patrick.net

There should be no tax credits for anything, especially someone else's brats.
If you can't afford them, don't have them.

PeopleUnited says

AD says

Senior care will be a growth industry.

As will crematorium and mortician.

its like a big dead animal that a snake swallows and works its way through the front and to the end of the snake

follow that dead animal as it works through the snake as far as the economy trends based on demographics

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Misc says

Looks like the banks are gonna have to write off at least $200 billion in bad credit card debt.

AD says

Misc says

Looks like the banks are gonna have to write off at least $200 billion in bad credit card debt.

AD says

Misc says

Looks like the banks are gonna have to write off at least $200 billion in bad credit card debt.

They don't have to write off anything. People understand debt from the consumer standpoint. ALL of it including consumer debt doesn't need to be repaid. I can't reiterate this anymore. No one has to pay their debt. Collections are paid debt. Short sell your house. There's literally no reason to pay anything. Taxes and student loans aside. You don't have to pay anything. Blacks got this down decades ago. Are white people this dumb?

WookieMan says

No one has to pay their debt.

A buddy of mine has a personal loan from Silicon Valley loanshark SoFi Bank. He is looking to try to negotiate the debt with his dad who is a lawyer. He is hoping he can cut a deal with SoFi and walk away from not paying the balance based on what he paid off so far.

My family member negotiated with a credit card company and they lowered her rate to 2% as long as she did not use the card while she was paying off the balance. She got a reverse mortgage (at rate of Continuous Maturity Treasury + 1.25% margin rate + 0.5% FHA insurance rate) to pay off her credit card debt.

WookieMan says

AD says

Misc says

Looks like the banks are gonna have to write off at least $200 billion in bad credit card debt.

They don't have to write off anything. People understand debt from the consumer standpoint. ALL of it including consumer debt doesn't need to be repaid. I can't reiterate this anymore. No one has to pay their debt. Collections are paid debt. Short sell your house. There's literally no reason to pay anything. Taxes and student loans aside. You don't have to pay anything. Blacks got this down decades ago. Are white people this dumb?

Maybe they have a higher moral standard, not everybody thinks it's cool to default. It is certainly true that many people don't realize that they have plenty of room to negotiate down their debt, but if too many start doing this there will be a domino effect and you will see a severe financial crisis akin to 2008. Banks have definitely started to tighten although there are still plenty of CC offers. However you get more money now for opening a checking or savings account, or both, and great interest rates. Banks are anticipating a cash crunch and started competing for your money again instead of your debt. Chase gives you $900 just to open a checking and savings account and keep like 10 or 15k in it for 90 days.

mell says

Maybe they have a higher moral standard, not everybody thinks it's cool to default.

I don't do it. I'm just stating how it is. A debt collector paid your debt assuming you'd pay something. Your credit is already shit and the debt was paid by the debt collector. It's paid. Attorney's and debt collectors create fear to make money. It's water under the bridge. Debt collectors can't garnish wages. They have no recourse.

I get the domino effect. Maybe charge lower rates on CC's? Maybe there would be less defaults. I don't feel bad for a business charging 25% interest rates losing money. Fuck 'em. I pay on time, but an argument could be made they're cock suckers feeding off the financial unintelligence that is common in 80% of the population. Most of it is poor people and people of color. Should be a Dem policy but they're common retards.

Again, not promoting defaulting. Just saying it's not a big deal. My BIL killed himself over it. Helped about 100 homeowners short sell their homes 2007-2012. Don't get emotional. All are doing better than when they had bad debt. I think my personality speaks for itself here. I give zero fucks and know the ins and outs. You don't have to pay debt. Your house is protected and retirement account. Rack up some CC debt and take the credit hit. NEVER file BK. Dumbest move you could do and have been forced you have to do by the industry.