/biz/ - Business & Finance

Cause people are stupid
Are you too stupid to understand?

>>56454872
>spend money I don't have and become a slave
They are.. THAT stupid?

>>56454888
Yes. Most people don’t even hold a sui stack of chainlink

>>56454864
Morty Herschelthief goes up to the poors and says, if you pay me back X plus interest next month you can buy X worth of stuff today. That essential scam underpins the entire operation.

I was chatting with a woman once who remarked, "I just accidentally paid three bills and now I don't have enough money for Christmas presents for the family." I asked, "How did you accidentally pay three bills? Don't you have to pay those off or your services get shut down?" She said it was actually three minimum payments toward a single credit card bill. She had only meant to pay one payment and had "screwed up," by paying three payments. It turns out there is a whole lifestyle based around making minimum payments and that's how credit card companies make a ton of their money.

>>56454899
Literally how? The interests on credit card debts are absurd. You can get neck-deep within months with minimum payments alone.

>>56454945
Most people are neck deep in credit card debt
Most people are retards
See the correlation?

>>56454864
>>56454945
overwhelming majority of people never calculate interest, they just go with the flow

>>56454864
If you pay them off immediately after using them you build up your goy score and get cash back without accruing any interest payments. Sinple really.

>>56454864
I decided to upgrade the AC and furnace in my house. Negotiated price is $11,500. I opened a new credit card with US Bank that has an intro offer of $500 cash back and 0% APR for 15 months. So now my new HVAC system is $500 cheaper and I get to pay it off monthly for the next 15 months without worrying about interest.

>>56454945
you want to live your life while your are young. those are your best years and they wont come back.

>>56454864
>don't know how to manage money
>the jew shills them shiny trinkets
>and the goyim want them right now
>like right now
>won't even bother to save for them]
>just load themselves up on credit
>then seethe when they're still paying stuff of 10 years later.

>>56454864
why do i know what this is cropped from

>>56454864

"average" IQ is WAY lower than 100, there are monkey-like people walking next to us.

>>56455022
this! all other anons are retarded or children

>>56454864
They start off thinking they're the smart ones that will pay it off every month and collect the reward points, but then something comes up and they need to spend a few thousand dollars, so they carry it on the card for a while, then it builds and builds.

>>56454864
Prices go way up, but my wage stays the same.
Wife stops working and pops out three kids, but my wage stays the same.

time preference
if you have 100 in pocket and 100 credit, makes it possible buying a 200 item this month, rather than waiting another month to get the 200 saved up

>>56455129
what is is cropped from

>>56454864
I have an employee that has:
>5k loan @ ~5%
>5k maxed out credit card at like ~20%

He's decided he wants to pay off the loan first because it was for something that happened before he used his credit card so he feels it should be paid first.

Some people just aren't numerate enough to be able to manage their finances correctly.

>>56455474
lmao newfag

>>56455061
Yea but if you didnt upgrade then you wouldnt be in debt lol
>>56455244
Exactly and most of them are "white" (americucks are not white)

>>56455582
But am I really in debt if I have enough cash to pay for it immediately? I'm simply taking advantage of delayed payment and an intro bonus offer.

>>56454864
Credit cards are only a good tool if you have enough money to pay its debt 3 times in a month, like the rule of buying stupid things, if you can't afford it at least thrice, don't buy it kek, but yeah, most people doesn't know that, that's how I manage to maintain a pretty decent lifestyle while being addicted to playing stuff like Blocklords

>>56454864
lingering bantu heritage

>>56455689
see
>>56455330

I literally use my credit card as a proxy for my debit card, I know how much I spend and yes I pay it off whenever it hits around $500 or so, just so it doesn't get out of hand. Not everyone is fucking braindead.
>what if something serious happened?
Then I'd use my savings.

>>56454864
Because I want to get a bigger tv now and I don't wanna have to wait until I get my paycheck.

>>56455657
I never saw it like that lmao, but that's fucking based

>>56454945
Big Jew even came up with a pejorative for people like you:
>A credit deadbeat is a term used to describe a credit card user who pays off their balance in full and on time every month, avoiding the need to pay off the interest that would have accrued on their accounts. They are also known as nonrevolvers or transactors.

>>56455549
Yep, that's why people with poor's mentality should never have access to loans, ccs and that kind of services

>>56455657
Wtf are you buying if you need to pay 3 times in a month your CC

>>56455786
Shaloms will never, ever get interests from me.

>>56455657
Still we know you don't have as much money as you're saying

>>56454864
I use my credit card to pay bills every month then pay it off at once.

>>56455474
>>56455244

>>56454864
Because they are retarded impulsive low time preference consoomer goyim, fuck em

>>56455880
>low time preference
meant high*

>>56454864
My ex was shit at spending and my dumb ass gave her my credit card.

It's that simple.

i literally put only bills I couldnt afford at the time. $400 for health insurance as a non-smoking 30 year old male 152lbs 5'9''.$500 for modest car loan because shit credit. $380 car insurance. Sometimes something would come up and I'd have to put it on cards. Part of being a wage slave.

Depression, procrastination, and executive dysfunction have led to me paying interest a few times.

>>56455863
Why not just pay your bills? Why add the extra step

How do I get rid of CC debt without living a life of suffering?

>>56454864
There are just some extremely dumb individuals out there anon, I know several. Someone in my family (boomer) has 2 storage units for the past 10 years and has spent tens of thousands to store some shitty old furniture

>>56454864
>>56454872
I have 40k in credit card debt and I am NOT stupid. It's actually pretty normal. It builds very fast. I am trying to limit spending now but the interest is so high. I have started doing a lot of OT to try and dig out of the hole. I hope I can do so.

>>56456642
To bolster my goy score. It's a stupid game.

>>56455786
>A credit deadbeat is a term used to describe a credit card user who pays off their balance in full and on time every month
This is why my bank keeps encouraging me to carry a balance from month to month in order to "earn points" towards "rewards" that the bank offers. I keep telling them to get fucked.

I will never stop being a "deadbeat" to the bankers.

My girlfriend and I were looking for an apartment together and I needed a reference so I asked my boss. We got the apartment but I decided not to take it because I found out my girlfriend had $5000 in credit card debt. I almost broke up with her on the spot for being so stupid. She said it didn't even occur to her that it was a big deal. We're not moving in together until she pays it off. But when my boss asked me if I got the apartment and I told him no because of her credit card debt. He didn't think $5k in CC debt was a big deal, neither did any of my coworkers. They all thought I was overreacting. I work in the trades.

>>56454945
>>56454899
>>56454896
>>56454888
>>56454872
>>56454864
My FICO score is 770, I'm 18 and had a minimum wage job only for two months lmao. Currently a NEET incel

>>56456752

>shacking up with your non-virgin gf in debt

the red flags are flying

>>56456752
I have 5k on one card 1.5k on another. I have a 10k loan at 10% I pay the minimum payments on all of these and the remainder of my money is spent on link

>>56456782
Learn to read. I said I turned down the apartment because of her debt.
>>56456793
I hope your gamble pays off

>>56454864
I'm stoozing

>>56455582
>claims the "low iq monkey like" people are white
>then specifies that americans are not white
So by your logic the average american is really smart then?

>>56454864
I work in credit for a bank and people fight hard for credit. I have to constantly explain to applicants that giving them a $80k loan for a Tesla on top of their $800k mortgage and $30k worth of credit card debt is not a good idea.

>>56456848
Are you autistic, anon?

>>56454864
The poor, never have a chance to escape...so they use consumerism, as a form of escape...and since they have very little money, they have to go in debt, to escape the realities of being poor.
So, yeah, a poor person SHOULD simply eat whatever is given to them, and be happy, but, with credit...a poor person as the chance to dine like a king, and pay 30% interest on that meal for the next 10 years, but...tonight, he dines!
No matter how poor someone is, they always want to feel like they can splurge...

>>56455022
That can also be a road to self destruction, via good intentions.
I want X, I'll pay it off at the end of the month...then, boom... your car funks up...or your water heater explodes... then your kid needs braces...
The road to hell, or debt slavery, is paved with good intentions.

>>56456689
Balance transfer and Debt Consolidation Loan.

BT means you get to pay 0% interest for a 12+ months.

DCL means you get a loan with smaller interest and use that load to pay off your debt.

>>56456752
>$5000
isn't that big. If she moves in with you she could pay it off in 3 months if you agree she pays minimal rent but cooks and does other shit.

Because i debtmaxxxed, threw 30% at crypto, saved the rest and ain't paying back until debt collectors wants to settle for pennies.

Fuck banks

>>56456752
>I almost broke up with her on the spot for being so stupid.
you two wont last, and it'll be your fault

>>56457045
>If she moves in with you she could pay it off in 3 months if you agree she pays minimal rent but cooks and does other shit.
So essentially I defacto pay her credit card bill lol
>>56457069
We've been together for 4 years and are doing fine. You seem like the kind of guy to pay off your wife's student loans just for her to divorce you after.

>>56457105
>I defacto pay her credit card bill lol
Dumb ass. What part of she does other shit don't you understand?

You also save on rent in the meantime + she's close to you. You do an equivalent exchange so you both achieve your goals quicker.

But you're gonna spurge and ruin it. I was like you. She was struggling to pay off her debt that I could only see her on the weekends, those visits cost her money and she decided to cut her costs.

>>56456744
Yeah I agree it’s stupid. Normies always give me shit about not having a credit card. So I finally go to the bank and say give me a credit card. They tell me they won’t, because I don’t have credit
>mfw
I ask how the fuck I’m supposed to build credit if they won’t give me credit. They say a “secured” credit card. The concept of a secure credit line is so absolutely mindblowingly retarded that I flat out refuse to participate in such nonsense. I have been with this bank for 10 years, and during that time I have maintained a balance of no less than $30,000 at any point in time. This same bank says that they cannot issue me a $200 line of credit unless I do a secured line of credit. They say it’s too risky, since I have no credit history. Motherfucker, you have 20 years of financial history right on your screen there, and it says that I’m pretty responsible

>>56454864

The only reason I have it is for car repairs, otherwise I'd have shit all

Fuck cars

Been a while since I posted this. Was 10k credit card debt and now am debt free. My main issue was I made less money then I spent. My solution was to move back to my parents and pay low rent. Debt free with over 50k cash now. Closing in on a 100 within a year

I remember the final straw was taking a 2-300 hit and thinking one more blow would put me down. Called my mom that day and moved back. Fuck paying rent

>>56457229
Yeah, a shit catch 22, unfortunately. The real fucked up parts is that paying off an installment loan can actually lower your score. Anyway, yeah, if you want your good goyim score, you should look into one of those secured cards.

>>56457269
Yeah that’s another thing. My wife payed off her car and her score dropped like a rock. This shit seems so fucking scammy in every way. I don’t understand why people are so proud of their credit scores. Like, cool bro you’re practically broke and you’re bragging that a bank is willing to put you in debt for xxxxx amount. Meanwhile, some of us just save up actual $ and then use it to pay for things. No debt bullshit needed

>>56457258
Me now holding zero balance on my Amex being a freeloader. Little life pro tip for all you guys too, call Amex hotline when your yearly fee is applied and ask for it to be waved. If they say no call again and speak to someone else.

“I love the card but I cant justify it with the fee, is there any way to lower it? I’ve been a great customer and love Amex”

>>56457258
>My solution was to move back to my parents
Many can't do this. I couldn't. My parents were JWs and I stopped believing so they kicked me out and stopping talking to me. The depression of losing my friends and family hit real hard and I fell for a girl who wasn't stable and handed her my credit card and she raped my financially.

>>56457350
Yeah life sucks man. Work two jobs. I also did that until debt free. I also worked overtime and lived like I was flat broke. Dave Ramsey and what not. It helped.

Some people have it raised than others, no one cares tho. Struggle of being a man

>>56456996
Terrible rebuttal. Try again.

Simple: inability to postpone gratification. Same character flaw that causes obesity, criminal behavior, and poverty.

>>56456742
Being normal is a sub 100 iq diabetic fat slob making under 40k a year, no savings, and credit card debt. You are normal but definitely stupid.

>>56454945
>>56454980
Half the population is below average. I've seen the average man and I'm not impressed.

>>56455582
Useful life of an HVAC system is 15 years.

>>56456642
Because I get 2% off every purchase.

>>56456642
Cash back and better fraud protection than a debit card

>>56456752
Overreacting: almost broke up at the spot
Not overreacting: I don’t move in with her until it’s paid off

You are a good man anon. Old school.

>>56455474
I will spoonfeed you faggot

>>56454864
I took out 70k cc debt to buy pc parts to mine crypto in 2017. I retired off the crypto earned and never paid the cards back. Only one creditor sued and we settled for $1,500 before going to court. The rest wrote it off and it’s beyond the legal time they can sue me. Bizarre part is I bought a house in cash from selling crypto and they still didn’t sue me or seek a lien. My credit is back to 700+ now with one last bad mark to be removed in less than a year.
You dont have to pay it back. Collection rates are like less than 10% of people who miss 3 payments ever pay anything back. They write it off and give you another card in 5 years.

>>56457021
This is why Christ taught to "be in this world, but not of this world" find ways to reduce dependence on material circumstance

>>56455244
The system is rebalanced every year so 100 always remains the average anon. Someone with 100 iq in 1950 is not the same as someone with 100iq in 2000.

>>56457021
What is savings?

Do none of you even have enough cash to get thru a month of bills?

Lol all of you are so richfag you have no idea what being a richfag is about

>>56455786
imagining a kike seething every time I deny him his usurious interest is more than enough motivation to pay it off lmao

>>56456752
Dude, currently 5000 is a couple weeks grocery and a few tanks of gas…

>>56458209
They love the Jew in the phone more than any woman.

>>56454864
Well anon, if your income is limited cause you live in a shit place, the better your credit, the better your mortgage rate, and the easiest way to build your credit is a credit card. If you look at it as "I'm paying to build my credit" it's different.

It's the morons getting 5K+ @ 23% APR that are getting raped, if you have a 13% APR credit card and keep it under 3k/under 30% of your actual net-worth you're fine.

>>56454864
Convenience. When you turn up the heat in your house, you are paying money for the convenience of being comfortable. Yes I COULD wait for summer to come around again. But I want the heat now. And I'm willing to pay money for it. Now if the new iPhone comes out, do I want to wait until I have saved up enough money or do I want it now? I want it now and I am willing to pay interest for the conveneince. So what if I have $300 of interest payments due each month?

>>56457444
checked

>>56457477
Paid quarterly? Annually?
Idk, 2% doesn’t seem that exciting. You spend $10,000 and get $200 back. Unless you’re spending 6 figs yearly on your card that isn’t going to add up to that much

>>56457493
>better fraud protection
I’m curious as to why that is. Why are they better about it when it’s a fraudulent credit charge versus debit?

>>56457477
Sorry, misread that. I thought you said they give 2% cash back. Still basically the same thing though

>>56456752
I would consider it a big deal. It’s not a matter of whether it’s a little or a lot. Partners should dislocate each others debts to each other, because if it does grow it’ll be on you to pay it off or break up with her down the line. Plus personally $5k is a lot to me. People pretend it’s nothing but debt builds fast. It’s $5k now but soon her car will break down so that’s another $20k to buy a new one, or she’ll decide she needs a holiday to get a break, or some other shit.

>>56457229
That’s weird. Most banks should offer you at least a $1k credit card if you have a history of good savings.

>>56456774
nice larp but age of credit history is taken into account

>>56455330
>voluntarily gets fucked up the ass
>"I'm a victim!"
No, you're a faggot.

>>56454864
I have 3k of debt for using credit to buy food and pay services when i was out of a job, plus helping my mother to pay for medication. Now im fucked, guess I deserve it for being stupid but now i can't fix anything

>>56457537
Gosh, I love these trailer park whores like you wouldn't believe! Thanks for the pic!

>>56455786
The usurer fears the indoor transactor

>>56454945
desperation and increments

>>56456642
2% cash back

>>56454888
>spend money you don't have
>don't pay it back
>score goes down
lol, okay?

>>56454864
I got into a moderate amount of credit card debt at 28. I paid it off, learned my lesson. Never again. Some people, however, fail to learn this lesson.

>>56456642
to get 100s of dollars for free each year?

>>56458255
Depends on the card, 2/3 of my CCs the cash back is available as soon as the transaction clears, the only is monthly
>2% doesn’t seem that exciting
I spend around $35k/y, that's $700 free bucks, why wouldn't I take it?

>>56457021
I pay my car maintenance, water heater repairs using a credit card. I don't see what the issue is as long as I have the money in my bank account to cover it.

>pay off student loans
>no credit card debt
>no car/ house note
>no debt
>850 credit score goes to 0

>>56455073
Found the dude with credit card debt
> I will enjoy now and destroy my future

>>56454864
the average consumer is not rational and is materialistic. credit poor, its like being house poor

>>56454864
What is the source of pic OP?

>>56455863
Same here, aside from that sometime in March, I came across the CryptMi card which I've been using since then, after all, I get cashback and offers.

>>56457537
Done I'm buying me a trailer and moving to merica.

>>56454864

Depression breeds consumerism.

>>56461990

Americans are depressed so they consume.

>>56461824
Cashback is literally credit card jews sharing revenue from all the cattle goyim who don't understand compound interest. Many of them women. What a world

>>56454864
people with credit cards are fooled by credit scores and dont know how to delay gratification to be successful.

>>56460508
well yeah. its a scam to keep you enslaved. the best slaves get to brag about their high credit scores.

>>56457537
one of my favorite images for some reason

>>56454872
Fpbp
/thread
>t. it's why I had debt that was a bitch to get handled and why I'll never have a card again