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  3. Take out a huge loan

Take out a huge loan

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  • B [email protected]

    Relevant

    L This user is from outside of this forum
    L This user is from outside of this forum
    [email protected]
    wrote last edited by
    #56

    Costs 2k 11 years ago.

    Anyone got today's rates?

    1 Reply Last reply
    1
    • samdell@lemmy.eco.brS [email protected]
      This post did not contain any content.
      M This user is from outside of this forum
      M This user is from outside of this forum
      [email protected]
      wrote last edited by [email protected]
      #57

      > open an llc
      > take out a business loan under llc
      > travel the world on a business trip
      > declare llc bankrupt
      > personal finances unaffected
      > repeat

      skullgrid@lemmy.worldS T 2 Replies Last reply
      51
      • W [email protected]

        He did go down that path but he wasn’t fully out of depression by then, as part of it he needed to make some monthly payments to the lawyer as I recall, and because he was still on the fence of offing himself he didn’t keep up with it, and once it’s filed and not followed up with, it’s harder for it to get approved in the future, so he kind of fucked himself.

        Also half of the loans were government Covid aid that he applied for even though he wasn’t eligible, he applied to everything and they sent him a lot of money because at that point in the pandemic the government was writing blank cheques that they would just follow up with and scrutinize later.

        All of that government money is not eligible to be taken care of through bankruptcy, so he would still owe half of the debt regardless.

        V This user is from outside of this forum
        V This user is from outside of this forum
        [email protected]
        wrote last edited by
        #58

        Also half of the loans were government Covid aid that he applied for even though he wasn’t eligible

        Ahh, so he did a bunch of fraud. The reason the government was writing blank cheques was because people were dying in the millions and businesses were failing left and right. He's lucky he's not in prison.

        I'm glad he's doing better now, but I can't help but think of the people who needed that money and might not have gotten it in time (or maybe at all) because of what he did. Does he ever think about that, do you know?

        W 1 Reply Last reply
        5
        • m137@lemmy.worldM [email protected]

          Not problems ending up ON prison, you just jump down the side.

          V This user is from outside of this forum
          V This user is from outside of this forum
          [email protected]
          wrote last edited by
          #59

          Hope you've got some of that broken leg serum

          1 Reply Last reply
          2
          • A [email protected]

            As someone who games banks as best I can this would absolutely not work.

            B This user is from outside of this forum
            B This user is from outside of this forum
            [email protected]
            wrote last edited by
            #60

            As best you legally can…

            A 1 Reply Last reply
            2
            • B [email protected]

              As best you legally can…

              A This user is from outside of this forum
              A This user is from outside of this forum
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              wrote last edited by
              #61

              Ah, yes, let's go with that.

              1 Reply Last reply
              4
              • M [email protected]

                > open an llc
                > take out a business loan under llc
                > travel the world on a business trip
                > declare llc bankrupt
                > personal finances unaffected
                > repeat

                skullgrid@lemmy.worldS This user is from outside of this forum
                skullgrid@lemmy.worldS This user is from outside of this forum
                [email protected]
                wrote last edited by
                #62

                take out a business loan under llc

                You need to have a feasable business to do that part.

                M A 2 Replies Last reply
                9
                • skullgrid@lemmy.worldS [email protected]

                  take out a business loan under llc

                  You need to have a feasable business to do that part.

                  M This user is from outside of this forum
                  M This user is from outside of this forum
                  [email protected]
                  wrote last edited by
                  #63

                  Not if you say you do ✨AI✨

                  B 1 Reply Last reply
                  39
                  • M [email protected]

                    > open an llc
                    > take out a business loan under llc
                    > travel the world on a business trip
                    > declare llc bankrupt
                    > personal finances unaffected
                    > repeat

                    T This user is from outside of this forum
                    T This user is from outside of this forum
                    [email protected]
                    wrote last edited by
                    #64

                    And I still have to be alive afterwards? Pass.

                    1 Reply Last reply
                    12
                    • samdell@lemmy.eco.brS [email protected]
                      This post did not contain any content.
                      P This user is from outside of this forum
                      P This user is from outside of this forum
                      [email protected]
                      wrote last edited by
                      #65

                      Wouldn't work, after this you'd love life

                      retrograde@lemmy.worldR kolanaki@pawb.socialK samus12345@sh.itjust.worksS 3 Replies Last reply
                      17
                      • B [email protected]

                        You can do this, but their response will be to tank your credit. Which makes it hard to get any new loans. Including home loans. Also makes it hard to rent a place, since almost all landlords do a credit check. Hard to get a normal auto loan if you need to buy a car. And iirc, your credit card interest rates will go up.

                        cheers_queers@lemmy.zipC This user is from outside of this forum
                        cheers_queers@lemmy.zipC This user is from outside of this forum
                        [email protected]
                        wrote last edited by
                        #66

                        When i said small debts, im talking under 100 bucks. That doesnt go on my credit report.

                        1 Reply Last reply
                        0
                        • V [email protected]

                          Also half of the loans were government Covid aid that he applied for even though he wasn’t eligible

                          Ahh, so he did a bunch of fraud. The reason the government was writing blank cheques was because people were dying in the millions and businesses were failing left and right. He's lucky he's not in prison.

                          I'm glad he's doing better now, but I can't help but think of the people who needed that money and might not have gotten it in time (or maybe at all) because of what he did. Does he ever think about that, do you know?

                          W This user is from outside of this forum
                          W This user is from outside of this forum
                          [email protected]
                          wrote last edited by
                          #67

                          Yes he is aware of the moral implications, clearly the government wasn’t holding back assistance to anyone at the time. Let me just show him your unconstructive comment real quick so he can get down on himself.

                          V 1 Reply Last reply
                          2
                          • A [email protected]

                            As someone who games banks as best I can this would absolutely not work.

                            O This user is from outside of this forum
                            O This user is from outside of this forum
                            [email protected]
                            wrote last edited by
                            #68

                            Share your wisdom on how you would best take out a loan before suicide

                            1 Reply Last reply
                            2
                            • W [email protected]

                              Yes he is aware of the moral implications, clearly the government wasn’t holding back assistance to anyone at the time. Let me just show him your unconstructive comment real quick so he can get down on himself.

                              V This user is from outside of this forum
                              V This user is from outside of this forum
                              [email protected]
                              wrote last edited by
                              #69

                              I'm really glad that he's aware of the moral implications of what he did.

                              Doesn't sound like you are though. I mean, you just admitted he committed fraud in order to appropriate money meant for people who actually needed it, and now:

                              • you want to justify it by saying "clearly the government wasn't holding back assistance to anyone at the time" as though it being an honour system at the time made what he did okay;
                              • you're pulling that after you first tried to paper over that they weren't just any old loans he took out; in addition to which
                              • you want to try and paint me as the bad guy.

                              You serious, dude? You're aware that I didn't commit fraud during the pandemic, right? And it wasn't hard either, I just didn't apply for relief I wasn't eligible for. You're aware he wasn't scamming a bank, he was scamming people in need?

                              It's okay to make mistakes, but he is lucky he's not in prison, and if he can own what he did like an adult then so can you.

                              W 1 Reply Last reply
                              1
                              • P [email protected]

                                Wouldn't work, after this you'd love life

                                retrograde@lemmy.worldR This user is from outside of this forum
                                retrograde@lemmy.worldR This user is from outside of this forum
                                [email protected]
                                wrote last edited by
                                #70

                                Classic life bamboozle

                                1 Reply Last reply
                                4
                                • H [email protected]

                                  If we all did this capitalism would collapse.

                                  T This user is from outside of this forum
                                  T This user is from outside of this forum
                                  [email protected]
                                  wrote last edited by
                                  #71

                                  "if we all stopped working and just did drugs and hookers the economy would collapse" is not that deep of a thought.

                                  E 1 Reply Last reply
                                  3
                                  • H [email protected]

                                    If we all did this capitalism would collapse.

                                    T This user is from outside of this forum
                                    T This user is from outside of this forum
                                    [email protected]
                                    wrote last edited by
                                    #72

                                    "if we all stopped working and just did drugs and hookers the economy would collapse" is not that deep of a thought.

                                    1 Reply Last reply
                                    0
                                    • P [email protected]

                                      Wouldn't work, after this you'd love life

                                      kolanaki@pawb.socialK This user is from outside of this forum
                                      kolanaki@pawb.socialK This user is from outside of this forum
                                      [email protected]
                                      wrote last edited by [email protected]
                                      #73

                                      As someone who has travelled and done a lot of random things in my 40 years of life:

                                      P retrograde@lemmy.worldR 2 Replies Last reply
                                      12
                                      • samdell@lemmy.eco.brS [email protected]
                                        This post did not contain any content.
                                        N This user is from outside of this forum
                                        N This user is from outside of this forum
                                        [email protected]
                                        wrote last edited by
                                        #74

                                        Yes, but:

                                        Don't be you; think like them.

                                        Form an LLC. Don't borrow money, use venture capital! Use that money to borrow for the LLC. Pay yourself well, travel all you like.

                                        In the end kill the LLC. Live off the savings from your paychecks.

                                        1 Reply Last reply
                                        0
                                        • V [email protected]

                                          I'm really glad that he's aware of the moral implications of what he did.

                                          Doesn't sound like you are though. I mean, you just admitted he committed fraud in order to appropriate money meant for people who actually needed it, and now:

                                          • you want to justify it by saying "clearly the government wasn't holding back assistance to anyone at the time" as though it being an honour system at the time made what he did okay;
                                          • you're pulling that after you first tried to paper over that they weren't just any old loans he took out; in addition to which
                                          • you want to try and paint me as the bad guy.

                                          You serious, dude? You're aware that I didn't commit fraud during the pandemic, right? And it wasn't hard either, I just didn't apply for relief I wasn't eligible for. You're aware he wasn't scamming a bank, he was scamming people in need?

                                          It's okay to make mistakes, but he is lucky he's not in prison, and if he can own what he did like an adult then so can you.

                                          W This user is from outside of this forum
                                          W This user is from outside of this forum
                                          [email protected]
                                          wrote last edited by
                                          #75

                                          Shut up with your holier then thou attitude, he made mistakes and he is paying the money back.
                                          You can fuck right off.

                                          1 Reply Last reply
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