Thread 214797545

Do Americans really think having a shitload of credit card debt means they're rich?

>>214797545 (OP)
If I kill myself before the debt collectors can get to me technically I was never indebted to begin with.

>>214797545 (OP)
Credit cards are basically a wealth transfer from stupid people to the middle class.

Stupid people pay credit card interest, middle class people get 3% cash back and rewards. Klarna is disrupting the system now by taking the stupid people with buy now pay later.

>>214797545 (OP)
Apparently they base loans, mortgages and stuff on how good their "credit score" is. Credit cards control their entire world.

>>214797626
Your family is going to inherit that

>>214797662
How to banks in Sweden decide who to give out loans to?

>>214797545 (OP)
Never had a credit card tho

>>214797667
>Your family

>>214797633
It's really funny seeing all those videos of uh.. let's use the word "people" for convenience, who are basically going:
>WTF I got all this stuff months ago with my Pay Later app
>NOW IM IN DEBT, GUYS WTFFF

>>214797667
I have no children and my parents both have cancer and will be dead within 5 years anyway

>>214797791
Yeah but you ideally will live a long time, so you'll be dealing with debt agencies n sheeit

>>214797690
It's based on income here. You yearly income is the deciding factor in how much you can loan. The more you earn, the more you can loan.
Also current debt and stuff plays a roll.

>>214797633
swedish excellence

>>214797633
>Klarna
Sorry about that. Kek.

>>214797545 (OP)
>tfw free healthcare
>tfw if you own a house in Italy and have no debt, you can just stop working and live off odd-jobs
feels good not to have mandated monthly payments that force me to work

>>214797970
The IRS often ignores things if it's under like 50k or so unless you're using a local credit union or live in an underpopulated area Chase bank sure as hell isn't going to notice.

>>214798994
Bro, does punctuation cost money there?

>>214798044
So someone who is proven that they have paid off debt in the past isn't seen as lower risk by banks?

>>214797667
It gets paid by whatever remains of the estate and of the estate isn’t sufficient it just goes away. Give all the actual valuebles and money to your kids as gifts before you die in secret.

>>214799054
Not really no. Income is what matters.
You won't be approved for a larger loan just because you've paid of a loan in the past without issue unless your income has improved.
Our banks calculate how much you will be able to safely pay each month by looking at your salary and current loans/debt and they never exceed that.
And the more active loans you have, the less they will loan you.
In fact, using credit cards here (which they can see) is a really good way of getting denied a loan because each credit card purchase is basically a loan.

>>214799019
No, it's more effort to track down people than it is to worry about zeros. Bank gave out too many bad loans? Damn that's crazy let's just seize the bank and declare bankruptcy then put tighter controls on their credit. Andrew Jackson did the same thing with his pet bank system, no idea why that retard is considered to be the ultimate bank buster.

>>214797690
Not him but the bank determines your loan amount by assessing your ability to pay and financial situation, your income, existing debt, number of children, credit use (the less the better), monthly expenses in a broad sense etc etc.
Loans are no easy thing to get here, the banks do not take any chances. And each loan you have to go through the same process even if you have successfully paid off a dozen loans to the same bank before.

>>214799845
Wrong.
Banks sell debts to debt-collecting agencies.

>>214800360
NEVER loan t b h

I've never had a single credit card