Could I just continuously get credit cards and live off of debt? Assuming I have no children, what is to keep an American from living his entire life off of credit cards?
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Could I just continuously get credit cards and live off of debt? Assuming I have no children, what is to keep an American from living his entire life off of credit cards?
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yeah, until the collector comes for your ass. then the gigs up.
>
Comes to get me? I've never heard of a collector coming and getting someone
>federal loan
Yeah but i'm talking bank cards. Not federal loans.
I wouldn't mind shitting on the beach, but not without shoes.
it was a metaphor.
1. Banks stop lending you money if they don't think you will pay it back.
2. They know if you haven't paid other banks back because of your credit report.
3. You'll get thrown in jail for bank fraud if you lie about your ability to pay back your debts e.g. if you claim to have a job or liquid assets when you don't.
>take out a bunch of loans, CCs in a short time span
>use it all to buy BTC
>”lose” keys
>blame actions on bad investment decision
>Take money from Gov
>dont pay it back
>gov now pays for your food and living costs
Theres something stupid about this
>take out a bunch of loans, CCs in a short time span
This is (the first place) where your plan fails. Hint: there's a reason why your credit score goes down immediately whenever someone does a hard pull on your credit report.
lies.
What if you want to shop around for the best rate? They have to pull your credit to offer you a rate.
>until the collector comes for your ass
I have a friend who had thousands of dollars of credit card debt. He stopped responding to their calls and never paid a dollar. Eventually they stopped calling and canceled his debt. His credit is below nigger tier, but still. If you are already a poor piece of shit, they aren't going to waste their time.
perfect plan. just get years worth of supplies and eat somefood but also sell some if you need a little extra cash. if those dirty cockroaches at the credit card company try to charge you interest, you tell them that the bible says they cannot.
people used to do what were called "app o Ramas" back in like 2006. open a hundred different credit card accounts and dump all of the cash into a 5% apy savings account and pocket the money. never did it personally as it just didn't seem to be worth the trouble for me. there used to be guides about it on the old fatwallet forums.
these days idk. can't you shitcoins on binance with a visa or master card? maybe it's worth a shot
yes, its called a charge-off and itll FUCK up ur credit
You need some form of steady income, enough to pay the minimums. I’ve been floating CC’s for 9 years now, credit score is 800’s. I’ve been using 18-24 0%apr transfers and leaving the other credit lines open. I have 13 Credit cards and 175k available with about 85k on balance. As soon as I can’t get anymore 0% apr deals I’ll just live if of the rest until I file bankruptcy. It’s not a bad gig desu.
I did something like this. I have about 20 cards now and I've rotated their sign up bonuses. Each card has a 1 year 0% apr benefit and a cash bonus between 150-300$.
When my free apr is over I pay the card off and max out 1-2 others and pay minimum, if the new card has a free balance transfer, I just transfer it instead of paying (free balance transfer cards usually have 1 year no apr but no cash bonus or cash back, so I just let the balance sit there).
I have about 15k debt leveraged and 30k in shitcoins. If I go bust, I have about 50k in open credit and like any (god bless) American - if my bold business venture fails, I press the reset button. I have no other way out of this rat race, and nothing to lose.
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credit card debt?
lol how about you take those big +100k 30 year 1% interest loans from european fail banks?
Shit is cash, you pay 83 a month while thai prostitutes vaccum your cum out of your balls and serve you yellow coconut curry
good for you. You know the only way to win is to enjoy losing as much as possible in this ponzi boomer economy.
You work in prisons though in us. 18th amendment says that u are actually a slave in us prisons, so at leadt you cover own food and accomodation expenses
Wait.. what if you just opened a line with no APR for 12 - 24 months, and then after the end of that period, you just open a new card and pay off the old one with the new, no APR credit? What the fuck, is this possible?
Yes it's called a balance transfer. Some new cards offer a free balance transfer, others charge around 3% (added to your new balance kek)
You could literally conduct a pyramid scheme with credit cards then kek
Read my other post. I do. I'm an unemployed neet btw.
Stop posting until you turn 18.
interest rates on any kind of loan is going to vary based on your credit score. Potential lenders pulling your score is not going to drop your score, retard. You'd know this if you weren't 16.
live dangerously or don't live at all