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/biz/ - Business & Finance

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55260636 No.55260636 [Reply] [Original]

Have not kept up with it.
Is the best system still CC to gift card to crypto?
I just got 250k in fresh lines, looking for the best exit.

>> No.55260655

>>55260636
your literally retarded or bait, if your young the banks WILL come after you, i guess you can debtmax if your 70 years old and just yolo.

>> No.55260673
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55260673

>>55260655
Second time around the block newfag. They have short memories and you are just angry because you are stupid and wage for your money.

>> No.55260704

>>55260655
>Nooo you can't ignore their letters for 7 years before doing it all again because... Well you just can't!

>> No.55260711
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55260711

>>55260704

>> No.55260717

>>55260636
>>55260673
based
how did you reset after debtmaxxing?

>> No.55260739

>>55260655
I'll have changed my name and moved to Thailand before they can reach me

>> No.55260771
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55260771

>>55260717
I did it in 2016 and backpacked through SE Asia.
They literally just wipe everything, it is like it never happened and they believe any bullshit number you put in for income.
Bought mostly ETH and LTC but pissed the ETH away too early. Back in those days you could buy crypto direct with your CC.

>> No.55260882

>>55260636
Debtmaxing is a meme. It's going to be hard to funnel hundreds of thousands of dollars into crypto with it being traceable. Since normies know about crypto, they're going to be out for blood scouring your transaction history. It's also hard to claim you lost all your money since gains and losses on crypto are taxable and have to be reported to the IRS. This mindset of having to steal a finite amount of money that will only last a couple years is peak NGMI. If you were actually going to make it, you would look to the future and how you're going to grow.

>> No.55262557

>>55260655
1. They don't even want to come after you a lot of times they just sell your debt to some third party who goes after you.
2. They can't do shit if you declare bankruptcy assuming you're willing to live with those consequences.
3. If enough people default at the same time they just go insolvent and then no one cares.

>> No.55262567

>>55262557
In my country, after 5 years of nor paying you can get credit again

>> No.55262575

>>55262557
>just go insolvent and then no one cares
Lol you are so wrong. You still own money to creditors even if the company is bankrupt.

>> No.55262588

>>55260739
>I'll have changed my name
...and gender?