/biz/ - Business & Finance

>>23057052
accelerate

>>23057052
>credit card debt that I will never pay off
How do you plan to pull that off?

>>23057052
Your credit rating will be raped. Good luck with home ownership.

>>23057089
by not paying it

>>23057118
What if he already has a home?

>>23057089
You can literally tell them to go fuck themselves at any time. Banks won't give you shit if you don't have a good score, you can build one in a couple of years by paying everything on time with an average income, after they trust you enough you can cutthroat them

>>23057118
i will only purchase a house when i can buy it in 100% cash
and that cash will be no more than 10% of my liquid net worth

>>23057052
based fraud anon

>>23057162
Hit them hard anon, do it for justice

Isn't insurance based on credit rating too? What other ways to the jews have us cornered with our Personal Jew Score?

the classic mde shooter plan.. you can safely do this if you have 0 assets, live with friends or family and >>23057072 accelerate by taking out cash advances or straight out buying crypto with credit cards off crypto.com. some issuers still let that. also credit lines.
pretty sure there's a threshold under which they won't pursue legal action for the loan. I doubt they do anything substantial for anything under 100k.

it's risky if you do a big amount, say >100k and have relatively liquid assets that can be seized like stock market investments.

>>23057283
>never purchase health insurance
>mfw all medical bills go straight to the garbage bin

>>23057330
but again that risk is only after many months of failed collection and probably a lengthy legal and settlement process so plenty of time to exit scam

>>23057348
>rent is under gf's name
>car i purchased p2p paid in all cash never registered
>100% of net worth is in crypto and PMs
>mfw im literally untouchable

>>23057330
>sued for credit card debt
>"lol it was your choice to give me money for no collateral, you took the risk of not getting it back and I didn't promise I could pay it back, isn't that why you charge interest?"
>btfo in court lmao corporations get fucked

>>23057337
>>23057371
Dangerously based.

>>23057371
>car i purchased p2p paid in all cash never registered
Dont your police have AI cameras on their cars so every plate gets run through a database? If not very based.

>>23057052
is that really viable?
>rack up debt and loans, put all the money into crypto
>dont pay, go to jail for a couple years
>come out a millionaire

>>23057531
what? i live in the US half of the niggers here drive cars with no license and unregistered guns in their shorts next to their fentanyl pills
>>23057534
you dont go to jail for not paying debt friend
worst they can do is seize your assets or ruin your credit score

>>23057117

>>23057117
holy based

>>23057534
short answer, yes.
there's no such thing as debtor's jail; that's only if you commit fraud. the burden of proof is on them to prove that, how could you distinguish between reckless spending and intent, and whether what OP is doing even punishable.. (delete this thread OP)
also,

>>23057433
this defense won't work, that's why bankruptcy still exists for boomers. however court orders only work on banks, employers, etc. third parties that will willingly turn your stuff back to the creditor/lender.
but if there is nothing to recover or if you yourself don't want to hand over your stuff... there's nothing the creditor can do. That's why crypto is so powerful.
Depends on where your reside but I've seen legal guides which basically state.. if the debtor doesn't want to pay even after several court orders there's nothing that you as a creditor can do. lol, treat it as a tax writeoff. you may be even able to not hide your crypto, but flaunt it in your creditor's face.

>>23057557
Oh okey the police cars in my country have that. Guess it would be much harder in the us since you have alot more population.

>>23057371
Redpill me on the car, how do you pull that off? If it's not registered where'd you get the plates?

>>23057705
bought it from some boomer on craigslist for 13k cash
paid 150 bucks for my mechanic buddy to come with me and check it out
technically the boomer should have reported the cash sale but boomers selling cars on craigslist are generally happy to take the cash and not report it

>>23057640
>if the debtor doesn't want to pay even after several court orders there's nothing that you as a creditor can do.

In other words, they can't do shit, they agreed to give me money without collateral, they fucked up, and it's their problem lmao

>>23057117
how can one man be so based?

>>23057117

>>23057159
they'll take you to court. my sister was summoned to court by discover card after she refused to pay like $10k. she ended up filing for bankruptcy shortly after that.

>>23057117
Based.

>>23057433
>honorable judge shekelberg, personal friends with schlomo coinblatt ceo of good goy bank, bangs his gavel in disgust
>sentences you to 50 years of waveslavery to repay your debts

>>23057640
But wouldn't the credit lender see where your funds were spent? If you have thousands going to binance every month wouldn't they know you're committed credit fraud?

>>23058068
He can sentence my balls and climb my hill to try to claim my assets but all he'll receive is a few ounces of lead at speed

>>23057117
You’re going to seriously regret that when crypto goes defunct

>>23058198
>>23058198
yes I believe they can dig up bank statements or if they can't, they ask you to present your last two year's bank transactions, so unless OP paid for crypto at atms he may not be completely in the clear. however then they have to prove it was malicious intent rather than OP being a retard with his money. in a civil case I don't think they can do anything if OP wants to hold his crypto they can't do anything. They have to up the charges to fraud.
the law hasn't caught up to niche cases like this and won't until it becomes commonplace. it will probably be many many years and some sort of precedent first.

>>23058251
How fucking funny would it be to have a solar flare so huge it shut down the global networks for like 2 weeks.

>>23058339
imagine if OP gets taken to court for fraud and his defense is grypto gud, grypto strong but me lose all grypto on bitmex

>>23058339
>we see here you have send all the USD to crypto exchanges
>yes.
>now do you have any of that crypto you can offer your creditor as repayment?
>no i lost it
>we do not believe you
>ok

take note that if it were a civil case yes they can sure for assets but if you refuse to give up asssets then they take it to criminal court
in criminal court they would have to prove beyond a reasonable doubt that there was intent to commit fraud
so "losing" the crypto due to lack of due diligence would be sufficient to get off not guilty

>>23058686
>now do you have any of that crypto you can offer your creditor as repayment?
>no i spent it on child pornography and darknet heroin
>based
>i know

>>23058686
>>23058739
..sir if you intend to be in contempt of court, and want to hide your assets on the blockchain, we will have to take you to kleros court whereby we can recover said funds off of the blockchain, sir

You are a total moron but based nonetheless.

>>23058745
Kek

>>23057118
>Your credit rating
shut the fuck up boomer

>>23057117

>>23057773
he will tell them u own it at some point

>>23059216

It's true, poorfag

>>23057117
based

>>23057052
dangerously based
what about buying gold and silver? I assume they'd see the bullion site on the statements but you could do cash advance or coin shops

>>23058686
Craig Wright says code is not law, bitcoin miners will have to comply with US law enforcement, they can force you to pay your coins to uncle sam.