/biz/ - Business & Finance

>>57547926
The bailiffs will give you a spanking.

>>57547931
can't squeeze blood from this turnip

I am. I just maxed out my credit line of $30k and I bought efferiums with it. I have no intention of paying it back

Already did.
Debtmsxxed $200k
>Inb4 how
4 years of good goy status using my credit cards to pay for everything

>>57547926
>just took on a $750k mortgage
Get on my level nigger

>>57548095
>buys a 750k shitbox instead of 750k of crypto
far above your level nigger.

>>57548102
>4000 sqft mansion
>10 acres of land
>95% non hispanic White
>price dropped by half since it hit the market
yeah a real shitbox. woe is me.

>>57547926
I actually am, im preparing fully for the halving. After im done all my bags (btc, matic, link, eth, agrs, icp, sol and xrp) will be full and i will finally make it

>>57548153
>4000 sq ft
>mansion
HAHAHAHAHAHAHAHA

>>57547926
I kinda am. But I do have over $300k total credit limit that I haven't touched.

>>57547926
Because I still want to keep my balls and not sell them to pay off a $200 debt, why do you think I expect BIGMIKE to stick his dick in me to pay for food?

>>57547926
Can someone sell me on debtmaxxing. I guess you just aren't supposed to ever give a fuck about your credit score right?

To any anons who have debtmaxxed or are currently debtmaxxing, what was your credit score when you started?
What did it look like after?

>>57547926
because i already did 3 years ago after the fake and gay election

>>57549553
basically as long as you debtmaxx only credit cards and not personal loans theres zero recourse for kikes to ever get your shit back and you get away 100% scott free. take advantage of the nigger laws they made for credit cards before the kikes realize whites are abusing the spirit of the law and they change the laws to make credit card debt secured by assets.

even if you dont want to debtmaxx forever and want y our good goy score back after a year, there is no reason to not debtmaxx because after 6 months the banks immediately offer a settlement for 75%. so you literally shave 25% of your debt just by acting like a nigger and not paying. if you hold out longer, after a year or so they start getting desperate an offer you 60%, 50%, 40% etc. im 3 years into my debtmax and the debt collectors and banks are offering me "limited time chance to settle" offers now in their 10th iteration where they are offering like 15% of the balance to call it even. thats literally an 85% discount. literally only a retard would ever maintain a good goy score and not debtmaxx in this economy. of course im not advocating you go on a spending spree buying spinner rims for your hooptie like a nigger with the money. you should be investing it into good assets that will outperform inflation by 3x minimum. this is literally the only way to survie and tread water in modern america. if you dont debtmax you are doomed to a life of wagecuckery servitude. just look at all the kike elites. they didnt get there by following the rules. they got there by being kikey and jewing the system and cheating at every step of the way. thats the secret to life anon, good luck.

>>57547926
because debt is a promise on the future, aka some made up bullshit. i deal in reality, anon

I am debtmaxxing Canuck.

10k Line of Credit maxxed
36k Credit Card maxxed
22k Student loan on Ontario Repayment Assistance plan, I play $29 a month over the last few years

Total Debt: 58K CAD

Total Crypto holdings: 17K distributed between BTC, ETH, LINK and CRO, with a few hundreds in RLC, SOL, AVAX and other assorted shitcoins.

Also I've wasted several thousands of dollars on video games over the last couple years, my only vice this year was Tekken 8 Ultimate edition. But it's ok because I used the Jade crypto.com card for it.

Am I finally going to destroy all my debts and take profits this bullrun or what? Waiting to cash out in Sept/Oct 2025.

Deflation soon.

>>57549580
amazing image

>>57547926

sure did. Mortgaged my house and took multiple cash advances to buy the bottom in 2022.

>>57549580
780 down to 560 (you didnt ask but currently 5 out of 7 years), but I abused the eviction delay shit during chink aids while simultaneously maxing credit cards

Funny thing is I was denied a loan for a used car despite having fairly good credit score. Kinda part of the reason I went for it

Idk having any form of debt feels like shackles around my neck never again

>>57547926
Interest rates are high. I've got $100k debt in a 2.6% interest mortgage, $700k in assets.

>>57549728
what assets can you possibly purchase with a credit card?

>>57549728
why not abuse personal loans?
>t. 0 assets to confiscate

>>57551993
Just charge yourself to your own square card reader, cost like 2% but you can get total cash value

>>57552011
man that's genius. i had a couple of vanilla visa gift cards, but i couldn't transfer the value to crypto/paypal. this didn't even cross my mind.

>>57547926
im bitcoinmaxxing.

>>57548102
>>57548095
LOOOOOOL YOU JUST SIGNED AWAY 30 to 40 yeas of your life bound by WAGE SLAVERY.
if you just had bought bitcoin then you'd be looking at 10 years of waging max.

>>57547926
>why aren't you debtmaxxing anon?

I fully endorse debt maxxing for investment purposes. It got me to where I am today (6mil) from basically nothing. Maxed out cards, loans etc last cycle.

Just make sensible plays, don't spunk it on -EV shit. Be patient, make sure you can service the debt in the meantime, and look for a pay off in a year or few.

>Debt when interest rates are high and recession about to hit bro

>>57550679
cause inflation is all-time up, retard, bidenomics fucked us all and now we are struggling to get decent credit, according to truflation US reported inflation is 3.4% eoy

>>57552714
>make sure you can service the debt in the meantime
that's not what debtmaxxing is though

Just take out a DOGE loan and sell for USDT on margin. No one cares if you default on DOGE or any other shitcoin.

What’s the best credit card for debtmaxxing? One that is too cucked to take shit away from you?

>>57552897
>debtmaxxing
>worrying about interest rate
I think you're lost

>NOOO BUT YOU HAVE TO PAY THE PRINCIPAL TO THE JEWISH BANKS LITERALLY DEVALUING YOUR CURRENCY AND MAKING CREDIT UNUSABLE SO THEY HAVE THEIR SALARIES TO CONTINUE MAKING IT UNUSABLE NOOOOO!!!!!!!!

Pleasantly surprised that most of /biz/ is smart enough to debtmax in this environment. Meanwhile normies fantasize about paying off 2% interest loans even if it means giving up all their liquid capital. You couldn't get more than minimum payments out of me for a loan like that even if I won the lottery.

>>57555992
we need to keep it within our circles though, if normies start understanding how free the money is credit card companies are gonna rug us before we rug them.

>>57549817
What did you waste all that credit card money on? Credit card debt is no joke anon.

Personally I only have ~$250k CAD left on my mortgage, no debt other than that.

>>57547926
18mo no interest CC checking in

>>57557001
They are physically incapable of understanding. The typical response is "for me the emotional value of having 0 debt is worth it"

>>57557225
every single action you take, every motivation, all agency you think you have in this life is for one purpose: to elicit a desired emotion

I have a question, I'm going to buy a house this year and once I close on the house can I just take completely tank my credit? Like keep paying my mortgage/utilities/etc but just max out my credit cards and buy crypto?

>>57557621
Sure but it takes a legitimate NPC to think paying off 2% debt is rational when you can get over 4% in a savings account. The fact that I've seen people try to argue it's a perfectly reasonably financial decision because of "emotions" will never stop being hilarious to me.

>>57557653
No because now you have an asset on the line. You'll get repo'd when you try to debtmax. This strategy is for NEETs who don't have anything to risk.

>>57557747
they can't take your primary residence as payment for an unsecured loan (credit cards)

>>57547926
Im not jewish hell even jews cant get away with debtmaxxing these days look at Bankman-Fried

>>57550679
Its incredible how wealthy biz is. Visit any other board and it's 4 or low 5 figure net worth squalor as the norm.

>>57547926
idk how. I make very little money and live at home, no assets. who would be dumb enough to give me unsecured credit lmao

>>57547926
I’m past the point where any bank would give me a loan

>>57552144
in this market he will only make a profit
depends on the type of mortgage as well
numerous refi etc

>>57559143
Just hire a credit repair agency

>>57547926
i am

>>57547926
>The rich rules over the poor, and the borrower is slave of the lender.

Proverbs 22:7

They are literally giving out Bitcoin for free.

>>57552944
Never said otherwise you sperg qt
>>57558060
I don't feel remotely wealthy

>>57548095
>>57548153
post a pic of your house

>>57560859
if I owe the bank $100 thousand, that’s a big problem for me. if I owe the bank $100 million, that’s a big problem for them kek.

>>57547926
I'm completely against getting into debt. I either pay it upfront or it doesn't happen

>>57547926
making minimum payments for years and will continue to do so until I make it or lose my job
if I lose my job I'll start europoor studying and filing for debt restructuring
catch me if you can

>>57551993
>>57551993
>what assets can you possibly purchase with a credit card?

well, YOU should probably start with buying a book to up those IQ points

>>57552001
if you have no assets to confiscate then by all means do it. but if you are a wagecuck who relies on an employer to pay you through the kiked system, then personal loans can possibly lead to garnished wages if you default and they file a lien on you. credit carts are unique in being literally nearly unrecoverable by the lender. there are a ton of laws that let you discharge credit card debt with no penalty even if you get sued, you can just file bankruptcy and wipe your debt clean if its credit cards. personal loans are more complicated and can be forced on repayment or lien or asset seizures even after bankruptcy if depending how you file and what documents you provide during the process

I could use a guide.

>>57561315
why even bother? if the min payments are significant just stop paying and let them offer a payment plan of like 1% of your current minimum payment. just do what they do and restructure your debt so it inflates away

>>57562192
in my corner of europooristan debt can be collected by the government and they will garnish your wages to do so
however, they can't garnish the government sponsored student allowance and student loan

>>57549728
But what if i get enough money to buy a house anon?

>>57561878
Lets say i have 10k credit card debt and 100k cash money. How do i get away with not paying it back?

Banks won't loan me money because I am suicidal.

>>57560859
this was probably true before there were bankruptcy laws and the elimination of debtors jail

>>57547926
It's retarded. You borrow a few tens of thousands of dollars and then permanently destroy your financial life thereafter. It's not a cheat code. It's literally what most poor people are already doing.

>>57562327
Same except I also have no job or assets. They won't even give me a credit card.