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i would if I could get a loan.
anyone knows a loanshark? the kind that will kill me if I don’t pay back
The real question is how many people would have to do this at once to bankrupt the lenders?
Wouldn’t work, after this you’d love life
As someone who has travelled and done a lot of random things in my 40 years of life:
Did you take out a huge loan to pay for it?
Classic life bamboozle
> open an llc
> take out a business loan under llc
> travel the world on a business trip
> declare llc bankrupt
> personal finances unaffected
> repeatAnd I still have to be alive afterwards? Pass.
take out a business loan under llc
You need to have a feasable business to do that part.
Not if you say you do ✨AI✨
TAKE MY MONEY NOW!
Reminds me of this old story
https://brobible.com/life/article/traveled-to-mexico-to-kill-himself/
A gaggle of chicas
> Open 2 bank accounts
> Get 2 credit cards
> Use 1 cc to pay the bill of the other cc
> repeat until credit score is big and cc limit is thru the roof
> go on spending spree
> 2 months of everything free
> flee to country that won’t deport you as criminalAs someone who games banks as best I can this would absolutely not work.
Not anymore at least
Share your wisdom on how you would best take out a loan before suicide
As best you legally can…
Ah, yes, let’s go with that.
Credit cards caught on to this around 2010 or so. That’s why balance transfers always have a fee now. You could do this with either balance transfers or cash advances, both of which have fees now. So you’ll end up increasing the balance by 3% each month.
My grandparents did this for decades with 20+ cards. Yes it’s illegal to do this.
Don’t do it OP, traveling and broadening your mind might make you enjoy life and then you’d not be so nonchalant about deleting yourself. You might end up on prison, where you’ll suffer doubly due to your newfound love of life and freedom! Better semi-suffer in an empty existence for the rest of your life like most others.
Or like, just stay on a foreign beach with your embezzled money and a drink in your hand and never come back. Actually seems like the best option overall…
Happened to a buddy of mine, took out a bunch of loans during covid, and stopped paying rent. he didn’t travel but he lived large, pretty much spent it all on prostitutes and what not, then when the money ran out he couldn’t pull the trigger.
With a little help he got instituted for a few days and then got some government funded counselling (not in the states obviously)
He couch surfed for a bit, luckily we have a tight friend group
He landed back on his feet, still on the hook for all of it and the government started garnishing his wages, But he found a good stable girl who takes care of him and he’s happier than I’ve ever seen him, he works, he takes care of himself. I’m proud of him. He’s come a long way.
Dang, why not.
Sometimes thats the attitude it takes
At that point why not just declare bankruptcy? If he was couch surfing then he had no assets to lose. Sure bankruptcy fucks your credit for a while but it’s better than having nothing and still having your wage garnished. That’s literally the situation that bankruptcy exists for. If you somehow get yourself in a truely irrecoverable amount of debt then it’s your get out of jail relatively free card.
He did go down that path but he wasn’t fully out of depression by then, as part of it he needed to make some monthly payments to the lawyer as I recall, and because he was still on the fence of offing himself he didn’t keep up with it, and once it’s filed and not followed up with, it’s harder for it to get approved in the future, so he kind of fucked himself.
Also half of the loans were government Covid aid that he applied for even though he wasn’t eligible, he applied to everything and they sent him a lot of money because at that point in the pandemic the government was writing blank cheques that they would just follow up with and scrutinize later.
All of that government money is not eligible to be taken care of through bankruptcy, so he would still owe half of the debt regardless.
Also half of the loans were government Covid aid that he applied for even though he wasn’t eligible
Ahh, so he did a bunch of fraud. The reason the government was writing blank cheques was because people were dying in the millions and businesses were failing left and right. He’s lucky he’s not in prison.
I’m glad he’s doing better now, but I can’t help but think of the people who needed that money and might not have gotten it in time (or maybe at all) because of what he did. Does he ever think about that, do you know?
Yes he is aware of the moral implications, clearly the government wasn’t holding back assistance to anyone at the time. Let me just show him your unconstructive comment real quick so he can get down on himself.
I’m really glad that he’s aware of the moral implications of what he did.
Doesn’t sound like you are though. I mean, you just admitted he committed fraud in order to appropriate money meant for people who actually needed it, and now:
- you want to justify it by saying “clearly the government wasn’t holding back assistance to anyone at the time” as though it being an honour system at the time made what he did okay;
- you’re pulling that after you first tried to paper over that they weren’t just any old loans he took out; in addition to which
- you want to try and paint me as the bad guy.
You serious, dude? You’re aware that I didn’t commit fraud during the pandemic, right? And it wasn’t hard either, I just didn’t apply for relief I wasn’t eligible for. You’re aware he wasn’t scamming a bank, he was scamming people in need?
It’s okay to make mistakes, but he is lucky he’s not in prison, and if he can own what he did like an adult then so can you.
Shut up with your holier then thou attitude, he made mistakes and he is paying the money back. You can fuck right off.
If we all did this capitalism would collapse.
“if we all stopped working and just did drugs and hookers the economy would collapse” is not that deep of a thought.
Yeah, but it being a desirable outcome is a bit novel.
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Sounds like we should all do this.
Its all part of the risk calculation that’s made by the loan companies that make these credit offers to those deemed to be high credit risk.
Who they really are trying to hook are people who live paycheck to paycheck and keep rotating a balance of old loan balances and newer loan balances because between origination fees, interest, late fees and any other BS fees they decide to tack on they can make absolute bank indefinitely off of folks who struggle with budgeting and are constantly one surprise away from taking on more debt. Alternatively its folks who think in terms of monthly payments and nothing else
Clearly not, because $country did all this shit, and capitalism did not collapse, somehow…this time.
Not problems ending up ON prison, you just jump down the side.
Hope you’ve got some of that broken leg serum
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My brother in Christ, have you heard of filing bankruptcy?
I… Declare… BANKRUPTCY!!!
I’ve heard of people getting their credit score up, taking out all their lines of credit, then dipping to Europe for 10 years to start a business. By the time they came back, their credit scores were fine again because it had been long enough to not affect it. Obviously planning to do this ahead of time is illegal, but if it just happens by circumstance and you’re stuck in Europe and can’t pay back the debt for 10 years then like…
Default judgment wants a word with you
My understanding is you can absolutely end up with a lien and other such things, so it wouldn’t be a good idea unless you’re ready to burn every financial bridge with the US for the foreseeable future. But if you’re not coming back, then that’s that I guess.
Then like…what? You have massive debt and can never return? Or we’re pretending Europe is a different planet and you can just “start new”?
“You’ve heard of people”. No, you haven’t.
Surprisingly enough it’s incredibly technically feasible.
The biggest challenge is actually maintaining good standing with the federal government because over the last 20 years or so they’ve been racking on more and more income taxes on foreign income, and if you live abroad as a US citizen you’re still legally required to pay income tax. Then once expats started renouncing their citizenship because of the rapidly increasing cost of maintaining a citizenship they no longer needed the federal government started throwing more and more barriers up to make it harde and more time consuming to renounce your citizenship
Just claim you are secretly mexican or something, I heard that works quite well.
nO yOu HaVeNt sorry for not including a link that took me three seconds to google, asshole
https://www.reddit.com/r/expat/comments/1bwy9qt
Europe doesn’t use the same credit history system as the US; so yes, it quite literally is a different planet in that sense and you quite literally can start new. This is not financial advice.
Oh so you googled it now? Back down from having heard of people doing it?
Spoiler alert, hasn’t happened! And you haven’t heard of anybody for whom it has! So I stand by my statement.
It’s theoretical nonsense, and credit scores are not the same as creditors, but keep talking nonsense about this “one weird trick” you heard on Facebook!
You’re being unnecessarily aggressive, it’s a common expression that they heard of it on the internet.
They didn’t say they personally knew people who experienced it first hand. So he looked up the specifics when questioned.
Fun fact: the Big Three US American credit unions have a time horizon of seven years. This is set by law. This fucks me, because all my credit accounts are older than that. But the seven year horizon is good for this guy and folks who have declared bankruptcy.
Because of that time horizon my wife briefly had no credit score at all. She trashed her score at 18 then never tried to touch credit again because “I already know my credit is trash” then it all fell off (and whatever went to collections had already been garnished from her tax returns and whatnot) and she effectively had a clean slate with no credit history
Europe is a big place, are we talking flee to the UK or Albania?
I know a guy who skipped on nearly a million in debt. Moved overseas and we didn’t see him for around ten years. Nice guy. I just wouldn’t do business with him. His last check to me was good by the way. He called me and told me to cash it before a certain date and I did.
Just put your ultra capitalist hat when the time comes to repay them. Tell them its a free market and they took a risk like all for profit ventures, but its not looking good for them and better luck next time. Also nice tits bro, very milk.
Thats how i feel about the idiot debt collectors making themselves liable for my small medical debts :) like, i didnt ask you to pay for that bro but thanks i guess lol
“yea I didn’t pay it, what are you gonna do, not treat me?”
You can do this, but their response will be to tank your credit. Which makes it hard to get any new loans. Including home loans. Also makes it hard to rent a place, since almost all landlords do a credit check. Hard to get a normal auto loan if you need to buy a car. And iirc, your credit card interest rates will go up.
When i said small debts, im talking under 100 bucks. That doesnt go on my credit report.
I like how this image smugly pretends like it’s above it all when lust and time wasting questions are like 2/5 pillars of the human condition.
It can get kind of old seeing stuff on social media that’s just using every easy trick available to fish for engagement though, especially when now a lot of it is probably bots and various propaganda campaigns. Especially if it’s being posted somewhere that people can otherwise have more thoughtful and interesting conversations.
(. )( .)
Alright fine, I admit it! I like boobies!
I approve this message
Neuron status: Activated
Yes yes, time. spent on this post definitely for answering a question
Picture related … Or not?
Tjat aside anaon, just decakre bankruptcy.
But i think anon’s plan will fall at the first hurdle, getting a large loan requires collateral.
meanwhile I make poor choices and do fuck all and the bank keeps offering me loans and cc limit increases until I begged them to stop twice
My wife has had bad credit for a good chunk of the time we’ve known eachother, and its really incredible seeing what circumstances cause the offer letters to start or stop flowing. Basically the only thing that made the offer letters stop fully was when she got a head injury and couldn’t remember to do any weekly or monthly tasks and defaulted on all 3 of her credit cards. That stopped the letters for a few months until the first couple of cards were paid off in full from collections and then the credit offer letters started flowing again.
Capitalist banks and oligarchs commit fraud like everyone. The difference is that they don’t get held responsible, and force others to suffer instead.
It might work that way in the first life but then when you’re reborn you’re gonna have really poor credit score and that sucks too in its own way.
Oh god. Don’t even joke about this. lol
The problem with getting that big loan is you need an income and some money first
I mean, most of the time they don’t really check. At worst you might get a company which wants a paystub or two to verify income but those are just PDF files that can be edited. If you’re already planning on breaking some laws and contracts, nothing to stop you from breaking a few more
