It's over.

File: 664 KB, 693x607, 1690578339614839.png [View same] [iqdb] [saucenao] [google]

It's over. Anonymous Mon Jul 31 00:30:11 2023 No.55707137 [Reply] [Original]

40% of Americans are now in a debt cycle which only ends in default. Even incomes over $150k are maxing out their cards to keep up with inflation. This is the Greatest Depression 2.0 incoming. There is no avoiding this.
>Americans Are at Risk of an Inescapable Debt Cycle Due to Credit Card Reliance
>35 per cent of Americans using a credit card believe they will max out at least one of their cards before the end of the year.
>A further 38 per cent state they are now using credit cards to pay for expenses they previously weren’t using their cards for.
>Quicken notes that this could cause many Americans to enter a debt cycle.
>Nearly two-thirds (62 per cent total) of already employed Americans said they are either considering a side gig in the next six months (47 per cent) or currently planning on looking for a second job in the next six months (31 per cent).
>Thirty-one per cent of Americans said if the freeze lifted on student loan payments (which it did, unfortunately), they’d have to cut down on their spending in the second half of the year.
>Thirty-five per cent of Americans with credit cards admit they won’t be able to fully pay off those card(s) before the end of the year. This even applies to the upper class of earners, with an annual income above $150,000.
>Forty-seven per cent of Americans with an annual income above $150,000 plan to diversify their money across more institutions for fear of another financial collapse (compared to 18 per cent of those with a household income below $50,000).

https://archive.is/GyWua

>>	Anonymous Mon Jul 31 00:31:10 2023 No.55707142 >>55707137 Genuinely what the fuck are we going to do, /biz/raelis?

>>	Anonymous Mon Jul 31 00:36:17 2023 No.55707175 just poltard bullshit. literally just baiting bobotards into shorting the market.

>>	Anonymous Mon Jul 31 00:37:53 2023 No.55707183 >muh /pol/ boogeyman and dumb yanks voted for this

>>	Anonymous Mon Jul 31 00:38:04 2023 No.55707187 >>55707175 >facts concerning the building consumer revolving credit crunch are bait doubt

>>	Anonymous Mon Jul 31 00:38:35 2023 No.55707188 >>55707142 If enough people don't pay their debts then it all just goes away. That will teach jews and chinks not to irresponsibly lend to mutts.

>>	Anonymous Mon Jul 31 00:40:50 2023 No.55707204 >>55707142 Say that the debts don't exist anymore. Problem solved.

>>	Anonymous Mon Jul 31 00:40:57 2023 No.55707207 File: 71 KB, 1322x582, f.jpg [View same] [iqdb] [saucenao] [google] >>55707175 >>55707183 >everything is fine picrel argues otherwise no way this is sustainable

>>	Anonymous Mon Jul 31 00:41:33 2023 No.55707213 >>55707137 Very nice. Veeeeeery nice. I can’t wait. :)

>>	Anonymous Mon Jul 31 00:42:30 2023 No.55707223 >>55707137 >Ah geez dood best I can do is 20 dollars

>>	Anonymous Mon Jul 31 00:42:51 2023 No.55707227 >>55707207 When are these niggas gonna turn the printer back on? It needs to go brrrrr already.

>>	Anonymous Mon Jul 31 00:44:47 2023 No.55707235 >>55707204 >>55707223 >You took out a loan. >You pay it back. Why is this so hard for people like you to understand?

>>	Anonymous Mon Jul 31 01:16:56 2023 No.55707429 >>55707137 I wont pay Simple as

>>	Anonymous Mon Jul 31 01:21:29 2023 No.55707462 t. when Supergoy buys that $5,000,000 10br house for $150k which has a property tax of $30,000 but also leases two Rolls Royces and can't figure out where the money went

>>	Anonymous Mon Jul 31 01:21:54 2023 No.55707465 hard times means people will be more desperate which means they will pump our bags

>>	Anonymous Mon Jul 31 01:22:19 2023 No.55707471 >>55707137 and the fed is talking about a soft landing?

Anonymous Mon Jul 31 01:24:58 2023 No.55707489

t.. the journalist who never studied Stats in college and assumes credit card debt is real debt and that somehow people not having enough to pay "credit card debt" down despite making $150,000 are anything but entirely stupid

credit card debt isn't real debt lmao

>>	Anonymous Mon Jul 31 01:26:06 2023 No.55707497 >>55707489 >how can debt be real if our eyes arent real Very auspicious post

Anonymous Mon Jul 31 01:26:10 2023 No.55707498

>>55707462
This, unironically. The ultra high consumer debt is because people like buying nice things and when the process is 1 click of "buy now" or swiping a piece of plastic, why would they ever stop? They're still enjoying luxury goods without feeling any monetary pain.

Anonymous Mon Jul 31 01:27:59 2023 No.55707508

>>55707497

Because it's credit card debt, ie noone gives a shit, you can take your visa right now and spend $3,000 on some bullshit, they'll never sue

Take on some real debt like a real estate development loan, then you'll really understand just how dirty the game is
Until you owe the bank $1,000,000 on some bullshit project, noone really cares, ie cc debt is literally a spook

>>	Anonymous Mon Jul 31 01:28:47 2023 No.55707512 File: 97 KB, 1322x582, image.jpg [View same] [iqdb] [saucenao] [google] >>55707207 >he hasn't taken the debtMAXXX pill

>>	Anonymous Mon Jul 31 01:29:01 2023 No.55707513 >>55707508 How much do you think the interest rates on credit cards are?

Anonymous Mon Jul 31 01:30:17 2023 No.55707521

>>55707498

It's not so much luxury goods, as much as

1. income tax; -30%, from 150k to like 100k
2. interest on some super high income item ie a $5,000,000 mortgage,
and
3. the leases on luxury cars

3. Is probably the biggest, automakers like lexus charge $2k+ for bullshit SUV leases

The margins on new luxury car leases are ridiculous

Anonymous Mon Jul 31 01:31:58 2023 No.55707535

>>55707513

Yes but let's say you care about your credit score, which you should but d on't care about interest, just stop paying, then ignore the calls and in like a month theyll send you a letter called a "settlement agreement" and suddenly theyve forgotten your interest and will settle for 40% of the total debts ie $1,2k on $4k

Cc debt is a meme

>>	Anonymous Mon Jul 31 01:35:08 2023 No.55707552 >>55707521 Thats what I'm saying; if you can't make $150k work anywhere in the US you're buying shit way beyond your budget. Thats what I was referring to as luxury goods.

>>	Anonymous Mon Jul 31 01:36:59 2023 No.55707562 >>55707552 The people who are broke at 150k spend like $700 a night several times a week at 5 star restaurants, they are essentially 50iq orbitters

>>	Anonymous Mon Jul 31 01:37:31 2023 No.55707566 >>55707137 Over for retards who can’t budget.

>>	Anonymous Mon Jul 31 01:39:00 2023 No.55707574 >>55707562 Oh I know. My brother is one of them. $400 a week on booze at a bar, just doesn't cook, got a brand new top of the line truck and complains about not having spare cash to do anything.

Anonymous Mon Jul 31 01:41:05 2023 No.55707592

>>55707574

It's more psychological than it is being purely stupid

I see it as a mental disease, some people get wrecked by desiring to be what they were in higschool or trying to forget who broke up with them etc

I was there, I once spent $400 at a bar, but once isn't every day
Some people do it every day, it shouldn't be that way, but they do and it's psychological

>>	Anonymous Mon Jul 31 01:41:32 2023 No.55707598 >>55707566 so its over for america?

>>	Anonymous Mon Jul 31 01:43:04 2023 No.55707610 >>55707137 >oh damn >debt slavery >how did that happen :^)

>>	Anonymous Mon Jul 31 01:47:39 2023 No.55707638 >>55707137 How is it over? The system is working as designed.

>>	Anonymous Mon Jul 31 01:48:03 2023 No.55707640 >>55707610 this epic foreclosure on everything by the banks to maximize real asset consolidation

>>	Anonymous Mon Jul 31 01:51:31 2023 No.55707661 >>55707508 Wiping out card debt for delinquents would mean deflation dummy. And delinquents will become bankrupt.

>>	Anonymous Mon Jul 31 01:52:14 2023 No.55707667 >>55707508 You are a fucking retard.

Anonymous Mon Jul 31 01:54:15 2023 No.55707677

>>55707661

No they wouldnt because they never sue

If someone seriously sues you for cc debt then it's a trash bank to begin with, no major bank will sue over debt, not even AMEX

Noone cares because CC issuing banks still have 30,000,000 other suckers paying the 30% interest

The debt is never theoretically wiped but the delinquent gets banned from the bank and everyone forgets about it

Banks only sue over bigger debts, if you somehow convince a bank to lend you enough money to build a hospital and you spend it all and the building is nowhere near done then you're getting sued etc

>>	Anonymous Mon Jul 31 01:55:48 2023 No.55707688 Rate cuts soon Get out

Anonymous Mon Jul 31 01:56:56 2023 No.55707698

>>55707188
>>55707204
>>55707429
Not going to happen because creditors gain nothing from a debt jubilee and they have the political power. Normies will be drowning in debt and starving on the streets and they won't care, instead they'll lobby the government to print money to subsidize the indebted slaves' debts (up until hyperinflation of course).
>>55707489
It "doesn't matter" only because the majority are good goys and pay their denbts. If we do have credit defaults wn masse like OP warns, that would cause the creditors to go bankrupt themselves, so of course they'd start cracking down and likely get the government to intervene like I said above.

>>	Anonymous Mon Jul 31 01:58:15 2023 No.55707703 >>55707137 Defaulting on credit card debt isn't a huge deal. The bank takes an L, you can't get credit for seven years, and you are forced to live within your means.

Anonymous Mon Jul 31 02:01:41 2023 No.55707720

>>55707698

The creditors never go bankrupt because major banks are only major banks on paper,

All of the big banks are actually government entities and the wikipedia pages are fabricated lies ie Mr JP Morgan never existed

Good goys are good goys and exist to make the banks richer. The banks become richer because of the good goys, if 30,000,000 good goys pay 30% on $1,000 of revolving debt that's $900,000,000 in net profit for the bank /year

The big secret is that when a client goes bankrupt the banks never actually ever write the debt off because if they do then they lose money, in theory if all cc holders default the bank would go bankrupt but in reality any major bank which is the government in disguise will hold onto the debt contract even if the person goes missing because then they never go bankrupt

That's why people who do default get banned from the bank but their accounts are only wiped at the credit bureaus, to create the image that the banks are doing well because the banks never actually disclose their purely imaginary losses

>>	Anonymous Mon Jul 31 02:03:17 2023 No.55707727 >>55707703 Just wait till you figure out how real estate development debt is created

>>	Anonymous Mon Jul 31 02:04:13 2023 No.55707735 >>55707137 It might unironically be, this time

>>	Anonymous Mon Jul 31 02:07:00 2023 No.55707755 File: 12 KB, 512x416, 1639574713854.jpg [View same] [iqdb] [saucenao] [google] >>55707137 I literally debtmaxxed my cc to get even more ARKM, you retards can't stop me KEK

>>	Anonymous Mon Jul 31 02:08:26 2023 No.55707766 >>55707755 I hope the bank blocks your cards retard

Anonymous Mon Jul 31 02:08:44 2023 No.55707771

>>55707755

Don't debtmaxx for shitcoins

Only debtmaxx if you have rich parents, if you debtmaxx but are literally paying rent off of a walmart-tier job, that is not the way to go

Ultimately ou want to be in WSOP at a $3,000 buyin and make off with $175k

The banking system is what it is

>>	Anonymous Mon Jul 31 02:08:56 2023 No.55707772 >>55707720 Well if what you say is true, that's really fucking kiked. Like way more than even I thought desu.

>>	Anonymous Mon Jul 31 02:08:57 2023 No.55707773 >>55707703 Most people can't withstand the wait kek

>>	Anonymous Mon Jul 31 02:09:17 2023 No.55707774 >>55707755 Just when I thought cryptotards couldn't be more retarded

>>	Anonymous Mon Jul 31 02:10:19 2023 No.55707781 >>55707137 Lol retards can't live within their means get no sympathy.

>>	Anonymous Mon Jul 31 02:10:34 2023 No.55707783 >>55707137 Good then i can finally buy some cheap assets

Anonymous Mon Jul 31 02:11:07 2023 No.55707786

>>55707772

It's the game, the whole thing is set up the way it is.

You can make it, but you have to seriously figure out how the economy works at the ground level not the bullshit IPO level

Study guys on youtube who made it work like Ben Mallah

We all deserve $15,000,000 houses in our 50s

>>	Anonymous Mon Jul 31 02:11:20 2023 No.55707789 >>55707235 Because fuck the jews.

Anonymous Mon Jul 31 02:14:42 2023 No.55707802

>>55707789

The jews rely on optics to disguise generational wealth.

Ie "I created soem company and sold shares yadayada"

What jews don't want to publish is how many millionaires are made from construction.
Why?
Because if word got out that fucking fatasses like Ben Mallah have $30,000,000+ women would lose their shit and dumb Mark Zuckerberg in 15 minutes

This is why the press / the jew york times never actually cover young guys who become millionaire sin construction

Anonymous Mon Jul 31 02:15:43 2023 No.55707806

>>55707137
>Even incomes over $150k are maxing out their cards to keep up with inflation.

I can maybe understand if you're making $50k, but for 6 figure earners the problem isn't inflation, it's lifestyle creep. I don't care where you are in the country, you can survive without going massively into debt on $150k/year. Even $3k/mo mortgage is only $36k/year, and if you live frugally that is going to be by far the biggest line item on your budget. Add another $3k/mo for other bills and expenses and you're still spending way less than you make.

The problem is these retards are being eaten alive by debt and payments. They have too much house for their income, cars they can't afford, student loans (that they haven't been paying for the last 3+ years while interest wasn't accruing and the balance wasn't growing), solar panel loans, etc.

>>	Anonymous Mon Jul 31 02:17:00 2023 No.55707819 >>55707703 >40% of americans are about to default and won't geet credit for seven years forcing them to live within their means. The entire US economy will collapse.

>>	Anonymous Mon Jul 31 02:17:28 2023 No.55707824 >>55707806 What ultimately breaks the bank are the cars A new 2023 range rover is like $189,000 And if you lease it its like $4,000 a month

>>	Anonymous Mon Jul 31 02:18:13 2023 No.55707829 >>55707137 Crypto going to zero.

Anonymous Mon Jul 31 02:22:56 2023 No.55707854

>>55707824

They're the absolute worst. You buy a $50k new car and you're paying like like $75k total over the life of the loan that ends up being worth like $25k 60 months later when the loan is paid. At least with a house you build equity and it goes up in value over time. Leasing is an equally big ripoff. Doing either are great ways to stay broke your whole life.

Anonymous Mon Jul 31 04:07:47 2023 No.55708494
File: 85 KB, 849x1262, Screenshot 2023-07-31 at 00-04-26 Chase Credit Journey - Credit score.png [View same] [iqdb] [saucenao] [google]

CC debt scares the shit out of me, i grew up with parents that spend nights arguing over piles of bills. luckily, i worked on my building my credit back around 2017. was kinda late getting into CCs because of parents' bad experience, but i'm glad i made those moves. i have like $50K in credit limit, like $30K with chase and $20K with cap one and only use like 10%.

honestly i'm glad i'm not a retard whi
ch isn't hard. even if you don't make it just don't be a fucking retard and fall into debt. i paid like $200 in interest one month and it felt like fucking shit.

>>	Anonymous Mon Jul 31 07:45:27 2023 No.55709314 >>55707207 Inflation reduces the slope to nearly flat.

Anonymous Mon Jul 31 07:59:59 2023 No.55709365

>>55707137
Here is graph showing household debt as a ratio of GDP for the United States. Shit looks fine to me.
>35%
>31%
>38%
So in other words, a minority of people are living above their means and the majority of people are fine.

How the fuck is that any different than at any other time?

>>	Anonymous Mon Jul 31 08:01:12 2023 No.55709374 File: 14 KB, 730x340, united-states-households-debt-to-gdp.png [View same] [iqdb] [saucenao] [google] >>55709365 Yay a graph.

>>	Anonymous Mon Jul 31 08:12:35 2023 No.55709413 Once the US debt hits 33T the crash begins. >source my schizophrenic delusions

>>	Anonymous Mon Jul 31 08:20:36 2023 No.55709434 >>55707592 it is 100% psychological. consoooming is the only thing that makes them feel good anymore.

>>	Anonymous Mon Jul 31 09:48:49 2023 No.55709650 >houses still expensive >cars still expensive >stocks reaching new highs >crypto crabbing sure looks like Americans are struggling with paying their debts

>>	Anonymous Mon Jul 31 11:25:45 2023 No.55710045 File: 630 KB, 1318x450, fredgraph.png [View same] [iqdb] [saucenao] [google] >>55707137 >one of the richest countries on earth >$2k stimulus gibs was enough to max out the personal savings rate fucking kek.

>>	Anonymous Mon Jul 31 11:40:02 2023 No.55710124 >>55707142 Take a few thousands from the bank

>>	Anonymous Mon Jul 31 11:56:47 2023 No.55710223 >>55707137 >Even incomes over $150k are maxing out their cards to keep up with inflation. *to keep up consoooming the bullshit social media feeds them

Anonymous Mon Jul 31 12:22:39 2023 No.55710368
File: 132 KB, 657x527, 1690543447103277.jpg [View same] [iqdb] [saucenao] [google]

I don't understand how can Americans be so hooked on debt. They make the highest salary in average world wide and have the best currency (strong purchasing power).

An American consumer mind in an European body would already be locked up in a cell

Anonymous Mon Jul 31 12:23:31 2023 No.55710370

>>55707806
The biggest non-infrastructural expense is children. They convince themselves that they need to pay $30k a year per kid for school. Take half of that, hire a weekly tutor for the really tough stuff, spend the rest on gas to go to the library and an annual trip to a coastal city for culture ad museums.

>>	Anonymous Mon Jul 31 12:30:43 2023 No.55710394 >>55710370 >private school >$30k/year Ahahahahahahahhahahaha touch grass ahahahahhahahaa

>>	Anonymous Mon Jul 31 12:33:43 2023 No.55710412 >>55707508 so you are sayin' i can just get credit cards, debt maxx and nevre payit back? and no one cares?

>>	Anonymous Mon Jul 31 12:40:05 2023 No.55710441 >>55707137 Build back even better. Release the cyber pandemic.

Anonymous Mon Jul 31 13:17:22 2023 No.55710689

>>55707854
I think banks normalized paying almost in interest as the actual product because monthly payments are so much more palatable. Ever look at a 30 year mortgage re-payment schedule? Its almost as much in interest as the house itself. If your average normie *only* looks at the monthly payment, they don't care if the term is 72 or 90 months, they get a new mercedes or whatever and just have to pay $3500 a month for it and thats where their brain stops thinking.

I get furious every month when I pay my mortgage, I paid $2000 in interest last year. I spread out $2000 cash and just imagined that going to the bank. Essentially setting it on fire. Its why debt bothers me so much and just cannot do it anymore.

>>	Anonymous Mon Jul 31 13:19:30 2023 No.55710705 >>55710368 >They make the highest salary in average world wide and have the best currency We can't get an apartment over here for $400/month like you can. minimum t is $1300 for a shitbox 2 hours from the city.

>>	Anonymous Mon Jul 31 13:25:58 2023 No.55710739 >>55707489 This. Unsecured creditors are gunna be left holding a big bag of shit. I defaulted on my 50k of cc debt when they started the pandemic funny business. Nothing happened at all. >>55710412

>>	Anonymous Mon Jul 31 13:26:58 2023 No.55710746 >>55707508 The underage poltards ITT don't have credit cards and don't get that unsecured debt isn't collected often times because there's bigger fish to fry, that's why the interest rate is so high

>>	Anonymous Mon Jul 31 13:32:55 2023 No.55710784 >>55707137 I don't understand how people can do into debt like that. I've been poor as shit. I literally lived out of a repurposed utility shed. People don't HAVE to do this. I guess they are just tempted because consoomerism. Fuck usury.

>>	Anonymous Mon Jul 31 13:36:28 2023 No.55710817 >>55710784 Debt is a tool. Use it to get what you want. Don’t pay it when you don’t have to.

Anonymous Mon Jul 31 13:40:45 2023 No.55710851

>>55710746

it's not that there's bigger fish to fry, it's that banks dont give a fuck, they still have 30,000,000 other suckers paying the 30% interest off every month

You running away with 50,000 is not worth anything to them when they make like $10,000,000 a day from all of the suckers

Anonymous Mon Jul 31 13:45:40 2023 No.55710895

>be me
>see fed rates are getting stupid high (5.5%)
>apply for a bunch of credit cards
>max out credit cards, converting credit to cash
>invest the cash
>make minimum payments
>0% interest for 18-21 months
>transfer balance at end of term for a 3% fee

my credit score has tanked but idgaf, already own multiple homes

>>	Anonymous Mon Jul 31 13:48:43 2023 No.55710924 File: 79 KB, 640x427, Lamborghini_Huracan_EVO_coupè_in_Giallo_Inti.jpg [View same] [iqdb] [saucenao] [google] >>55710895

>>	Anonymous Mon Jul 31 13:54:55 2023 No.55710968 >>55707204 > you owe me x money sir > what's a woman ?

>>	Anonymous Mon Jul 31 13:59:04 2023 No.55711002 >>55707235 how it worked for 1000 years in europe >take out loan >start drowning in interest >wtf do i do >convert to judaism >all interest is forgiven >(jews can only charge interest to goy) >pay back principal only problem solved guys!!

>>	Anonymous Mon Jul 31 14:03:03 2023 No.55711025 >>55711002 jews are evil not because they charge interest but because whenever they come into contact with other races which have fortunes they steal their wealth through having them change their will under duress

Anonymous Mon Jul 31 14:13:42 2023 No.55711124

>>55710739
>>55710746
I'm still so confused how people keep spreading these stories how they debt maxxed and nothing happened to them. It takes almost no effort to find thousands of reddit, youtube, and news stories about how people are in collections, cannot get jobs, cannot buy anything on credit for a decade, and facing liens, repossessions, and basically getting their toes hammered because they're so far behind on payments due.

Is it a holdover from /b/ telling people to do actually dangerous shit and getting a little laugh when they're in a world of pain because you told a lie?

Anonymous Mon Jul 31 14:23:56 2023 No.55711202

>>55711124
Why do you think the media is full of such stories? It’s intimidation. If you’re smart with it, have credit cards with a separate bank from your chequeing / savings and careful with the assets you hold there are so few consequences of an unsecured default it’s laughable. Just gotta choose your battles and understand the law. I have a job and other credit cards, cars and a corporation. Nothing happened. They missed their 2 years to sue me.

>>	Anonymous Mon Jul 31 14:27:28 2023 No.55711240 File: 95 KB, 1302x894, mcdonogh.png [View same] [iqdb] [saucenao] [google] >>55710394 You're right I'm behind the times, it's more like $45k avg over K-12. But don't forget PreK!

>>	Anonymous Mon Jul 31 14:28:46 2023 No.55711256 >>55707235 Ask the US government to lead by example

>>	Anonymous Mon Jul 31 14:29:56 2023 No.55711269 >>55707142 Thats antisemitic!

>>	Anonymous Mon Jul 31 14:30:21 2023 No.55711278 >>55709314 Tell that to the interest rate adjustments on credit cards

Anonymous Mon Jul 31 14:33:28 2023 No.55711306

The thing about CC debt is that it mostly only works when something you want is being gatekept by (and only by) your creditworthiness. If you've paid off your transportation and will never, ever be able to afford a house, what's the point? The job market sucks, a low FICO is the least of your worries if you need to find one. You shouldn't be financing stupid shit like household goods. There's no point in starting a business on loans, it's either VC funding or bust. What else could they have hanging over you? If people en masse need a CC for necessities, everything will be fucked eventually.

Retail can play the wait-for-bailout game too.

Anonymous Mon Jul 31 14:34:46 2023 No.55711316

>>55711202
But they're connected to your SNN and address and name. Meaning they can still garnish your paycheck, lien on your house, mess with your other things like auto registration, insurance rates, and so much other shit. yeah you're not going to jail for being a debt delinquent (see all the poors behind on bills) but its expensive to be stupid. $50k over 10 years of absolutely fucked credit is "gaming the system" for 10 years of cheap toys. Then you settle for pennies on the dollar, wait 10 years, and do the cycle again? Whats the long term plan here? To never own anything, constantly looking over your shoulder, creditors always calling and mailing notices, and dealing in cash only? Gross.

Anonymous Mon Jul 31 14:38:10 2023 No.55711344

>>55711124
If they do this to everyone - essentially cornering the consumer economy - everything collapses. You're really gonna go after someone who's destitute, lawyer fees being what they are, over <$10-20k, knowing that you MIGHT get pennies on the dollar from forced asset sales? Better to let people regroup. The interest clock is still running the entire time.

>>	Anonymous Mon Jul 31 14:41:01 2023 No.55711368 >>55707235 >You gave out a loan >You took on risk What part are you not getting?

Anonymous Mon Jul 31 14:44:18 2023 No.55711397

>>55711316
I don’t know where you live but here in Ontario, Canada they have 2 years to sue you over an unsecured debt. If they don’t file a statement of claim within 2 years the debt is unenforceable. Sure they have my address. My Fico score took a 30pt hit at first but is back above 700. They can’t do fuck all else (garnishment, seize assets, etc) without a court judgement which they missed their chance at. They have even stopped calling me / sending letters because they know it’s a waste of time.

Sure it was a bit stressful waiting them out for 2 years, but my main bank never closed my account or cancelled my other credit cards. I just enjoyed 50k of travel and work free life for 6 months on Mastercards / the underwriting banks dime. That was the “long term” plan and it worked great. Covid lockdowns was the ideal time to pull this stunt and sounds like you’re just mad you didn’t realize this first.

Anonymous Mon Jul 31 14:44:33 2023 No.55711401

>>55711344
You're right they don't often sue people for $50k of debt, they just sell that off to a collection agency and let them hassle you for a decade. And you're right, the interest keeps accruing, fees are tacked on, and again your credit is basically zero for a decade after you pay it off or settle. So the brilliant "just buy toys with whatever poorfag cards you can get" is just shooting yourself in the foot super hard. a 20 something year old debtmaxxer isn't getting a $50k credit limit to buy nice shit and for you to miraculously hide or turn into cash. Even if you did somehow do that, again you're lookin gat over a decade of being hounded and disadvantaged by your credit score, credit history, and paying extra for the fun of playing the game.

Just ask the people in ridiculous debt and low incomes, they're not enjoying life.

Anonymous Mon Jul 31 14:45:18 2023 No.55711415

>>55707137
>40% of Americans are now in a debt cycle which only ends in default. Even incomes over $150k are maxing out their cards to keep up with inflation. This is the Greatest Depression 2.0 incoming.
Is this the latest bullshit Russian propaganda economic doom shit? You don't know that inflation reduces debt? Ah that's right russians can't into economics. US economy and the EU economies are incredibly strong right now and full employment. The ECB and FED have managed things brilliantly, reversed negative rates and brought inflation down without a crash. There have not been such excellent economic conditions for 20 years. Then there is (you) posting your purile Russian propaganda economic doom retardation
>>55707142
>Genuinely what the fuck are we going to do, /biz/raelis?
Laugh at dumb cunts like you who watch Russian economic doom disinfo and buy silver coins and ERC20 tokens

>>	Anonymous Mon Jul 31 14:47:00 2023 No.55711425 >>55711415 >bringing up Russia unprompted /biz/ has the worst glowies I swear.

Anonymous Mon Jul 31 14:47:49 2023 No.55711429

>>55707137
Get a relationship and have 2 incomes. Live together. Don't over spend after doing this. I'd wager most of these problems are caused by single people ( women and men) who have to pay their own rent and have their own place (thereby increasing demand).

Anonymous Mon Jul 31 14:49:45 2023 No.55711448

>>55711425
Its a Russian spam board filled with the turd work who echo that Russian shit, Fuck off to zero hedge and spend your life babbling on about muh economic doom because some dipshit in moscow made some lie up and had brown people spam it. US and EU and G7 are fine economically, better than fine. You know where is utterly FUCKED. Russia. Bye now.

Anonymous Mon Jul 31 14:56:02 2023 No.55711493

>>55711306

Bro you dont understand when your skin is actually in the game, it literally takes less than 2 years to own a 20-story building with a doorman and a garage and a penthouse

If you play the game right in very short amount of time you become rich tycoon

CC

>>	Anonymous Mon Jul 31 14:56:44 2023 No.55711501 >>55711448 Kill yourself kike.

Anonymous Mon Jul 31 14:57:22 2023 No.55711503

>>55711397

You're not thinking big enough

Most people who really make it big neveer talk about the steps, but learn to realy smoke weed and really drink vodka with caviar at bars and youll realize you can own Lamborghini and penthouse and never work

The system exists to let alphas become alphas debtmax

>>	Anonymous Mon Jul 31 14:58:08 2023 No.55711511 >>55711493 I think you misunderstood, I agree with you.

>>	Anonymous Mon Jul 31 14:59:13 2023 No.55711520 >>55711511 based. There was a guy posting here last night with $200,000 You can go far, debtmax, working on my amex black card right now, I want to buy picasso painting not limit

>>	Anonymous Mon Jul 31 15:02:45 2023 No.55711547 >>55711503 I did realize this while vacationing at some nice spots. Plans are in place.

Anonymous Mon Jul 31 15:05:42 2023 No.55711571

>>55711547

YGMI, we need more people actually posting their stories once they actually make it,

All of crypto is fake, it really comes down to debtmax, sure there are legalities involved so names and info which can help feds identify debtmaaxers has to be safeguarded

But this is truly fascinating, the fact that some people become millionaires by debtmaxing

>>	Anonymous Mon Jul 31 15:11:11 2023 No.55711611 >>55711448 hohol, spok

>>	Anonymous Mon Jul 31 15:11:27 2023 No.55711615 >>55707610 Imagine claiming you're a first-world country while exploiting at predatory interest rates to create little deb slaves. Fucking kek.

Anonymous Mon Jul 31 15:23:24 2023 No.55711723
File: 7 KB, 233x217, 1665441494329770.jpg [View same] [iqdb] [saucenao] [google]

I am so glad I followed biz back in early 2020. I was about to make enough off link (1k investment in feb 2020) i was able to cash that out in march 2021 and buy a house at 2.3% which was 120k then and 175k now. I am straight chillin with a mortgage that is $750 bucks including taxes and insurance.

I said all that to say this: We fucking told you. I was told a million times. I listened and now I'm sitting pretty forever if I want. Why didnt you listen. You had years. I started with almost nothing (1k) and in 3 years turned that into around 50k and climbing.

>>	Anonymous Mon Jul 31 15:25:37 2023 No.55711749 >>55711615 debtmax

>>	Anonymous Mon Jul 31 15:30:06 2023 No.55711787 >>55711749 >im not like the others Kek. You are.

>>	Anonymous Mon Jul 31 15:33:51 2023 No.55711828 bumping for later

>>	Anonymous Mon Jul 31 15:46:04 2023 No.55711969 debtm

Anonymous Mon Jul 31 15:47:21 2023 No.55711979
File: 207 KB, 960x960, 1611273906007.jpg [View same] [iqdb] [saucenao] [google]

>>55707142
Stay cash-gang / treasury gang to swoop up cheap rentals in the Southeast once the gibs / severence dries up.

Remember its tech -> wall st -> main st when it comes to pain and layoffs. The tech crunch was in Jan, Wall St in March, and Main ST this summer. Most severence payouts are 3-6 months so max pain hits the housing market in Q3/Q4 this year.

I personally can't wait to start underbidding roastie owned failed influencer condo's in Miami by at least 30%.

Who's with me boyz?

>>	Anonymous Mon Jul 31 15:50:02 2023 No.55712004 >>55711571 To debt max successfully you need high income. Those sub 50k are in a tight spot. You’d also need a positive cash generating business as well.

>>	Anonymous Mon Jul 31 15:51:50 2023 No.55712022 >>55711979 30%? Here in Canada mortgage rates are skyrocketing and everyone is fucked. It’ll be “50% off take it or leave it” and most are gunna have to take it

>>	Anonymous Mon Jul 31 15:52:38 2023 No.55712032 >>55711979 I just took out 5 debtmax!!

Anonymous Mon Jul 31 15:59:07 2023 No.55712088

>>55712022
Is that actually affecting anything in Canada? My buddy just listed his shittily built duplex in Collingwood, Ontario (lol) for $800k and he closed at 10% over asking on the first day, with 20 showings.

There are just too many jeets flying in to provide liquidity to the home owner class in Toronto forever...

I'll believe Canada doom when it actually starts happening.

Anonymous Mon Jul 31 16:07:38 2023 No.55712177

>>55712088
That’s the price floor for Ontario residential. And yes ppl are flying in with cash and Indians know all the scams, our government is also letting in literally millions to keep real estate from crashing, but at the end of the day the modern economy runs on credit and credit has dried up

>>	Anonymous Mon Jul 31 16:09:46 2023 No.55712201 >>55711979 Miamifag here. Housing prices are never going down here.

>>	Anonymous Mon Jul 31 16:11:22 2023 No.55712217 >>55712177 Dude I sold a piece of shit corner store which I bought for $50,000 for $2,000,000 Indians are fucking stupid But I want to debtmax to $100,000,000

>>	Anonymous Mon Jul 31 16:13:40 2023 No.55712240 >>55712201 In the luxury market yes, but Maimi is one giant ghetto. Those houses are going down at least 30%.

>>	Anonymous Mon Jul 31 16:24:25 2023 No.55712341 >>55707535 Your credit store would still be fucked in that scenario.

>>	Anonymous Mon Jul 31 16:26:39 2023 No.55712367 >>55712240 Shut the fuck up, faggot. Miami is the hottest real estate market in the world. It will literally never go down unless a tidal wave wipes out the city.

>>	Anonymous Mon Jul 31 16:29:11 2023 No.55712395 >>55712341 Bro play the egame do you think someone as smart as me wont have a perfect credit score, Im at 750 lmao

>>	Anonymous Mon Jul 31 16:30:24 2023 No.55712405 >>55712367 This is cope. Poverty and crime literally everywhere.

Anonymous Mon Jul 31 16:33:36 2023 No.55712448

>>55712405
This. This person has never apparently left Brickell. Crime and disorder everywhere as well as the illegal labor blocks on construction projects will have an effect. Its not going to crash 100% but a 20-30% retraction is inevitable.

This>>55712367 clown is apparently a failed influencer or crypto scammer. good luck out there!!

Anonymous Mon Jul 31 16:42:52 2023 No.55712529

>>55712217
Nice work anon. That’s what many of them are trying to do as well though, I’m saying there is strong evidence credit has dried up and that we should wait until the next cycle to debtmax. Many of these newcomers (smart ones anyway) are simply gunna move home and leave the banks with lots of bad debt. I defaulted on the unsecured debt because I strongly believe the system we know could come down very soon.

>>	Anonymous Mon Jul 31 16:58:58 2023 No.55712694 >>55712395 You didn't default on a credit card and settle with debt collectors and still have a 750 score. Its super easy to spot a financial liar.

Anonymous Mon Jul 31 18:48:18 2023 No.55713727

>>55712694

But I did. You think it's impossible. I;m not going to walk you through on it *cough* *cough* *this is illegal, *cough*

>>55712529

The system's not going to come down, but the objective is to actually get rich, not just spend a few g's at a strip club

>>	Anonymous Mon Jul 31 19:22:50 2023 No.55714002 File: 24 KB, 657x527, 1572219987315.jpg [View same] [iqdb] [saucenao] [google] >>55711415 >You don't know that inflation reduces debt? Only if your income goes up

>>	Anonymous Mon Jul 31 19:52:49 2023 No.55714246 >>55711448 This is a thread about American credit card debt and you're seething about Russia. Have you taken your meds?

Anonymous Mon Jul 31 20:31:15 2023 No.55714590

>>55711368
>commits fraud by intentionally refusing to pay back loan they took
>twists the situation around to cope with crime they are committed
>expects the world to accept their twisted viewpoint because uh...???
Stop being retarded. You and the rest of your kind will payback your debts.

Anonymous Mon Jul 31 20:35:27 2023 No.55714625

>>55711415
>MUH RUSSIA BOOGEMAN
The study was put together by Quicken you fucking tard.
>INFLATION WILL INFLATE DEBTS AWAY LOL
Not anymore chud. Inflation is being tamed. On top of that wages did not keep up with inflation. The only thing inflating is consumer debt.

>>	Anonymous Mon Jul 31 20:38:23 2023 No.55714656 >>55712240 >Those houses are going down at least 30% because... BECAUSE I SAID SO THAT'S WHY. TWO WEEKS LMAO

>>	Anonymous Mon Jul 31 20:49:27 2023 No.55714762 >>55714590 >not paying debt is fraud Lmfao

>>	Anonymous Mon Jul 31 20:56:12 2023 No.55714816 >>55714590 What part of "stop pushing 6-figure loans to teenagers without income or property" didn't you get?

Anonymous Mon Jul 31 20:57:44 2023 No.55714829

>>55711415
I hate the doomer demoralizing shit as much as the next guy, but holy shit (you) glow brighter than some of the ones I fuck with on /x/. What are you even doing here? We mostly just shitpost, post passing troons to trick coomers, and troll. Most of us have even taken the heeb pill.

Anonymous Mon Jul 31 20:57:48 2023 No.55714830
File: 36 KB, 209x208, Capture.png [View same] [iqdb] [saucenao] [google]

I make 100k a year (no income tax)
not struggling in the slightest (eat out 3 times a week w/ girlfriend and buy her nice things)
Never had this much money saved in my life and able to save 20% of each paycheck
Virtually no debt, never carry a balance

didn't think i would ever be ahead of the curve on this one0y80

>>	Anonymous Mon Jul 31 21:00:38 2023 No.55714851 >>55711415 NATO, I do not approve of you using my tax dollars for such low quality posting, do you hear me?

>>	Anonymous Mon Jul 31 21:01:49 2023 No.55714865 >>55714830 forgot to mention i just got back from 10 days in europe (american chad) and already paid the entire $5000 trip off

>>	Anonymous Mon Jul 31 21:31:03 2023 No.55715125 >>55714865 Kek. This is such a retarded take for Europeans, since they don’t go into debt for something as simple as a trip abroad. We just have that money up front.

Anonymous Mon Jul 31 22:15:34 2023 No.55715493

>>55711124
My close friend stopped paying his $25k in credit card debt and all they did was call him a bunch of times. He didn’t have any assets to go after and just works low wage construction jobs. This was about 3-4 years ago, nothing ever came of it.

>>	Anonymous Mon Jul 31 22:20:34 2023 No.55715537 >>55715493 Bro trust, you need to understand theres levels to this shit. The objective is to build skyscrapers and foot your construction projects to the cuck banks

>>	Anonymous Mon Jul 31 22:22:21 2023 No.55715559 >>55714865 Not bad cost for 10 days

>>	Anonymous Mon Jul 31 22:22:39 2023 No.55715563 >>55715493 He'll just have a bad mark on this credit report and if anyone loans to him in the future at all it will be with high rates. For a meth head working shit construction jobs between drug binges it really doesn't matter.

>>	Anonymous Mon Jul 31 22:24:26 2023 No.55715583 >>55715563 Raise your credit bro, literally get a new cc, charge it $20 a month and when it' back up to 750, withdraw the max debtmaxx

>>	Anonymous Mon Jul 31 22:29:25 2023 No.55715621 File: 818 KB, 1500x1000, araara-bank-card-skin_1500x.png [View same] [iqdb] [saucenao] [google] >>55707142 You can't trade crypto if you file for bankruptcy. You'd have to sell it all. They literally got us by the blue balls

>>	Anonymous Mon Jul 31 22:31:58 2023 No.55715640 >>55715621 just don't declare bankruptcy, they can only enforce a court order for so long before they give up and you can cash out and go to WSOP or the strip club again

>>	Anonymous Mon Jul 31 22:33:22 2023 No.55715654 File: 139 KB, 600x600, 1690734519917431.png [View same] [iqdb] [saucenao] [google] >>55707137 how is this even possible. After I pay ALL of my bills, I have $6k left over every month.

>>	Anonymous Mon Jul 31 22:35:01 2023 No.55715664 >>55710705 roommates retard. Living alone is for people with triple digit IQs

>>	Anonymous Mon Jul 31 22:50:01 2023 No.55715762 >>55714762 You're wrong kid. https://tryascend.com/debt-collection/jail-for-unpaid-debt

>>	Anonymous Mon Jul 31 22:51:02 2023 No.55715771 >>55714816 The part where you think you can renig on your agreement to Pay Back Your Loan

>>	Anonymous Mon Jul 31 22:54:54 2023 No.55715795 >>55715640 Sorry about your lukewarm IQ, but you can be forced into bankruptcy.

>>	Anonymous Mon Jul 31 22:56:49 2023 No.55715814 >>55715762 Completely irrelevant to me. Read this. In Ontario if you’re an unsecured creditor you’re basically up shits creek.

>>	Anonymous Mon Jul 31 22:58:27 2023 No.55715829 >>55715563 I work construction jobs and have a 852/900 credit score (Canada)

>>	Anonymous Mon Jul 31 22:58:59 2023 No.55715832 >>55715814 Forgot link: https://www.spergel.ca/learning-centre/debt-collection/debt-statute-of-limitations-ontario/ Straight from the bankruptcy jews themselves

>>	Anonymous Mon Jul 31 22:59:41 2023 No.55715837 >>55715829 Also 45k in credit limit of which like 550 is used per month and just keep it paid off.

>>	Anonymous Mon Jul 31 23:01:04 2023 No.55715850 >>55715795 no you can't >>55715762 In the 1600s, no jail for unpaid debt in 2023

Anonymous Tue Aug 1 01:12:23 2023 No.55716760
File: 283 KB, 2048x1366, 1609966088015.jpg [View same] [iqdb] [saucenao] [google]

>>55707137
>Greatest Depression 2.0 incoming. There is no avoiding this.
Nigga please. Dumb doomer bears missed out of the 2023 pumps.

Do you really think my man Biden will accept a nasty downturn before the election?

Do you really think elites will hand this election over to Trump? Really?

Not Going To Happen. Looking forward to another 2X on BTC mining stocks. Doomers can do whatever they want.

>>	Anonymous Tue Aug 1 01:14:17 2023 No.55716775 >>55716760 ***we are in an era of Total Political War. The economy is part of that battleground.

Anonymous Tue Aug 1 01:26:56 2023 No.55716844

>>55714829
>Most of us have even taken the heeb pill
No 'we' haven't. Degenerates still get the rope and you can expect age of consent to go up, not down.

>>55707137
An increasingly large portion of the population is simply giving up. They don't really care anymore. The social contract was broken a long time ago.

>>	Anonymous Tue Aug 1 01:33:12 2023 No.55716885 >it's over >goverment credit card bailout incoming

>>	Anonymous Tue Aug 1 01:49:31 2023 No.55716995 >>55715814 >Actually in my third world country... post dicarded

>>	Anonymous Tue Aug 1 01:50:38 2023 No.55717001 >>55715850 Wrong. Read the article.

>>	Anonymous Tue Aug 1 01:52:35 2023 No.55717012 >>55716885 Consumers will never get bailed out. Politicians give no fucks. They already made debts harder to get rid of in bankruptcy 20 years ago. They work for banks not citizens.

Anonymous Tue Aug 1 02:02:08 2023 No.55717070

>>55717001
>https://tryascend.com/debt-collection/jail-for-unpaid-debt

Look smartass,

They can only file a lawsuit within the statue of limitations if its 2 years in ontario since last payment then after 2 years they cant do shit no matter how badly debt collectors want to obtain it

as for the article claiming "if the court orders repayment"
the court cant do that, because it's unsecured, if there was any collateral then they could do that,
they can only garnish wages and put a liens on a bank account, both of which are very time consuming

Your article was written by someone who has no experience in the legal system

>>	Anonymous Tue Aug 1 02:29:05 2023 No.55717258 >>55707574 >just doesn't cook Even if you don't cook you will not spend much, unless you eat at fancy cafes and restaurants.

Anonymous Tue Aug 1 02:41:31 2023 No.55717337

>>55717258

It's not how much you spend, it's how much you accumulate

Plenty of doctors live like bums because they're stupid as fuck

Look at Ben Mallah, Ben Mallah is the only investment guru you need to listen to; he's dumb as shit, understands fuckall in live but still owns a $16,000,000 house

>>	Anonymous Tue Aug 1 02:51:22 2023 No.55717401 >>55707854 Do the interest calculation for houses with the new interest rates if you want a real black pill

Anonymous Tue Aug 1 03:10:13 2023 No.55717534

>>55717401

the ultimate black pill is that even most bankers dont understand how money works

You virtually dont have to work to become a multi-millionaire, just keep enlarging your portfolio and just charge the bank everything

You're not supposed to work for money, money works for you

>>	Anonymous Tue Aug 1 03:13:47 2023 No.55717566 >>55717070 >MUH THIRD WORLD COUNTRY THOUGH No one cares leaf. This thread is about americans.

>>	Sean Tue Aug 1 03:16:28 2023 No.55717589 >>55707137 Bro life is not that expensive here. What is up with these people. My friend that makes 3x what I make and lives in a worse neighborhood lives check to check.

Anonymous Tue Aug 1 03:38:07 2023 No.55717745

>>55717566

Americans / the American economy is goy level stupid

In Canada you literally have to prove yourself.

In America just walk into a bank and say you have a cheeseburger design for their IPO and theyll throw money at you

Literally if you are an American citizen just fly down to California and organize first round funding for some new cheeseburger

I've on my life seen someone fly down to Cali and pitch a bullshit idea for a bullshit TV remote and he got $11,000,000 in cash

I would be 1000% a billionaire if I was American

In Canada it's harder, but I've already made it

>>	Anonymous Tue Aug 1 04:38:06 2023 No.55718074 Good thread. >>55717745 It's more helpful if you can spell it out in a way that isn't incriminating. People here have autism after all.

Anonymous Tue Aug 1 04:46:09 2023 No.55718134
File: 53 KB, 1354x784, Screen_Shot_2018-10-25_at_11.02.15_AM.jpg [View same] [iqdb] [saucenao] [google]

>>55707142
>the biggest "free market" economy in the world finally starts to manifest the inevitable outcome of the biggest "free market" system in the world

lol, get fuck'd amerilards

>>	Anonymous Tue Aug 1 04:50:04 2023 No.55718157 File: 363 KB, 2560x1440, 1480497820891.jpg [View same] [iqdb] [saucenao] [google] >mfw i'm going to maxx out the old $108,000 in credit cards buying gold on ebay and then only make 2 minimum payments

>>	Anonymous Tue Aug 1 05:06:25 2023 No.55718246 >>55718157 Why two?

>>	Anonymous Tue Aug 1 05:09:46 2023 No.55718263 >>55718157 >buying gold on ebay enjoy ruining your credit over some tungsten retard.

>>	Anonymous Tue Aug 1 06:25:14 2023 No.55718554 >>55718246 >why two so i can say i was trying to make payments, less fraud looking >>55718263 >tungsten >ebay I only buy from real businesses and then only the government issued golds

>>	Anonymous Tue Aug 1 08:11:46 2023 No.55718926 >>55715850 Yes, they can. Creditors definitely can. You can cope all you want.

>>	Anonymous Tue Aug 1 08:24:03 2023 No.55718964 File: 35 KB, 600x600, 1688832061532414.jpg [View same] [iqdb] [saucenao] [google] >>55707137 Time to scoop up the cheap puss.

>>	Anonymous Tue Aug 1 10:19:01 2023 No.55719369 >>55707703 Damn I shoulda maxed out a credit card nine years ago on ____ crypto put it on a ledger and then never paid it back.

Anonymous Tue Aug 1 10:30:28 2023 No.55719412

>>55707137
Most Americans are fat lazy assholes now that can't go a day without eating out at some goyslop dispensary or have to have 30 subscriptions to music, movies and ethots.
>I can't afford a house!!
Yeah because you spend $1500 a month minimum on consumer garbage because some faggot on tiktok shilled it to you.

>>	Anonymous Tue Aug 1 10:34:16 2023 No.55719430 >>55715621 what if I lose all my crypto in a tragic boating accident?

>>	Anonymous Tue Aug 1 12:15:13 2023 No.55719880 File: 149 KB, 563x720, 1392606672237.jpg [View same] [iqdb] [saucenao] [google] 55718134

>>	Anonymous Tue Aug 1 12:40:44 2023 No.55720031 >>55707819 Then the US economy is a fake and gay jewish ponzi that deserves to crash back into reality.

>>	Anonymous Tue Aug 1 12:46:43 2023 No.55720069 File: 1.95 MB, 720x1280, 1690777875600232.webm [View same] [iqdb] [saucenao] [google] >>55710705 >le walkable city Go have a seizure

>>	Anonymous Tue Aug 1 12:49:18 2023 No.55720084 >>55714829 This. Get off my lawn glowie. Go make a flat earth thread on /pol/.

>>	Anonymous Tue Aug 1 14:08:49 2023 No.55720655 >>55707137 Total global debt forgiveness (thanks jews, very cool!)

Anonymous Tue Aug 1 14:16:31 2023 No.55720712

>>55707698
Debt jubilee helps out the issuers, who make money every single time you swipe the card. If you look into internal balance reduction and debt elimination programs from credit card issuers (All major issuers have some sort of program like that), they discount credit card debt down to 1.5% + Fed Funds rate and then put you on a long term payoff plan. Credit card debt is profitable when you swipe and continue to pay off like a rube.

>>	Anonymous Tue Aug 1 14:17:33 2023 No.55720718 >>55715654 Shit, you get paid over 6k per month? I only get paid 5k, though I could stand to improve on my saving skills.

>>	Anonymous Tue Aug 1 14:18:14 2023 No.55720721 >>55719430 Then you can sit in jail for contempt until you are ready to reveal the location of your tragic boating accident.

>>	Anonymous Tue Aug 1 14:18:54 2023 No.55720730 >>55716775 >>55716760 Agreed, I don't think this is good though. They will devalue the currency by printing more money to keep the economy looking good and that will ultimately hurt way more than brutal liquidation in the short term.

>>	Anonymous Tue Aug 1 14:23:30 2023 No.55720765 >>55707610 S O O S S U S S _____ S S S

Anonymous Tue Aug 1 14:23:34 2023 No.55720766

>>55707508
you’re right and wrong at the same time. banks only care about commercial loans and only offer personal loans to get commercial loans. the idea is this person will bring their business account to the fi where they personally bank. and for a long time, if you had small balance unsecured charge offs, national/regional banks really didn’t give a shit and would settle (most community banks still do) however, with cre going tits up and CECL being implemented for the ALL calculation, that’s about to change because a banks recoveries is goi mf to play an integral part of estimating future losses

>>	Anonymous Tue Aug 1 16:00:33 2023 No.55721604 >>55711415 Inflation in EU is insane right now you fucking nigger!

Anonymous Tue Aug 1 17:30:11 2023 No.55722503
File: 556 KB, 500x501, IMG_8625.png [View same] [iqdb] [saucenao] [google]

>>55711415
>>55711448
Put a gun in your mouth and pull the trigger, you absolute reddit fucking;
NIGGER..............NIGGERNIGGERNIGGER
NIGGER..............NIGGERNIGGERNIGGER
NIGGER..............NIGGERNIGGERNIGGER
NIGGER..............NIGGER
NIGGER..............NIGGER
NIGGER..............NIGGER
NIGGERNIGGERNIGGERNIGGERNIGGER
NIGGERNIGGERNIGGERNIGGERNIGGER
NIGGERNIGGERNIGGERNIGGERNIGGER
.........................…NIGGER.........…..NIGGER
.........................…NIGGER...........…NIGGER
.........................…NIGGER...........…NIGGER
NIGGERNIGGERNIGGER...........…NIGGER
NIGGERNIGGERNIGGER...........…NIGGER
NIGGERNIGGERNIGGER...........…NIGGER

Anonymous Tue Aug 1 17:42:14 2023 No.55722607

I just need to make over $100k and there are no fucking good jobs right now if you don't have 10 years of experience at Google.
I cook a lot, I don't really buy junk, but a salary under $100k is basically useless in a major city unless you have roommates at this point.
>inb4 hustle and bustle of the big city pasta
I'm not leaving my family & friends

Anonymous Tue Aug 1 18:20:19 2023 No.55722965

>>55722607
There are tons of jobs that pay $100k outside of CS. You might have to get a specific college degree.
>inb4 muh student loans
Do the math. It should pay for itself within 5 years and you'll have a much higher pay ceiling than whatever bullshit job you have now.

>>	Anonymous Tue Aug 1 18:23:22 2023 No.55722999 >>55714590 unbased contrarian loser

Anonymous Tue Aug 1 21:51:04 2023 No.55725159

>>55707703
i did that when i was young, in my 20s. i got like 15k worth of credit cards and maxed them all out. bought a car, spent the rest on booze pot and strippers. was completely broke busted and indebted after only one month lol. then the phone calls started coming in. i just told them i worked at walmart and couldn't afford to pay. they kept sending letters. finally a collection agency bought the bad debt. then they harrassed me for about a year. then i never heard from any of them again. my credit is excellent now, i have a 785 fico. i wouldn't dream of ruining my cred now that im older and actually need it. but if your young go for it lol.

>>	Anonymous Tue Aug 1 21:59:43 2023 No.55725235 I've been making some money flipping shit on ecommerce websites and let me tell you.. it is dry out there. People are for sure feeling it.

Anonymous Tue Aug 1 22:17:33 2023 No.55725417
File: 3.76 MB, 480x270, 1686676954546718.gif [View same] [iqdb] [saucenao] [google]

>>55707137
Britcuck here.
Never understood the American obsession with credit, had a few credit cards and loans when I was younger but never used the cards much and eventually paid the loans off when the bank was a bit rude to me once about getting personal loans to pay off my CC debts.
Now I own my own home, have no debts, money in the bank and investments, but a shitty credit rating.

Why should I give a fuck if the Jews don't want to lend me anything? I don't want to borrow from them.

Anonymous Tue Aug 1 22:24:19 2023 No.55725479

>>55725417

Because some people built literal empires using credit, the difference between North America and Britain is that in Britain you go into a bank and ask for $100,000,000, they call the police

In America, you go into a bank and ask for $100,000,000 they ask you to see your previous development projects

Anonymous Tue Aug 1 22:27:01 2023 No.55725502

>>55707471
Honestly, what else are they going to say?

"Uh, yeah we fucked the economy up real bad. Now debt is sky high and nobody is able to pay it back we're going to disincentivise borrowing and make the institutions more diligent about who they lend money to but let's face it, it's way too fucking late for that, we should have done this 20 years ago."

The American government is likely the most dishonest government in my lifetime if not in history, I do feel bad for the dumbfuck public who are going to be bent over and roughly fucked over this but why did you think that they've been doing so much crazy shit lately? They're arranging their exit plans.

>>	Anonymous Tue Aug 1 22:30:29 2023 No.55725530 >>55725502 No shit because the people in politics are 80iq PhD MBA types who've worked at bluechip Deloittes before retiring into politics and will willingfully throw their sisters into rivers to get to $15,000,000 They are psycopathic bottomfeeders

>>	Anonymous Tue Aug 1 22:34:39 2023 No.55725565 >>55707235 Why do you think usury was illegal throughout europe/middle east for thousands of years?

Anonymous Tue Aug 1 22:35:10 2023 No.55725568
File: 201 KB, 460x338, 1678818838236079.png [View same] [iqdb] [saucenao] [google]

>>55707610
>>55711615
>not creating a great filter to wipe out the mentally infirmed humans creating a new international debt free master race that rules over the entire planet.
NGMI.

>>	Anonymous Tue Aug 1 22:37:21 2023 No.55725585 >>55714002 Beat me to it thank you anon. Lotta midwits these days.

>>	Anonymous Tue Aug 1 22:38:02 2023 No.55725589 File: 1.42 MB, 640x430, Mega_Cringe.gif [View same] [iqdb] [saucenao] [google] >>55716760 According to the left THIS is what a White supremacist coup looks like.

Anonymous Tue Aug 1 22:40:21 2023 No.55725607

>>55725417
>ver understood the American obsession with credit
Its not all americans but most have very little impulse control and spend their entire paycheck immediately. they need loans and credit to cover emergency expenses which of course there always is.

>>	Anonymous Tue Aug 1 22:56:55 2023 No.55725730 yeah my credit card debt is through the roof and once I have to start paying back student loans I’m totally fucked

Anonymous Tue Aug 1 23:12:42 2023 No.55725870

>>55725417
If you are good with credit and credit cards, you can get a shitload of airline points to fly for free, stay in hotels for free, and other perks. I personally went with a cash-back card so every year I get $1000 for free.
>but you pay interest on whatever you spend!
Not if you pay it off before the interest is added on. Some jobs will check your credit score. Turns out you cannot get a job as an accountant with a 438 credit score. Some insurance companies will check your credit score and charge you more if you have a shit score. Some apartments will do that and charge you more in rent too.

Its the easiest loan you'll ever get if you already have the card. Even if you don't have the card anyone can get one. If you're low income, bad with money, or just having a rough year and suddenly need $3000 for every day shit like tires, a transmission, water heater, air conditioner (brits just won't understand that one) or medical expenses, you just swipe the plastic and its "paid". You make installments on that emergency expense and its done.

The actual problem is most people are absolute morons with money. They treat credit cards like free money and they'll "just pay it later". But then just never pay it and wonder why they're ALWAYS making minimum monthly payments on that debt.

Anonymous Tue Aug 1 23:21:57 2023 No.55725938

>>55725417
2/2, I promise
>Now I own my own home, have no debts, money in the bank and investments, but a shitty credit rating.
Thats not normal for like 90% of Americans, and I'd hazard a guess not normal for most euros either. Theres been a famous statistic for the last decade that like 45% of Americans cannot come up with $1000 tomorrow if they needed it for an emergency. Not counting mortgages, credit card and car loans is more than our student loan debt that everyone makes a big deal out of.

Unless you're in a later stage in life like 50s, 60s, or later, having a paid off house, no debt, money in the bank, investments, you are a very rare exception.

>>	Anonymous Tue Aug 1 23:33:18 2023 No.55726020 whenever i'm on a date with a girl who's more attractive than me, to gain the upper hand i make very subtle comments to debt shame them, and when i see them lose confidence, i know they're a debtor and i'll be fucking them within 2 hours

>>	Anonymous Wed Aug 2 02:37:19 2023 No.55727310 >>55725565 To protect banks from thieving consumers who can't understand. >You took out a loan. >You pay it back.

>>	Anonymous Wed Aug 2 02:38:42 2023 No.55727326 >>55725730 Serious questions: How did you end up here? Why didn't you live within your means?

>>	Anonymous Wed Aug 2 02:41:03 2023 No.55727339 >>55726020 based

>>	Anonymous Wed Aug 2 03:14:35 2023 No.55727558 File: 444 KB, 2492x1318, Screen_Shot_2023-07-31_at_11.32.39_AM.png [View same] [iqdb] [saucenao] [google] its so annoying when one person is 25 percent of the posts and they are shill and wrong.

Anonymous Wed Aug 2 03:17:49 2023 No.55727588
File: 8 KB, 222x227, download.jpg [View same] [iqdb] [saucenao] [google]

>>55727310
I have gone through this shit, but kinda figured the way to fizzle out of this endless loop of nonsense. I started investing into crypto 3 years back.
>fucked up big time
But covered all my losses, paid off all my debts, thanks to ETH and PEPE.
Now holding on to a few METIS, ETH, MATIC, ATOM, QRDO and QANX.
>bull market
Is what I need to clear off my small debt, that I took from last year. I have no qualms now, I am independent and I fucking manage my finances well.

>>	Anonymous Wed Aug 2 03:26:47 2023 No.55727644 >>55720069 Based Elon. I think he genuinely hates San Francisco and California.

>>	Anonymous Wed Aug 2 03:38:21 2023 No.55727714 File: 487 KB, 1896x2487, 20230802_090656.jpg [View same] [iqdb] [saucenao] [google] >>55727644 But he loves Canada for sure. But he once said AI is frigging dangerous and he is the one who is close to it. Do you think AI is a threat to us humans?

>>	Anonymous Wed Aug 2 03:57:38 2023 No.55727830 >>55707142 Ignore it and buy more crypto, the same thing /biz/ does every day.

>>	Anonymous Wed Aug 2 03:59:33 2023 No.55727841 >>55727714 AI threat has a long way to go, but quantum threats is the one we gotta worry about now. I'm sure projects based of post quantum cryptography will thrive which is a solution.

>>	Anonymous Wed Aug 2 04:03:43 2023 No.55727867 >>55727830 Simple as that. I am already 3x with QANX, adding more to my bag cause bullish days ahead with its private blockchain launch. Eye on VENOM and SEI airdrops Wagmi.

>>	Anonymous Wed Aug 2 04:06:06 2023 No.55727882 >>55707235 There’s more debt than money , it’s literally impossible for everyone to pay off debt. This scam system is going to end in chaos and depression like never seen before

>>	Anonymous Wed Aug 2 09:07:12 2023 No.55729337 >>55707610 >>55707638 they're going to do a debt jubilee in exchange for taking the mark of the beast aren't they.

>>	Anonymous Wed Aug 2 09:11:02 2023 No.55729353 >>55709413 this anon knows

Anonymous Wed Aug 2 09:32:22 2023 No.55729440

>>55726020
this comment hurt my soul more than anything i've read on the internet in the last 36 hours or so. congratulations

ok, that's enough internet for today. just gonna finish up these last few threads i have open, maybe take a quick last spin through /pol/, wind down with a little light /ck/ or /lit/, and i should be in bed by 6am. great thread guys, keep up the good work. great posting tonight. interesting times amiright?

>>	Anonymous Wed Aug 2 09:39:12 2023 No.55729466 >>55710689 Yes but you're a retard. $2,000 interest for a mortgage on a house/investment that increases in $4,000 in value during the year is profit made on money you otherwise wouldn't have had.

>>	Anonymous Wed Aug 2 11:20:33 2023 No.55729897 >>55729466 Unrealized gainz isn't money

>>	Anonymous Wed Aug 2 11:35:15 2023 No.55729958 >>55710370 >They convince themselves that they need to pay $30k a year per kid for school. do YOU want to send your kid to spic and nigger day care?

>>	Anonymous Wed Aug 2 12:32:00 2023 No.55730270 >>55707137 Based but Americans deserve way worse

>>	Anonymous Wed Aug 2 13:02:36 2023 No.55730446 >>55729466 Unrealized gains and property taxes over $5000 a year isn't stonks. I'd rather have zero debt and stack cash into investments than pay $2000+ a year in interest.

Anonymous Wed Aug 2 13:11:02 2023 No.55730504

>>55711124
The people with these stories are invariably losers that's why. They are rentcucks who little money to their name and who have no interest in ever taking out a serious loan on anything. So it's just not worth going after them. If you have *anything* of worth, they will go after you.

Advanced search
Text to find
Subject [?]Search by post subject. Leave empty for any.
Username [?]Search for user name. Leave empty for any user name.
Tripcode [?]Search for tripcode. Leave empty for any.
Email [?]Search by email. Leave empty for any.
Filename [?]Search by image filename. Leave empty for any.
From Date [?]Enter what date to start searching from. Format is YYYY-MM-DD
To Date [?]Enter what date to start searching until. Format is YYYY-MM-DD
Image hash
Search in	All Posts OPs Only
Deleted posts	Show all posts Show only deleted posts Only show non-deleted posts
Internal posts	Show all posts Show only internal posts Show only archived posts
Order	New posts first Old posts first
Capcode	All Posts Only by Users Only by Mods Only by Admins Only by Developers
Results	Posts Threads
Action	[ Simple ]

/biz/ - Business & Finance