>raises hand
yep
Yes it does.
And that's what good honest people don't get.
Your debt is their asset - and they need moar and moar assets these days.
That's why people should be getting credit cards and maxing them out.
Heck, the banks will even raise the limits multiple times encouraging it.
Keep your assets and live off theirs - hello!
>b-b-b-but muh credit score
Ha ha ha ha….
People in bankruptcy can get cc and auto loans no problem these days.
And in some cases home loans (in poorfag neighborhoods anyway).
The credit ponzi must be constantly fed and moral hazard is ded.
You'd have to ask a lawyer about the specific loopholes invoked.
I just know from a business perspective the actions I observe out in the real world marketplaces.
They can't have the credit market shrink or it all blows up spectacularly.
That's why they may say something different in articles and on tv, but in reality they will keep lending to deadbeats that they know won't pay it back.
They just try to keep it on the downlow because the good honest people that play by the rules and are conservative financially would freak out if they really knew they were the biggest suckers in the post-2008 world.
>11.3
It's a marker for sure.
It could also be a date, but it prolly isn't.
And I'm not even sure it's anons doing the annual datefagging about it anymore.
>Anon wouldn't want to have to keep moving houses after every foreclosure.
I hear ya, but unless it's in a easy to flip neighborhood even that process gets dragged out for years these days.
This is not financial advice etc etc, but…
CC's are essentially free money these days.
There are very few disincentives left to keep people from maxing them out (over time of course) and defaulting on them.
I kekmao every time I see those credit score app commercials - woo hoo they raised it 5 points just for taking this survey!
How anyone believes that still matters must be mindfucked beyond repair.
Houses are a different story.
Especially if you have a ton of equity built up already if not entirely paid off.
I'm just talking about everything underneath that (auto/cc) - that's the essentially free money in a world where moral hazard is ded.