I have $15000 of credit card debt
>>85561525oof file for bankruptcy
i have about 300 bucks in debt. no job, no one will hire. about to buy vidya dlc so make it 400
>>85561525I have $15,000 in credit card debt credit card debt When they call I tell them I can't pay it back yet credit card debt Tomorrow I may buy myself this dining room set or this boba Fett credit card debt credit card debt credit card
>>85561525I have about $5000. I just transfer it to another card every couple of years. I would be fucked with $15000.
>>85561535BBB (based beyond belief) >muted by nigger faggot system
There will soon be universal debt forgiveness and universal basic income, just keep debmaxxing until you can't no more, and then just literally don't answer the phone. Seriously, not a peep out of you. The credit card companies assume the risk of customer defaults, small beans compared to their massive profits, and sell the delinquent balances en masse to third party collection agencies. By simply never acknowledging that you owe debt after this happens, you can just wait until it gets erased.
>>85561525You can't just pay it off? You have to come from money or be making decent money if a credit card company is giving you a credit limit that can reach 15k in debt. You're retarded with your finances.
>>85562681Gemini agrees>>85562742Most individual card limits are around $5000, even for former wagecucks. He probably has a Visa, Mastercard, and Discover/CapitalOne.
>>85561525Consider consolidating with a personal loan
>>85562879No thanx Pajeet
>>85561525whats ur salary? if its medical debt dont pay it but normal debt it can be paid off in a few years
$15,000 is nothing my net worth is 10x thatthis would only take like one year of payments to pay off
>>85562681"soon" being not until after all the boomers have died so at least another 15 years
>>85561525wow, makes my $2000-ish in debt seem not so bad
I have $22k and I wish I stopped paying earlier. I learned that paying the minimum is just throwing money away so why bother.Chase asked to settle for a whole 2k less, but I don't give a crap.
>>85561525I have 480 right now. My parents are open to paying it off, but I want to feel responsible right now.
>>85562922As soon as February 2029
How do people get into debt in the first place? Just don't live beyond your means.
>>85562943you wouldn't understand because your only life experience is mommy's basement. sometimes shit happens, bro lol
>>85562943What do you do if the rug is suddenly pulled from under you, hmm? Lose your income, lose your health, lose your family member's health and you have to take care of them.
>>85562926This is called servicing the debt, which means if you still have credit available and means to make minimum payments, you can postpone going into default and retain purchasing power for the time being. Many Americans are doing this now, so no need to worry about it, going to be countless bankruptcies in the next 2 years.
>>85562940boomers will live to 90 and the youngest are still in their 60s
>>85562943since 2016 ive only used my credit card for subscriptions and keep it on autopay to keep my credit pretty, i dont know how people rack up thousands of debt either>>85562950>ugh i love consuming!!! i like thinnnnggggggssss i like consuminng its good for me!!! LMFAO
>>85562955I have assets I could sell
>>85561525In the US, many states have 6 year statute of limitations to sue for breach of contractHope that the 6 years runs out without them suing you
>>85562979>>ugh i love consuming!!! i like thinnnnggggggssss i like consuminng its good for me!!!Where in that post did he say any of that?
>>85563006Read between the lines, it's pretty clear.
>>85562763Anon fucked up by not paying his credit cards off in time and just let it sit. Now he has to make the payments while his credit goes down the crapper
>>85563053If you're bankruptmaxxing, you have to keep making minimum payments on time until you can't, then you completely ghost until everything is in collections and you're ready to file for bankruptcy.
>>85562681Not even the most liberal European countries have or are planning to implement UBI. Finland tried it with mixed results. Obviously, the people that received UBI were happier, but the state couldn't conclude if it was damaging/beneficial to the economy. That's what I remember from skimming over the Wikipedia article.
>>85563058Or you could just not rack up thousands of dollars in debt and never pay them back in full?
>>85562943It's over once you start getting raped by credit card interest. If you can't pay off the balance, then it just snowballs.This has never happened to me, but even if you pay like 95% of the statement balance, they'll still charge interest for the entire balance. For most people, interest rates are >20%.There are ways to avoid this, but if you keep charging the cards then the issuer will turn you out before you can think about fixing the situation. For people who passed high school algebra, this screams DON'T USE YOUR CREDIT CARD AS A LOAN. Most people don't understand that, though.
>>85562742>You have to come from money or be making decent money if a credit card company is giving you a credit limit that can reach 15k in debtCredit card companies do not verify income (as a rule anyway, under special circumstances they do.) You can literally just make up a number and no one will care.
>>85563221You're supposed to pay it off in full. If your credit limit is 1000 bucks, you use 400, the minimum payment is 50 bucks but the statement balance is 400 then you are supposed to pay off 400. If you use your card and the balance goes up then even if you paid 400 it'll reflect how much you used so if you use 200 and you paid 400 then it'll still show you have a balance of 200. You reduce the balance by paying it off so the next statement shows you used 300 or 200. If you only make the minimum payments then the balance rolls over into the next statement balance and it shows high usage and that is when the interest starts accruing. If you use 400, pay all of the 400, then use 10, 25, 50, 100 bucks of your credit so the account statement reflects you used it and didn't have high usage. You didn't let the balance roll over, you didn't make a late payment, now you're in the clear. Creditors still want to see some usage but they want it to be below a certain threshold so it reflects that you're responsible with credit.
