Thread 513921043

What should do I with my high credit score before the country collapses?

>>513921043 (OP)
debtmaxx

>>513921089
there's nothing i can think that i need

>>513921591
bullion retard

>>513921089
I was at 760ish when I did that. Owe about $40k to various credit card companies. Score fell into the 490s. Two years later, haven't paid a thing, and have several collections account added to my report but it still rebounded to 640. No one has tried suing me yet, probably because I moved to another state without filing a mail forwarding request. Amex does email me from time to time with offers to do a partial settlement. They're down to about 40% of the outstanding balance. Amex apparently never sells debt but I'll wait a while to see if they go even lower.

>>513924595
They'll probably only go down to like 30-35% or only slightly lower. They usually sell it to debt collectors for 15-25% I've heard (a lot of it probably depending on your income for risk evaluation) and they have a revolving door with those so they probably won't go quite that low with a customer.

>>513921043 (OP)
like, i have no credit and i never have and im in my 40's, but nevermind that

why couldn't someone who COULD get credit, get it, with some high limit, purchase a bunch of goods or even property overseas, then fuck right off and not pay the bill?

plz no bully, am financially retarded

>>513925364
Hey everyone look we got a financial RETARD over here! HAHAHAHA

>>513925585
:'(

>>513921089
what's the difference between debtmaxing and fraud

>>513925364
that is a thing lots of people do, mostly blacks

if you buy something expensive with zero intent to pay for it that's fraud

>>513921591
>>513922357
Start stacking

>>513925668
lol probably nothing, thus my question
>>513925364

>>513924595
never pay a cent. paying anything means you acknowledge the debt is yours and that'll fuck your credit more than if you never pay anything

>>513925745
>just even start paying
>usually need some kind of "down payment" to take possession of the item or property in question

what's your workaround for that?

>>513922357
I dont think you can buy gold with credit cards or loans, and if you did, and you don't pay them back, then they would sieze your assets and money you have in your bank account until it's paid off.
I'm just not sure about the finer details of this strategy

I have a friend who would buy anime figurines of Asuka from Evangelion with credit cards and never pay off the credit cards. I think their credit score is in the shitter, lmao

>>513921043 (OP)
>take largest possible loan
>buy gold
>wait for hyperinflation
>sell gold

>>513921043 (OP)
Credit score is such inane jewish shit. I have never defaulted on a debt a single time in my entire life and I'm 40, so that's a lot of history of repayment. During that time I even had a house at one point, again with everything paid every month, which I sold after 8 years and lived with my parents for a bit for personal reasons. When I went to buy another house, my score wasn't perfect (730 or something) and I asked why, and they said it was because I didn't have enough debt despite my past history. Now that I have another house with an even larger mortgage, its still not perfect. This time their reason is because I have too much debt from the new mortgage, and/or too much ability to have debt because my bank kept increasing the limit on my credit card despite me never requesting this. I make $160k a year and have enough cash to pay off my entire mortgage 3x over, but its still not enough to satisfy them.

>>513921043 (OP)
Buy a commodity that's going to go up in price. A commodity that you know will go up in price over the time of the credit. You'll pay you'll pay back the bare minimum amount. While you keep selling the commodity that you bought. Just keep opening new credit lines and doing the same thing while paying back the bare minimum you can live off this shit

>>513926320
>they said it was because I didn't have enough debt despite my past history

this is why i, in my 40's, have never bothered to acquire credit

it also hasn't stopped me from owning or doing the things I've wanted to do

i also heard the exact same story from my friend's dad who also told me that back in the 70's he could rent a fully furnished apartment for $80 a month

>>513926436
put that all together with
>(((owning a home)))
that you will ALWAYS pay property taxes

and you're simply a renter

just like me :)

>>513921043 (OP)
get a mortgage or pull as much equity as you can out of your home, max out the credit cards on tools, then dig a fucking basement out below your house without getting permits so if the bank ever repos it, its a full loss.

>>513926436
no credit here either
there is simply no need for such kike bullshit

>>513921043 (OP)
maxx out everything, liquidate all assets, buy monero, throw your phone away, delete your email account, get a brand new passport so you have 10 years validity, leave the country, never pay back a fucking penny

in minecraft of course

>>513926723
seriously

>no goy you have to buy a NEW car
>and pay money EVERY MONTH!
>and every mile it acquires
>it loses value

LOL - NO

>buy used car
>"nuuuu goy you can't just circumvent our profane kikery!!"

teehee

>>513921043 (OP)
credit score, is a tool that the banks use to trick you into going over your budget, spending more than you make each month, going into debt, for which you pay them interest.
You'll notice that your score does not go down, when you go into debt, they use the carrot to get you further in debt, by raising your score right up until you are over your head in debt, at which point you are a debt slave, like the chinese.
China's bubble is crashing so hard right now it's insane. People are losing their homes, and still owe the slave masters more than they paid for their property.

>>513926436
I also don't really care. The only time in my life its ever impacted me is a mortgage rate as I always pay everything off on my credit card every month and only use it for cash back + fraud security. I just find it funny that the people behind these scores LARP as if they have infallible financial omnipotence yet make these kinds of mistakes.

Speaking of mistakes, for my entire life it turned out someone had been using my SSN to sign up for credit cards. I used to get credit card offers when I was 13 because of it. When I went to get my last house, I decided to get it corrected finally. At first they told me there's no mistake because they're such and such big dick financial institution and can never make a mistake with all the oversight and experts they have, until I pointed out that in the credit report they sent me, it showed "me" as applying for and receiving credit cards before I was 18, at which point they quickly said they would fix it and ended the call. My credit score actually went DOWN when I did this, not up, because it turns out this guy churning out a constant revolving door of credit actually looked better to them than a normal guy who never takes out more than he can afford and always pays it off.

>>513927060
i mean, as long as it's manageable for you, i'm not trying to talk shit or say anyone is dumb for acquiring credit, i was just always told from a young age about jews and interest, and the entire idea disgusted me, so I've avoided it for as long as i can

hasn't caused any problems yet
>what if u wanna buy home tho
I'll cross that bridge when i can actually afford it

lel

>>513921089
Doesn't seem to really work anymore unless you have no family ties and if you're willing to become "homeless" while having income that can't be garnished. If you're really slick see if you can get a six figure loan and fuck off to another country.

Unfortunately banks/credit companies have caught on in recent years and debt maxing is super fucking risky as they almost certainly will sue and courts will pull your bank records.

>>513927199
For a house it used to be a no brainer because of how low interest rates were (maybe not now). You were guaranteed to make more by putting that money into a stock market index rather than paying off the house (4% mortgage vs 8%+ stock returns). You also get even more money by claiming the mortgage on your tax return. I would say just compare the rate paid to how much you'd get if you used the money for something else. If its less than use credit, if not, then don't. People only get in trouble when they don't invest the money they keep by using credit to make a return, which is what most debt maxing niggers do.

>>513927665
>Doesn't seem to really work anymore unless you have no family ties and if you're willing to become "homeless" while having income that can't be garnished

what if you just leave the country tho?

>>513925819
we're talking about buying consumer goods on credit, not something major where they need a deposit

>>513927754
>You were guaranteed to make more by putting that money into a stock market index rather than paying off the house

yes I've heard something like this before too

but "they" took that away?

just like they ruined marriage

>>513925692
But you're making the credit card company pay for it so wouldn't it be more like taking a loan with zero intent to pay it back?

>>513927788
I mentioned that. It's kind of a /biz/ meme but debt maxxing and fleeing is the safest bet if you can find a place that isn't allied to America.

>>513928095
>debt maxxing and fleeing is the safest bet if you can find a place that isn't allied to America.

welp

>>513928057
not when jewish lawyers for credit card companies are involved, they will garnish + try to imprison you + try to repo all your shit

medical debt is 100% something that doesn't have to be paid though

>>513928310
>medical debt is 100% something that doesn't have to be paid though
beaners do this

just give the hospital a fake name
that's what they do

i got charged $800 for a warm moist towel and for a doctor to tell me to calm down once, lel

>>513921043 (OP)
Anon, the country isn't collapsing, the entire world is in decline.
The collapse will be sudden but right now the entire world is on the way to collapse and there ultimately is nothing anyone can do about it. We don't know when it will be but I cant just say take out loans because what if its in 80 years then you're fucked right?
My plan is to wait for the housing collapse, as it is the end of the 18 year housing cycle and then try to get into real estate as we start to rebound which I estimate, the rebound, will start in 5 to 7 years from now.
Look up the 18 year cycle, look up shmita years, look up global patterns, you can see it is coming and now is the time to get out of the way.
>Pic related written in the 1800s

>>513928465
>enitire world's society collapses
>"I's gon get into REAL ESTATE"

i don't think you've thought this through very well

>>513928542
The entire world wont collapse in time for me to make some money. I give it at least 20 years before it gets bad which gives me almost a whole cycle. I have to get to the point where I can buy land and prepare.

>>513921043 (OP)
Mine was like 824 not long ago. That's what happens when you pay your bills. /pol/ neets despise responsible people like you and me as most are trash low lifes.
Go buy reasonable car. With that score you could almost certainly buy a car with no money down. Just have a job. Or are you looking for a house? Excellent score for getting a mortgage

>>513921043 (OP)
Take a million dollar loan, buy 10 BTC and run to a non extradition country, of course!