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Purchasing your own debt

  1. Grandpaskins Yung Blood
    Has anyone heard of this practice working? I know you can buy your own debt the same way investors do, (for pennies on the dollar) but how would one go about doing this? Do I need to basically default on my shit? We could break the economy if we do this right guys.
  2. mikeyagain African Astronaut [unalterably regard the persecutor]
    I'm saving my pennies for a skank ho tranny...
  3. Ghost Black Hole
    Faking your own death is easier
  4. Grandpaskins Yung Blood
    Originally posted by Ghost Faking your own death is easier

    True, but it's only legal in Nevada as far as I know. Wouldn't you have to commit identity fraud in order to start a new life?
    Better yet, take out a loan for $1M+, fake your death, then fly to Sri Lanka or some other backwater bayou, booyah.
  5. aldra JIDF Controlled Opposition
    pretty interesting idea

    though I think the debt collectors buy in bulk; you can't select what/whose debt you want to buy
  6. the idea is as retarded as people who thought they could use the power generated by a generator to power a motor that in turn turns the said generator to make a perpetual machine.
  7. A College Professor Space Nigga [your moreover breastless limestone]
    Originally posted by vindicktive vinny the idea is as retarded as people who thought they could use the power generated by a generator to power a motor that in turn turns the said generator to make a perpetual machine.

    actually i've done it
  8. Originally posted by A College Professor actually i've done it

    you have aids ?
  9. A College Professor Space Nigga [your moreover breastless limestone]
    yeah rolaids , why you want one you pretend chink retard? your schtick sucks ass you dumdum
  10. Originally posted by A College Professor yeah rolaids , why you want one you pretend chink retard? your schtick sucks ass you dumdum

    yes, let the pain out. its ok,
  11. Grandpaskins Yung Blood
    Originally posted by vindicktive vinny the idea is as retarded as people who thought they could use the power generated by a generator to power a motor that in turn turns the said generator to make a perpetual machine.

    You can print money you can't print electricity.
  12. Originally posted by Grandpaskins You can print money you can't print electricity.

    yes you can.
  13. Ajax African Astronaut [rumor the placative aphakia]
    Reminds me of this:

    https://ripmedicaldebt.org/john-oliver-medical-debt/

    @OP, for a debt collector to purchase your debt, you basically need to default on your shit.
  14. Grandpaskins Yung Blood
    @Ajax partially was inspiration.
    If You do your own looking into it you realize the banks current practices are fraudulent anyways. You contract with a bank/financial institution. This creates a promissory note, which the bank in turn cuts you a check for. Then they claim they wrote you the check for the amount that they paid out in return. But the catch is they sell your debt so they get their money back and you no longer owe it to the financial institution. You never contracted with the 3rd party debt collectors, therefore you owe them no money. It's 7am so I apologize if this is all over the place, it's just my general understanding.
  15. Ajax African Astronaut [rumor the placative aphakia]
    Most contracted debt obligations have clauses in them stating that your debt can be sold or transferred.

    The real fraud is committed by the fed.
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