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-   -   jobless and a high credit limit (https://www.revscene.net/forums/626897-jobless-high-credit-limit.html)

danned 10-07-2010 07:16 AM

he's juszt.....super troll

taylor192 10-07-2010 08:04 AM

On a serious note:

You could take the $100K and run, literally. Hide it, declare bankruptcy, then take off to another country for 7 years. In the other country you will have no credit history, yet that is better than bankruptcy here. Pick a country without an agreement with Canada and creditors won't be able to follow you.

I do not recommend this. I think you're scum of the earth if you do it. Yet you can legally do this, which is a shame.

MDMA 10-07-2010 09:04 AM

Take it from someone who works at a bank, don't fuck ur credit !!!! Wen it goes into collections they will seize ur car and/or house for sure!
Posted via RS Mobile

mr85 10-07-2010 09:38 AM

Quote:

Originally Posted by MDMA (Post 7134829)
Take it from someone who works at a bank, don't fuck ur credit !!!! Wen it goes into collections they will seize ur car and/or house for sure!
Posted via RS Mobile

i dont have a car/house under my name. :p

hotjoint 10-07-2010 09:46 AM

Quote:

Originally Posted by mr85 (Post 7134873)
i dont have a car/house under my name. :p

this guy is obviously trolling

jasonturbo 10-07-2010 10:29 AM

Quote:

Originally Posted by spyker (Post 7134495)
Fuckheads like this guy,that pull scams like this,is one of the reasons why CC companies charge such high interest rates,unfortunately the honest people pay for it.

Are you fucking retarded? Pretty sure this isnt why they charge outrageous interest rates, and if you dont like it, dont buy shit you dont have the money for.

CC companys charge whatever YOU as the customer let them charge, if everyone would just stop living their lives beyond their means, then credit card companys would have to try a lot harder.

They have high interest rates to make money, not to cover loses... maybe you should check into visa's/mastercard's profits, see what the IPO for VISA was like ad what it did... these companys make piles of money from retards who live their lives making minimum payments.

C5_Ryder 10-07-2010 10:59 AM

First of all, the debt doesnt go away.

Interest might stop, but they will figure a way to garnish your pay checks for the rest of your life. After 7 years your not okay, that is on your record. You'll be considered high risk.

Roach 10-07-2010 11:18 AM

Your thread title should have been "Help me find a job".

Kev

jasonturbo 10-07-2010 11:27 AM

Quote:

Originally Posted by C5_Ryder (Post 7134979)
First of all, the debt doesnt go away.

Interest might stop, but they will figure a way to garnish your pay checks for the rest of your life. After 7 years your not okay, that is on your record. You'll be considered high risk.

If he files for bankruptcy he is protected from unsercured creditors like his CC company.

They cannot even contact him during his bankruptcy, and after the bankruptcy is discharged, he will be free and clear.. the debt goes away.

Yes he will have a bankruptcy on record for 7 years from the date of discharge, which is 9 months after he files for bankruptcy, as long as its his firts one.

Neg. feedback only stays on credit report for 7 years, with the exception of multiple bankruptcys.

Manic! 10-07-2010 11:32 AM

Quote:

Originally Posted by aznlangjai (Post 7134688)
DUDE! If you can cash advance the 10k from each of your credit card. File bankruptcy afterwards and then open up a business. With a business, you can easily rebuild your credit with a secured credit card. But I can't think of any business you can start with 100k.

You know they will check your bank accounts for money when you file for bankruptcy.

And there's tons of business you can start for under a 100K.

Mugen EvOlutioN 10-07-2010 11:34 AM

^


sounds like a loop hole, or just too good to be true.


A lot of ppl can live without a loan for 7 years, its not that hard

quasi 10-07-2010 11:52 AM

It's the whole point of bankruptcy. Why would someone go bankrupt if creditors could still go after them.?

WingHang 10-07-2010 11:54 AM

get the 100k. send it back to china or whatever country you have family in. then file bankruptcy and flee the country

100k CAD in china is enough $ to live off of happily ever after.

jmvdesign 10-07-2010 11:57 AM


flagella 10-07-2010 11:58 AM

Quote:

Originally Posted by spyker (Post 7134495)
Fuckheads like this guy,that pull scams like this,is one of the reasons why CC companies charge such high interest rates,unfortunately the honest people pay for it.

Are you serious? Credit card charges high interest because of dumbass people who can't control their spending. You'd be a fool to pay any interests on things you buy with credit card. We should be thanking those dumb fools who pay such high interests because that's why CC companies can offer great rewards like 1% cash back.

flagella 10-07-2010 11:59 AM

Quote:

Originally Posted by WingHang (Post 7135038)
get the 100k. send it back to china or whatever country you have family in. then file bankruptcy and flee the country

100k CAD in china is enough $ to live off of happily ever after.

In a crappy city yea. Nowadays major city expenses aren't that cheap.

BNR32_Coupe 10-07-2010 04:27 PM

Quote:

Originally Posted by Arash (Post 7134645)
"just manage the medium of exchange"... watch the documentary "money as debt" and the other videos its makers have made and you would change your mind.

I dont know what you mean as people funding the war too, the owners of the central banks are people/families who decide this stuff I guess, but stealing from the man is justified by all means.

does that video tie into the illuminati and other conspiracies as well? if so, i don't have time for that. even if the illuminati existed, as long as i have my 9-5, fair salary, poon, weekends, and beer, then im good. couldn't ask for more than that, except maybe a lambo and a ducati.

war is caused by political agendas, supply + demand, nationalism, human nature, scarce resources, religion, etc. financial institutions dont cause wars, they're a part of the supply chain of resources between war and its motivators. plus, stealing from the supply chain doesn't sabotage wars in any way, they'll just increase rates in order to compensate for losses.

Shead 10-07-2010 04:27 PM

please do it, and report back to us. thats if the repo ppl dont come and take away everything u own

darkfroggy 10-07-2010 04:30 PM

If OP can't write a proper sentence, how can he manage a credit card?

jasonturbo 10-07-2010 04:31 PM

Jesus...

First of all, yes I love my cash back rewards card, even if it is only 1%, it`s better than nothing.

CC companys make sooo much money, the companys allow customers to pay with CC`s pay the cc companys a % for every transaction, so imagine every time you use your visa to pay for anything... anywhere from 1-4% of the purchase value could be going to the cc company...

Then there`s the people that carry a balance month to month, most of them probably in the 10-20% interest territory... then there was the big credit card bill pushed through this year to keep credit card companys from pulling this little stunt..

Imagine your cc company, on purchases you pay 12% interest, but on cash advances (Pulling cash off your visa) you are paying a much higher rate, as high as 28%... well the credit card company could process your payment as the preferred, so what they would do is put the payment towards the purchases as a priority, and the cash advances second, so the consumer pays as much interest as possible, now the are legally obligated to split payments 50/50 between purchases and advances..

So please people, by no means are the CC companys falling on hard times lol.

Credit is IMO there to be abused just as much as it is to be used in a responsible manner, cc companys give these things to people they shouldnt in hopes they will max it out, and make min monthly payments the rest of their lives. It's called risk management and the CC companys know exactly what they are doing. When they issue a cc card to someone that really should have one, they took a risk... if they dont want to get burnt they need to tighten up lending standards.

I hate credit, and I hate realtors and mortgage brokers even more, the fact that all mortages are insured in canada through cmhc is retared, this is why real estate has gone up so high, cause banks lend to anyone (people that actually cant afford retarded housing prices) since they have no risk becuase if you default on a mortgage in canada, cmhc protects the banks from any financial loss... so why would the bank care about who they give mortagaes too, they have no risk. Makes no fucking sense at all... people are so gung ho that housing has gone up, but I doubt there is a single person who wouldnt prefer they got their house for 40% of what they paid for it lol. But real estate is pushed in a way that if you dont buy now you will be "priced out" cause god forbid it is IMPOSSIBLE for real estate to depreciate... especially in the lower mainland... blah blah blah...

There is my financial rant. Dont buy shit you cant afford, real estate has more than doubled in value in the last decade... has the average household income doubled? No it has barely changed, but consumers are emotional retards and like living like broke bitchets with no money, house rich and cash poor and one swing in the wrong direction they get caught with house, which they have no equity in, and are unable to escape their mortgage.

Grumble grumble grumble. Companys are getting way to rich, middle class is getting wayyy too poor.

darkfroggy 10-07-2010 04:38 PM

Quote:

Originally Posted by jasonturbo (Post 7135375)
Jesus...

First of all, yes I love my cash back rewards card, even if it is only 1%, it`s better than nothing.

CC companys make sooo much money, the companys allow customers to pay with CC`s pay the cc companys a % for every transaction, so imagine every time you use your visa to pay for anything... anywhere from 1-4% of the purchase value could be going to the cc company...

Then there`s the people that carry a balance month to month, most of them probably in the 10-20% interest territory... then there was the big credit card bill pushed through this year to keep credit card companys from pulling this little stunt..

Imagine your cc company, on purchases you pay 12% interest, but on cash advances (Pulling cash off your visa) you are paying a much higher rate, as high as 28%... well the credit card company could process your payment as the preferred, so what they would do is put the payment towards the purchases as a priority, and the cash advances second, so the consumer pays as much interest as possible, now the are legally obligated to split payments 50/50 between purchases and advances..

So please people, by no means are the CC companys falling on hard times lol.

Credit is IMO there to be abused just as much as it is to be used in a responsible manner, cc companys give these things to people they shouldnt in hopes they will max it out, and make min monthly payments the rest of their lives. It's called risk management and the CC companys know exactly what they are doing. When they issue a cc card to someone that really should have one, they took a risk... if they dont want to get burnt they need to tighten up lending standards.

I hate credit, and I hate realtors and mortgage brokers even more, the fact that all mortages are insured in canada through cmhc is retared, this is why real estate has gone up so high, cause banks lend to anyone (people that actually cant afford retarded housing prices) since they have no risk becuase if you default on a mortgage in canada, cmhc protects the banks from any financial loss... so why would the bank care about who they give mortagaes too, they have no risk. Makes no fucking sense at all... people are so gung ho that housing has gone up, but I doubt there is a single person who wouldnt prefer they got their house for 40% of what they paid for it lol. But real estate is pushed in a way that if you dont buy now you will be "priced out" cause god forbid it is IMPOSSIBLE for real estate to depreciate... especially in the lower mainland... blah blah blah...

There is my financial rant. Dont buy shit you cant afford, real estate has more than doubled in value in the last decade... has the average household income doubled? No it has barely changed, but consumers are emotional retards and like living like broke bitchets with no money, house rich and cash poor and one swing in the wrong direction they get caught with house, which they have no equity in, and are unable to escape their mortgage.

Grumble grumble grumble. Companys are getting way to rich, middle class is getting wayyy too poor.

Grumble grumble, HST made my family starve and the blood alcohol lowering to 0.5 totally ruined all my parties. The Conservatives are all right-ring, money-loving, Bush-humpers who like to spend $9 billion on planes to protect us from communists who drink vodka and fly antiquated Lochkin planes.

:rolleyes:

BNR32_Coupe 10-07-2010 04:39 PM

Quote:

Originally Posted by Mugen EvOlutioN (Post 7135020)
^


sounds like a loop hole, or just too good to be true.


A lot of ppl can live without a loan for 7 years, its not that hard

if you're married, you can live off your spouse's credit. eg, have your wife apply for mortgages, both of you pay half for it every month. when you seperate, you'll still get half, even though your wife signed the thing into her name fully. i think as long as you have a contract between you and her stating that the house is owned by both of you, then you're good.

so husband rakes up $100k cash, goes bankrupt, then wife applies for a $300k mortgage (decent condo), and you got your $50k down payment and two $25k cars. after 7 years, transfer the mortgage into husbands name, wife rakes up $100k, goes bankrupt, spend money lavishly. wash, rinse, and repeat.

http://www.popular-pics.com/PPImages...est-hole-5.jpg

lgman 10-07-2010 04:49 PM

great idea. http://familyguycutaways.com/images/...lag%20suit.gif

RiceIntegraRS 10-07-2010 04:52 PM

Quote:

Originally Posted by Mugen EvOlutioN (Post 7135020)
^


sounds like a loop hole, or just too good to be true.


A lot of ppl can live without a loan for 7 years, its not that hard

i agree

maybe im being naive here but not every1 needs to start a family, get a loan for a house, and start a family. some people out there will just party it up, buy lavish things, and pile on the debt as much as humanly possible and when it comes to paying it back, then wont. Its adios for them or if anything they just declare bankruptcy. maybe im missing something here, but theres alot of people out there that can live without a loan for more than 7 years or go without a loan forever.

im not one of those people, but i know some people that dont care about there debt.

Arash 10-07-2010 05:50 PM

Quote:

Originally Posted by BNR32_Coupe (Post 7135368)
does that video tie into the illuminati and other conspiracies as well? if so, i don't have time for that. even if the illuminati existed, as long as i have my 9-5, fair salary, poon, weekends, and beer, then im good. couldn't ask for more than that, except maybe a lambo and a ducati.

The videos are about money and everything revolves around money, one can say ignorance is bliss but when it comes around and bites your ass, its going to hurt.

Quote:

Originally Posted by BNR32_Coupe (Post 7135368)
war is caused by political agendas, supply + demand, nationalism, human nature, scarce resources, religion, etc. financial institutions dont cause wars, they're a part of the supply chain of resources between war and its motivators. plus, stealing from the supply chain doesn't sabotage wars in any way, they'll just increase rates in order to compensate for losses.

Wrong, technically "financial institutions" give out enormous loans to weapon manufactures to create and profit from weapons. How do you think Hitler's Germany was able to mass produce its arsenal, owners of the central banks funded it to meet their agenda... they funded both sides of the war and the millions that died and die today are just statistics to them.


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