Has biz ever been in debt before? Not talking auto loans or mortgage or student debt. How did you get out of it?
Restructure it, work more, spend less
>>62259840No I'm not goycattle
Yeah I had a mental breakdown and a passport and took a $50k personal loan from American Express, and fled to Thailand. Basically just spent money at brothels and drank and smoked for like 2 years spent a lot of the money and then “invested” (more like gambled) it in my TD Ameritrade account into tech stock options (in the money, long term). I ended up coming back to the US and paying off Amex after creditor calls for missing payments. Don’t really have a moral since I got bailed out by sheer dumb luck. I work as an accountant in the states and I’m miserable as fuck wanting to go back
>>62259840Payday loans. Needed food. I just ignored them and let my credit tank. it's been 15 years and I've never even been approved for a phone contract or bank account (I use pay-as-you-go vouchers and cash). I've gotten used to it and don't care anymore.
>>62259840I've declared bankruptcy 3 timeschapter 7, so all the debt was wiped out. One of them was medical debt though. I didn't really ask for that.
I got up to like $3 or 4k in consumer debt. I moved it over to a Wells Fargo Reflect card which eliminated interest payments for like 2 years and I was able to pay it down in like 6 months. I don't have a high paying job by American standards.
>>62259840no I've never owned a credit card
>>62259840Had $50k in credit card debt. Had a 0% interest introductory rate that they forgot to reset for years, and just racked up the free debt. Then one bill I noticed they'd hit me with a 20-something percent interest rate.I paid it off within 6 months. e z p z.
I owe over 1800 in utilities and make no money my life is a living nightmare.>what about loansI'm too broke for that shit.
>>62259871This is how you know the world is corrupt, I'm a good person who was struck with terrible health issues.This guy takes out loans and blows them on hookers and gets bailed out and whines about not being around thai ladiboys.I can't believe the pattaya anon is still fucking here.why.. you make 140k a year why are you on /biz/
>>62259962fuck, thank you for this tip. I never knew that existed.
>>62260245wtf do you mean consumer debt is just a catch all term for loans.
>>62260262oh you meant the wells fargo thing nvm.
