I have 55k liquid crypto and 28k credit card debt

[Anonymous No.53760424]

I am a neet, and expecting my liquid crypto to go up this year
>paying $700 a month in credit card bills
I dont care about credit, not gonna buy a home or car as I am neeting it up in brazil
What happens if I just dont pay the cards? Will I go to jail kek?

[Anonymous No.53760436]

>>53760424
Oh I am an american btw, 26yo, splitting time between brazil and colombia, expenses like $1800 a month, debt spread over 5 different cards and affirm
Srs answers only

[Anonymous No.53760441]

>>53760424
Ah jeeze dude

[Anonymous No.53760463]

>>53760424
put it in eth, take out an interest-free loan on liquity frontend of your choice, you don't have to pay taxes on a personal loan. Pay off your debt NOW - hyper inflation is coming and debt will only get worse. It will be a Repo man type cyberpunk reality in the future. Debt WILL get you killed..or worse. Once your real debt is paid off, realize that you have cash left now to pay for real stuff. Find a money printer in crypto like a new curve or something and just sell all your rewards and shit. If your name is josh, I know you and hope you're doing alright.

[Anonymous No.53760468]

>>53760441
Yea can you see the predicament?
Why the FUCK would i want to cash out crypto to pay normalfag debt to help my normalfag creditscore?
AHHHHHHHHHHHHH

[Anonymous No.53760974]

>>53760424
>28k debt with $700 in credit card bills
anon i got like 9k in credit card debt and i even feel like a fuckin loser over that alone. thanks for making me feel better OP

[Anonymous No.53760987]

>>53760974
Yea im just coping desu
Guess none of the brainlets here have an answer to my crippling debt
Guess i just wont pay!!!
And the reason i got the debt in the firstplace was to leverage my wage cucking income to buy crypto lel

[Anonymous No.53761017]

>>53760987
i mean if you're still a wagecuck you can find extra side hustles like uber or reselling stuff from police auctions to pay the debt down. even if you strike out and your crypto goes up you'll still have to pay it off. you could file for bankruptcy but depending on where you live it can fuck up your assets. you're better off working on getting extra income and if your crypto does to up this year, cash out and pay the remaining debt off

you wont go to jail BUT you're limiting yourself on how much money you can make long term. don't listen to sam, debtmaxxing is retarded

[Anonymous No.53761025]

>>53760987
Nothing will happen, literally. If you got debt in Serasa tho they might send someone to break your legs

[Anonymous No.53761052]

>>53761017
>another retard that didnt scroll up
Nigger I literally live in rio de janeiro swing trading my 55k stack of linkies and i dont wanna keep paying $700 a month in credit card debt on top of my $1800 living expenses.
Get it?

[Anonymous No.53761055]

>>53761025
So seizing your checking account and suing you to court is a meme?
I dont give a shit about my credit score or buying property or cars etc
Finally a based answer

[Anonymous No.53761095]

>>53761052
I heard of people debtmaxxing and then going to south america and never ever paying off the debt and just disssapearing / staying there forever. so you don't really need to pay the debt.

[Anonymous No.53761131]

>>53760424
credit is really stupid anyway.
>to buy home
>still pay property tax
enjoy south america

[Anonymous No.53761335]

Licorice is inferior to gummy in every way.

[Anonymous No.53761347]

>>53761335
you must be 18 to post here

[Anonymous No.53761446]

Tell them all you can afford to pay is 50 bucks.

[Anonymous No.53763652]

>>53761055

If you want to get away with fraud, sure. If you are just going to stay in Brazil, maybe. But if you want to immigrate somewhere else and become an expat, yeah, probably. They won't come after you unless you've done some pretty serious shit.

But don't believe the hype about "debtmaxxers" being untouchable. In some places, especially America, they do arrest people who refuse to repay debts.

[Anonymous No.53763665]

>>53760424
no such thing as debtor‘s jail retard

[Anonymous No.53763676]

>>53760424
Just don’t pay it. There’s nothing they can do to you. It’ll come off your credit report in like 2 years

[Anonymous No.53763682]

>>53760463
OP is a larping faggot. >>53760424
I literally gave you the best financial advice anyone else gave you and you talk like a dumb nigger. You're white, I can tell, and you worship niggers and you love fucking non-whites because you believe them to be superior puss and women. Wrong. You're so fucking lost dude. I hope the debtors get you (that don't exist because you're lying about all of this). Josh.

[Anonymous No.53763694]

Serasa is going to put a flag in their systems about you, the debt will be growing everyday, but you may be able to negotiate. In 5 years if you don't pay, nothing happens, but you may never be able to get a credit card again.


Damn I remember when Bitcoin was like 2000$ and I got my first credit card. I was chasing buying 0.5 BTC and never paying it but instead I bought a lot of junk stuff and did the same. BTC sky rocketed, I payed up all the debt years later and still can't have a credit card in my name

[Anonymous No.53764898]

>>53760463
Explain how hyperinflation makes debt worse. If hyperinflation happens, the 28k will be cheaper to pay off because the value of the 28k will be greatly reduced. For example, if I take out a 28k loan then buy something such as a vehicle, and then shortly after hyperinflation takes place the value of the dollars in relation to the vehicle will drop, meaning the value of the car in dollars will rise above the 28k even if you account for depreciation. In other words, if you actually expect hyperinflation, its better to not pay the loan until it happens.

[Anonymous No.53765590]

Mfw i plan on taking the Sam Hyde's debtmaxxing advice

i have $80k in credit..going to spend everything on crypto and playing videogames until the next bull run.. I don't need to pay rent so i need to worry just on getting food and pay the gas bills (easy for me)

i'm not going to pay back. Either i make it or not..

i'll even try to buy crypto with google cards/pay balance or something and avoid kyc.

wish me luck fellas

Verification not required.

[Anonymous No.53765825]

>>53765590
Where do you get 80k in credit if your middle class with a low credit score? Asking for a friend.

[Anonymous No.53765862]

>>53763652
>what are you in for anon?
>didn’t pay off my AMEX balance

The state of advice on biz

[Anonymous No.53765901]

>>53765825
I worked in banks and took loans for business and investments.
I don't use any of them though.

[Anonymous No.53766901]

>>53765825
>having low score
You need to raise it..take some credit cards, pay them in full each month, use the cards to pay everything you already need to spend like clothes, food, gas, electricity bills etc...after a few months, your goyscore will raise and the banks will call you to offer better cards or even offer to raise your current card credit limit.

The fastest way to skip this is using your cards to get cash advances in ATMs... DON'T SPEND the money, save it for 5 and 10 days and pay everything back (plus interests)

Althought i don't know what are your country a tax laws/ cash limits before having to declare income or whatever

TL:DR take a few cards, build score, then after some time apply for as many cards and possiblw and go debtmaxx.


I wish i could get wait some months for more credit but i don't want to risk and fuck up everything and missing the next bull

[Anonymous No.53766916]

>>53766901
Sorry for so many typos, i'm a phonefag