[mr85]

Say at the moment you have no jobs and the future doesn't look too bright, is racking up credit cards a fun way to do some vacations, shopping, etc if you're given a 100K limit??

spend the 100k then file bankruptcy, that's like 100k of free $$$ credit card companies shouldn't have loaned out to you without knowing the person doesn't have the ability to repay. :D

[BNR32_Coupe]

Say at the moment you have no jobs and the future doesn't look too bright, is racking up credit cards a fun way to do some vacations, shopping, etc if you're given a 100K limit??

spend the 100k then file bankruptcy, that's like 100k of free $$$ credit card companies shouldn't have loaned out to you without knowing the person doesn't have the ability to repay. :D

how u get limit liek dat iz so high $100k but no job, impossibre???

[dachinesedude]

you're a genius!

[What_the?]

as tempting as it sounds, messing up your credit for at least 7 years after that just can't be a smart idea... So many things may change in your life which you cannot predict... not worth the quick joy ride now

[mr85]

how u get limit liek dat iz so high $100k but no job, impossibre???

dunno man, i have like 4 or 5 credit cards with limits of atleast 10G's each. i lie that i work for my father and that i make 50,000 a year when i applied for these cards. :D

[StylinRed]

fucking up your credit rating is the dumbest thing you could ever do

[Nisota Skypra]

Don't do it.. You'll never be able to get a mortgage for a house.. Or anything else for that matter. Sure it's seems like a good idea at the time, but in 7 years, you'll probably look back and want to knock yourself out.

[mr85]

fucking up your credit rating is the dumbest thing you could ever do


my old man is gonna gift me a condo in a year or two so i wouldn't need credit to buy a place. but maybe if i want to start a business of my own or something

[MWR34]

google adwords at its best

http://img718.imageshack.us/img718/3373/eeke.jpg

[IfUCare]

nonono, here's a better idea...
since you're going to do that anyways, apply for more credit!
borrow against your LOC, hell get your parents to co-sign on a loan!!!
why stop at 100k?
Making it 1mil!!
or you could be a fucking responsible person, and own up to your debt, and learn to manage your money. With a thinking process like that, you'll never dig yourself out of that hole.

[Lomac]

http://rofl.wheresthebeef.co.uk/Keep%20on%20Trollin.jpg

[Meowjin]

i wish you stayed banned

[Jgresch]

worked that 12k up to 100k huh...
http://www.revscene.net/forums/personal-bank-loan-t618442.html?t=618442

[alex.w *//]

just do it

[spyker]

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.

[tonyvu]

fucking up your credit rating is the most dumbest thing you can do, your gonna be fucked later down the road for sure.

[Arash]

In response to Spyker, central banks decide how much money should be printed in Canada, the States and pretty much the whole world. They fund both sides of wars and are the plague on this planet.

Milk them for as much as you can and by the way, I sell expensive "art pieces" if your interested in liquidating some of that money ;)

[jasonturbo]

I think this is a brilliant idea :) Bankruptcy is like a financial gift from the gods.

No I'm not kidding. First bankruptcy is on record for seven years, nobody NEEDS credit to survive, I have never had a loan or had any debt, live within your means for the next seven years after the 100k see the world free vacation lol.

Nevermind the argument about bankruptcy destroying your credit, some people manage to go bankrupt, and then within two years end up filing for a second bankruptcy lol So getting credit after bankruptcy is obviously not impossible.

Kind of a retared thread though hahaha.

[BNR32_Coupe]

In response to Spyker, central banks decide how much money should be printed in Canada, the States and pretty much the whole world. They fund both sides of wars and are the plague on this planet.

Milk them for as much as you can and by the way, I sell expensive "art pieces" if your interested in liquidating some of that money ;)

central banks just manage the mediums of exchange, aka money, in relation to the countries economic health, political policies, agendas, etc.

you could say they fund the war, but so do people.. doesn't make it ethical to kill people. but i like your salesmen justification though lol it would have me convinced if i didnt know much about economics

[Razor Ramon HG]

Fraud

[br2]

GO FOR IT OP
FUCK THE SYSTEM

[Arash]

central banks just manage the mediums of exchange, aka money, in relation to the countries economic health, political policies, agendas, etc.

you could say they fund the war, but so do people.. doesn't make it ethical to kill people. but i like your salesmen justification though lol it would have me convinced if i didnt know much about economics"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.

[PJ]

http://i303.photobucket.com/albums/nn159/Captain802_Second/obvious_troll.jpg

[mr_chin]

DUDE! If you can cash advance the 10k from each of your credit card. File bankcruptcy 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.

[hotjoint]

mr85 and diesel test should hang out and share stories of how they got in debt and ways to keep getting themselves into more debt

[danned]

he's juszt.....super troll

[taylor192]

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]

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 (http://www.revscene.net/forums/announcement.php?a=228)

[mr85]

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 (http://www.revscene.net/forums/announcement.php?a=228)

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

[hotjoint]

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

this guy is obviously trolling

[jasonturbo]

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]

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]

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

Kev

[jasonturbo]

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!]

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]

^


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]

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

[WingHang]

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]

http://www.youtube.com/watch?v=HuGIgf-ICHM

[flagella]

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]

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]

"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]

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

[darkfroggy]

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

[jasonturbo]

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]

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]

^


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/world-biggest-hole-5.jpg

[lgman]

great idea. http://familyguycutaways.com/images/Pictures_Online/Family%20Guy%20Peter%20and%20Brian%20flag%20suit.g if

[RiceIntegraRS]

^


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]

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.

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.

[MWR34]

the exact thinking of every stupid american who made the economy the way it is today.

[iEatClams]

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.

maybe you should check into visa/mastercard profits.


they make most of their money off of transaction fees. . . . . .they charge up to 2.5% or higher on each credit card transaction. This is why UBC and universities dont allow u to pay with credit cards anymore.

for example, if they charge the businesses 1% on each transaction. and that company does $100K in charges a day. The company is paying visa $1000 for allowing customers to pay with Visa for that day.

These % sound small, but on millions of dollars of transactions per day. . . . . thats why credit card companies make a killing.

[jasonturbo]

maybe you should check into visa/mastercard profits.


they make most of their money off of transaction fees. . . . . .they charge up to 2.5% or higher on each credit card transaction. This is why UBC and universities dont allow u to pay with credit cards anymore.

for example, if they charge the businesses 1% on each transaction. and that company does $100K in charges a day. The company is paying visa $1000 for allowing customers to pay with Visa for that day.

These % sound small, but on millions of dollars of transactions per day. . . . . thats why credit card companies make a killing.

Maybe you missed in this thread where I said something along the lines of...


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...

[BNR32_Coupe]

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.

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.

Lolol With regards to hitlers movemet in ww2 IBM developed primitive computational systems to efficiently quantify how many Jews are killed in concentration camps, why don't we steal IBM computers and blow up their offices?
Posted via RS Mobile (http://www.revscene.net/forums/announcement.php?a=228)

[Arash]

Silly fool, the question in hand is about how Germany attained such wealth to make an industry of weapons manufacturing. Funny how the system has brain washed you and redirected your train of thought to what they want.

I dont blame you, I was never taught the following in class either. *note, persons with a short attention span will find this boring.
http://www.youtube.com/watch?v=YauM5dHLn1s

[OTG-ZR2]

*note, persons with a short attention span will find this boring.

thats like 90 % of RS.

[drunkrussian]

hey man i think u should go for it and report back on results. Maybe do some heroin and have unprotected sex with a hooker while ur at it as well. Let me know how it all goes.