the was she/it writes. Some impersonators try to mimic the style but often they fail.

>>12018289
You can never get out of student loan retard. Lay in your grave tryhard

>>12020534
So I mean, it's not like I would blindly trust the answer alone, but the text in the answer may potentially give a clue.

>>12020560
I don't have student loans, retard. The bubble will pop. It's not sustainable.