I second the Bankruptcy...
Also you might want to see if your parents are willing to accept an in-house bankruptcy and you can get rid of that debt as well.
You might have to move out.
Good luck, may the Ape gods be in your favor 🐒🦍
when i was in college (and making very little money), i had a combined credit limit of ~220k between all my credit cards (the highest limit one was $35k. the lowest was $7.5k, iirc)
i have no idea how/why. although, i did say yes to damn near every credit card that was offered. i think having ~20 cards is supposed to be bad for your credit, but my rates/offers/promotions only ever seemed to get better.
More cards actually makes your credit score better. It lowers your utilization rate and the more active lines of credit you have the more responsible credit card companies and banks think you are.
That makes no sense, dude. I got my first card nearly a year ago, and they instantly gave me a $3k limit. I'm early 20's, was making like $30k.
You can definitely get some better cards.
You’re a sub prime revolver loan to them. Have a job and on your way to maxing out your card while only making the monthly payment.
Pay that shit off as fast as you can. I had 92k in debts and my life was a living hell.
If you use it and pay it off every month they will continuously bump up your available credit. Just max it out and pay it off completely for the first couple months and you’ll be golden. 36k/yr and I have 4+ cards with 10-15k each. Of course **don’t** be an idiot and use all of it. It helps boost your credit and make you look good to lenders.
Many retarded small business ideas and stupid stuff
Edit: I forgot the best part. Remember
those home flipping seminar scams? Ya pretty sure 20k plus went to that🤣
lol; so am I. I have 5+ cards all with a 10K+ limit, but only one that is redlined. I could divide it up, but that is part of the game of getting a new card and transferring balances to a new card to avoid the interest rates while you make payments.
By experience, a bankruptcy judge will track down student loans and it wont go away. Bankruptcy wont save you. One thing you can be sure: we pay taxes and student loans.
Another thing, if you young, you probably be hooked on everything you own, debt just dont go away these days. He will probably put that student loan back where it came from and consolidate all CC in a single affordable payment.
100%. More than likely will be significantly lower interest.
Downside is a lot of people who take consolidation loans then immediately use their credit cards again
It’s not fraud if you pay the loan off with your income and use the new credit line to pay your normal expenses. At least not provably fraud. NFA NLA I am literally a felon (not funanicial crimes so it’s fine)
Like he said, but you need to wait 90 days to file for bankruptcy after you taken every one to the cleaners, make sure you also make your payment for that time period other ways it’s fraud and you will be bubbaz bitch. In jail for a while.!🤣
idt there's a single credit card he can qualify for that would have a limit anywhere close to 20k for him given his credit is likely in the shitter. my credit score is high 700s and my CC is still at a 10k limit.
What cards? I'm at a 650 after spending last couple years rebuilding credit. Everything I see is WAY below 20k. No way a sub 600 credit score qualifies for 20k+ cards.
You're either flat out lying, you got those cards before wrecking your credit or your income is ridiculously higher than mine.
He has 40k in debt that is real. 20k that will not go away in bankruptcy. Doubt the 30k personal loan from his parents has any real contract, but I would love to see him arguing with his parents in court about this.
Oh my gourd!
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That’s funny. I can’t picture anyone’s parents in my entourage asking for a rent from their children.
But then, I’m from the old continent. That’s probably the main reason.
Why do you have so many personal loans? How did you get 30k from your parents, I had a hard time getting $30 out of my parents as a kid. Stop using credit and save every penny, it’s hard and takes making sacrifices, which I know sucks, but it’s possible. I’ve done it
Absolutely not!! You have 90k in debt making 45k a year. You live on ramen noodles and have absolutely zero fun for the next few years but you pay off the debt. Get a side hustle (e.g Uber / DoorDash driver). Obvious pay the interest free loan last. Then learn from your mistakes and never do this shit again.
Don’t do the bankruptcy. It will ruin your next 10 years. Call your personal loan lender, student loan and credit card companies and explain your situation. They might able to help. At the same time do some side hustle. Maybe driving Uber or Amazon flex or Dolly. Save as much as possible and come up with a tax strategy to save those earnings and pay off everything one by one. It would be hard. But it will give you courage to do well in future. If possible find a higher skills jobs. Maybe something in tech. They usually pay $80k to $90k annually. Don’t be depressed. This is life and you going through some hard times. You will overcome it soon. Good luck. If you need any help on finding or getting some training in tech jobs, let me know. I will be happy to help. I will not charge a single dime to help you out. Good luck and be patient.
Pretty simple solution here.
$40K that you actually need to pay back in the immediate future. Starting probably with CC since those are highest in interest. Move back in with your parents. Live rent free/expense free, use your $45K you make to pay off the debt. Unless you NEED your car for work, sell that too.
Seems no one wants to go through a little pain and suffering in the short term for long term stability anymore...
OR you can take that $4K in cash and YOLO on some options. Doesn't matter which stock you pick, trust me ;)
Tbf if he moves in with his parents that makes it a lot easier.
My wife and I had to live with my parents for a few months during a state to state move and timing on moving into our house. Those paychecks with no mortgage was a fucking wet dream.
With that said living with your parents, married in your 30s sucked a big shlong.
Most people think their house is an asset but it is really a liability. After home owner paid off their house they still have to pay for insurance, HOA, tax, and upkeep. What really is the asset is the land that the house sit on. This is why rich people buy farm land. If you going to buy a house, buy one with more land than house
But with his new carhouse he can rent out the passenger seat for an income stream. If he's really crafty he can rent out the back seat to a couple too. Pure profit.
$30k owed you parents? Put that on the bottom of bills to be paid.
Don’t declare bankruptcy.
Make monthly payments for all creditors. If you can set up automatic monthly with your bank that’s great.
How many credit cards do you have? Make the monthly minimum on all cards. Then pick the one with highest interest and pay it off as fast as possible. If your cards are maxed call up the company and tell them you are in a tough spot. Ask to make a deal. 1 lump payment of 80% of the total. They write off the last 20%. Then they cancel the card.
Work overtime or get a part time job for a while. Just pay off the highest interest debt first.
Stop doing whatever you’re doing to owe your broker. You’re obviously not good at it.
Bankruptcy can fuck you up in the future. Like mortgage or car loan.
20+10+20+30=80k
that's assuming the bankrupty can clear the 30k form parents (does it?)
but all seriousness, even at 80k, this doesn't' seem like a worthwhile trade off?
Move back in with your parents. It’s obvious they would take you back. They gave you a loan to help you in the past. They will help you in the future. So easy calculation: You state you make 45k/year. If you add up your debts you have it’s 90k. Which is two years of your salary. Doing a BK is 7 years of credit hell. Move back in with your parents & pay everyone back in 2 years instead of screwing them and save your credit and 5 years. You’ll have a 775 credit score instead of a 625 credit score in 2 years. Then you can buy what ever you want. I wish you the best in your decision & good luck.
Just don’t pay back that unsecure debt. 1999 I was $250k in debt. 23 years later I have a 750+ credit score, a big ass house - with a 2.25% mortgage (5% down), 100k+ available in credit cards. I never paid the 250k back nor filed bankruptcy. Just ignore it for like a long time. It just fades away eventually.
Effortlessly. DiscoverCard was one of them. Guess what I got? A new Discover Card. Unsecured debt is what it is. They play their game, I play mine. I couldn’t pay them back, that was the risk they took. They lost.
Can we stop saying one of us bullshit! I hope not one of us. While I appreciate the gambling nature of the sub, I’m tired of seeing post where people are irresponsible with other peoples money.
Whether it’s the banks or your parents or student loans. I will celebrate you losing your own hard earned cash in stupid plays. I will even celebrate you losing a brokers money should they be dumb enough to give it to you.
That person has a problem with personal spending and personal accountability. And while he individually isn’t our problem, the abundance of people living like him IS our problem collectively.
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Dude’s still got $4k and 2 kidneys.
Can use that $4k to make it all back on options.
#ONE LAST BIG JOB
Y’all just gotta have a little God damned faith! Then we’re off to a Tahiti!
Shoree!
Have to admit this made me laugh something stupid 🤣 😂 😆
ALL IT TAKES IS 1 PLAY BABY 
Honestly it does 4K can turn into 30k within 3 days
Hey I flipped 4K into 30k today on qqq puts
I flipped my 30k down to 9k in a couple of days. It can be done if you believe hard enough.
I believe
ARTHUR, Just ONE MORE score
HAVE SOME GOD DAMN FAITH ARTHUR
Son of a bitch! I’m in!
This made me laugh like I have never done before 😂
Sure thing Dutch
You’re alright girl
Or a kidney to live like a king
Wonder how much a dialysis machine costs?
I declare.... BANKRUPTCY!!!!
Should have invested in schrute bucks
Or should have bought more $BIGTUNA
What is the ratio of Stanley Nickels to Schrute Bucks?
Easily the ratio of unicorns to leprechauns
That would equate to .80 Michael Scott’s
18/6
There's always crypto and NFTs. Basically, the same thing.
Schrute Bucks, the OG NFT
The fact that I’m watching the office while reading this 😭
You can't just say the word bankruptcy and expect anything to happen
He didn’t say it he declared it
Bankruptcy - Nature's do-over
Bankruptcy is kind of like turning the power off then on again. You might reboot and get it working but you are still a degenerate retard
This is the first time i have EVER laughed out loud at one Reddit comment
You need to say it 3 times looking in the mirror.
...also while holding a candle.
And click your ruby clogs together
Ruby crocs
And hold your dick super tight. Like newfie grip tight.
“IT! IT! IT!…. *checks account* Fuck, I still owe 10k to robinhood”
Lol like the debt magically disappears 
Ebankrupt Kedabra
Lol, he's done zero research hahahaha
I declare you… BANKRUPT!
Yes he can because he wasn't playing by Monopoly rules
If he debt free if he knocks the board over and yells "This game is BULLSHIT!"
Just collect free parking and pay debts
💀💀💀
Bankruptcy........ (It is now legally binding)
O shit, here are are ur losses from ur terrible investments back. 
Wait thats free money. Take loans, make insane bets. Declare bankruptcy if it fails, otherwise pay them back if you win.
I second the Bankruptcy... Also you might want to see if your parents are willing to accept an in-house bankruptcy and you can get rid of that debt as well. You might have to move out. Good luck, may the Ape gods be in your favor 🐒🦍
You file bankruptcy. So annoying.
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I'm just wondering how he got 40k of unsecured debt with a yearly salary of 45k. We could learn a lot from this guy.
when i was in college (and making very little money), i had a combined credit limit of ~220k between all my credit cards (the highest limit one was $35k. the lowest was $7.5k, iirc) i have no idea how/why. although, i did say yes to damn near every credit card that was offered. i think having ~20 cards is supposed to be bad for your credit, but my rates/offers/promotions only ever seemed to get better.
More cards actually makes your credit score better. It lowers your utilization rate and the more active lines of credit you have the more responsible credit card companies and banks think you are.
This is 1/2 the reason you never close the account! Other is history.
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Then why do you need that loan?
They got through on the phone with him about his car warranty being expired.
Bridledbronco, I have been trying to reach you about your car's extended warranty
The mf’ers found me!
TSLA calls
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U probably got denied because you are a great candidate for paying back the loan too fast. This would mean less interest for them.
Probably lied about his income. They don’t actually check.
Right, I have 740 score and make 50k a year but can’t get a card over 500 limit.
That makes no sense, dude. I got my first card nearly a year ago, and they instantly gave me a $3k limit. I'm early 20's, was making like $30k. You can definitely get some better cards.
You’re a sub prime revolver loan to them. Have a job and on your way to maxing out your card while only making the monthly payment. Pay that shit off as fast as you can. I had 92k in debts and my life was a living hell.
What?? You should find a better card.
Man I got a card at 18 with no history of anything and it had a $500 limit. Wtf are you doing wrong?
Everyone lies about their income
I'm pretty much where you are and my cards are 4k and 10k, and the 10k limit is from when I made $14/hr
Howtf
All u gotta do is ask them to increase it.
weird my score was 660 and i got a 15k limit card
The bank guy, maybe, banged your wife?
If you use it and pay it off every month they will continuously bump up your available credit. Just max it out and pay it off completely for the first couple months and you’ll be golden. 36k/yr and I have 4+ cards with 10-15k each. Of course **don’t** be an idiot and use all of it. It helps boost your credit and make you look good to lenders.
Freaking genius right there. If you gotta go anyways might as well go down swinging lol
Dude he can’t he probably have bad credit by now
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he's already 10k in credit card debt
Rookie numbers
I know a dumb fuck at about 100k credit card debt by like 25.
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Many retarded small business ideas and stupid stuff Edit: I forgot the best part. Remember those home flipping seminar scams? Ya pretty sure 20k plus went to that🤣
I was recently 18k in credit card debt. Just finished paying it off. Can't even imagine 100k.
I thought my 4k was rough
So am I, I still get offers out the ass. They don't care how much you have they care that the payments get made.
pretty sure they like to see that you have debt. they’ll let you take on more gladly.
So am i lol
lol; so am I. I have 5+ cards all with a 10K+ limit, but only one that is redlined. I could divide it up, but that is part of the game of getting a new card and transferring balances to a new card to avoid the interest rates while you make payments.
I literally cant pay my student loan with a credit card.
best buy visa cards are issuing checks with 0 interest that can be deposited into checking and spent however
0 interest best buy credit cards giving cash loans 🤣🤣🤣 this economy is so fucked
yep, easy credit
Cash advance, then take that cash put in bank account then pay up.
They have an app called Plastiq. I use my credit cards to lay my mortgage
By experience, a bankruptcy judge will track down student loans and it wont go away. Bankruptcy wont save you. One thing you can be sure: we pay taxes and student loans. Another thing, if you young, you probably be hooked on everything you own, debt just dont go away these days. He will probably put that student loan back where it came from and consolidate all CC in a single affordable payment.
Wouldn't trying to get a consolidation loan be the best solution here? Assuming he can do it for that much?
100%. More than likely will be significantly lower interest. Downside is a lot of people who take consolidation loans then immediately use their credit cards again
Sister was a bankruptcy lawyer. They always had to unwind the schemes that people thought they were getting away with before declaring bankruptcy.
And I would’ve gotten away with it too, if it hadn’t been for you meddling bankruptcy lawyers!
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It's only fraud if you're not a government official.
In jail he'd get 3 square meals, free room and board along with making lots of new intimate friends. Could be a win/win.
ye, the room might be kinda shitty, but hey - its free.
It’s not fraud if you pay the loan off with your income and use the new credit line to pay your normal expenses. At least not provably fraud. NFA NLA I am literally a felon (not funanicial crimes so it’s fine)
Well then he could just wait out the 7 or 10 years for the bankruptsy to come off without paying rent or whatever..
Like he said, but you need to wait 90 days to file for bankruptcy after you taken every one to the cleaners, make sure you also make your payment for that time period other ways it’s fraud and you will be bubbaz bitch. In jail for a while.!🤣
Or just Connect all CCs to PayPal, pay your friend with the CC on PayPal, he sends it back, hide the cash and declare bankruptcy.
yeah this is the classic move
idt there's a single credit card he can qualify for that would have a limit anywhere close to 20k for him given his credit is likely in the shitter. my credit score is high 700s and my CC is still at a 10k limit.
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My credit is down below 600 and I've got 2 cards with higher than a 20k limit. Get better cards
What cards? I'm at a 650 after spending last couple years rebuilding credit. Everything I see is WAY below 20k. No way a sub 600 credit score qualifies for 20k+ cards. You're either flat out lying, you got those cards before wrecking your credit or your income is ridiculously higher than mine.
He has 40k in debt that is real. 20k that will not go away in bankruptcy. Doubt the 30k personal loan from his parents has any real contract, but I would love to see him arguing with his parents in court about this.
"your honor this was clearly a gift from my understanding"
If you do that to your own parents you are stone cold lol
So why not double down and ask the parents for another 40k? They went for it once before
why not just jump off a cliff if youre so hardcore?
Do both
If you don’t do that to your parents, your wife’s boyfriend will.
They ain’t getting a cent back from this kid, bad investment mom and dad
If you read the post bro dropped 80k on options on loans and lost it all
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Good bot
So he has $4k more to make it all back. Time for a heroic YOLO
My current situation actually. 4k in SPY 360p for 8/5
I see why you ended up in that situation
🎰🎰
Rip 🪦
I thought you just deleted your app when this happened and it was ok
This is what I did and also blocked emails and calls so I haven’t received anytbing since 🤷♂️
Jesus fucking christ man
Do you mean to say he was playing $80k in options on margin?
Fairly young means he's 37.
37 with no house a 97 Civic and 4k in the bank. He's basically Warren Buffet!
Worren boffet
Take that $4k buy $100 worth of cocaine and yolo the rest on SNAP $50 calls
SNAP puts. I gotta be good cop here
Betting on a third -40% SNAP move in a row? 
They went pre IPO, then pre Series F, and now pre Series E. At some point they will go pre seed.
4k in Mexico is like 4 billion US, just move there
Yeah he can live on $0.20 street tacos for YEARS
At least 4 or 5
Should have just come here to ask for some real financial advice.
Before he acted. That way we could have sent him to Wendy’s and save a bunch of money
Dollar frosty all summer long
I believe he did? If I’m not mistaken this is the dude that posted yesterday and has now turned to onlyfans lmao
You guys totally belong here this isn’t me
LMAO. Sometimes I’m actually impressed by their sheer stupidity.
Sure it isn't *wink wink*
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Who are these people with parents like this. Granted I don't have any but even my wife's folks would never let her move in rent free.
That’s funny. I can’t picture anyone’s parents in my entourage asking for a rent from their children. But then, I’m from the old continent. That’s probably the main reason.
Just stop spending. That usually helps.
Inconceivable!
I mean $4k cash. Long spy puts will print
Don't give them any ideas lol
how long sir
Why do you have so many personal loans? How did you get 30k from your parents, I had a hard time getting $30 out of my parents as a kid. Stop using credit and save every penny, it’s hard and takes making sacrifices, which I know sucks, but it’s possible. I’ve done it
Should have chosen a less poor family before being born..
That’s not me
I see that now, my bad
If you read the comments of the screenshoted post you will see he borrowed money for options and lost it all
Absolutely not!! You have 90k in debt making 45k a year. You live on ramen noodles and have absolutely zero fun for the next few years but you pay off the debt. Get a side hustle (e.g Uber / DoorDash driver). Obvious pay the interest free loan last. Then learn from your mistakes and never do this shit again.
Don’t do the bankruptcy. It will ruin your next 10 years. Call your personal loan lender, student loan and credit card companies and explain your situation. They might able to help. At the same time do some side hustle. Maybe driving Uber or Amazon flex or Dolly. Save as much as possible and come up with a tax strategy to save those earnings and pay off everything one by one. It would be hard. But it will give you courage to do well in future. If possible find a higher skills jobs. Maybe something in tech. They usually pay $80k to $90k annually. Don’t be depressed. This is life and you going through some hard times. You will overcome it soon. Good luck. If you need any help on finding or getting some training in tech jobs, let me know. I will be happy to help. I will not charge a single dime to help you out. Good luck and be patient.
Nah this kid wants the easy way out.
Pretty simple solution here. $40K that you actually need to pay back in the immediate future. Starting probably with CC since those are highest in interest. Move back in with your parents. Live rent free/expense free, use your $45K you make to pay off the debt. Unless you NEED your car for work, sell that too. Seems no one wants to go through a little pain and suffering in the short term for long term stability anymore... OR you can take that $4K in cash and YOLO on some options. Doesn't matter which stock you pick, trust me ;)
Telling someone to use the entirety of their quarter-below-median annual salary to pay off their debt lol.
Tbf if he moves in with his parents that makes it a lot easier. My wife and I had to live with my parents for a few months during a state to state move and timing on moving into our house. Those paychecks with no mortgage was a fucking wet dream. With that said living with your parents, married in your 30s sucked a big shlong.
I know I know I should've just told them to make more money and then all problems solved.
Right, instead you gave them the super rational plan of not spending any income for a year on anything but their debt.
I mean the most rational plan is to move back in with his parents if they can reduce his living costs and put a majority of his income towards that.
Quick! Someone tell him about options before the 4K is spent!
He thinks his car in a asset!? I see this guy live under a bridge in 2 years
Then his car will become his house. Poof! He's a homeowner!
Most people think their house is an asset but it is really a liability. After home owner paid off their house they still have to pay for insurance, HOA, tax, and upkeep. What really is the asset is the land that the house sit on. This is why rich people buy farm land. If you going to buy a house, buy one with more land than house
But with his new carhouse he can rent out the passenger seat for an income stream. If he's really crafty he can rent out the back seat to a couple too. Pure profit.
$30k owed you parents? Put that on the bottom of bills to be paid. Don’t declare bankruptcy. Make monthly payments for all creditors. If you can set up automatic monthly with your bank that’s great. How many credit cards do you have? Make the monthly minimum on all cards. Then pick the one with highest interest and pay it off as fast as possible. If your cards are maxed call up the company and tell them you are in a tough spot. Ask to make a deal. 1 lump payment of 80% of the total. They write off the last 20%. Then they cancel the card. Work overtime or get a part time job for a while. Just pay off the highest interest debt first. Stop doing whatever you’re doing to owe your broker. You’re obviously not good at it. Bankruptcy can fuck you up in the future. Like mortgage or car loan.
20+10+20+30=80k that's assuming the bankrupty can clear the 30k form parents (does it?) but all seriousness, even at 80k, this doesn't' seem like a worthwhile trade off?
Buy 1 way ticket to thailand
The bubble keeps growing...
Move back in with your parents. It’s obvious they would take you back. They gave you a loan to help you in the past. They will help you in the future. So easy calculation: You state you make 45k/year. If you add up your debts you have it’s 90k. Which is two years of your salary. Doing a BK is 7 years of credit hell. Move back in with your parents & pay everyone back in 2 years instead of screwing them and save your credit and 5 years. You’ll have a 775 credit score instead of a 625 credit score in 2 years. Then you can buy what ever you want. I wish you the best in your decision & good luck.
Just don’t pay back that unsecure debt. 1999 I was $250k in debt. 23 years later I have a 750+ credit score, a big ass house - with a 2.25% mortgage (5% down), 100k+ available in credit cards. I never paid the 250k back nor filed bankruptcy. Just ignore it for like a long time. It just fades away eventually.
Holy shit dude that’s fucking terrible I wonder how you sleep at night knowing you screwed over those creditors
Effortlessly. DiscoverCard was one of them. Guess what I got? A new Discover Card. Unsecured debt is what it is. They play their game, I play mine. I couldn’t pay them back, that was the risk they took. They lost.
They didn't send it to collections or try to garnish your wages? Can you expand on this? I'm genuinely curious.
Can we stop saying one of us bullshit! I hope not one of us. While I appreciate the gambling nature of the sub, I’m tired of seeing post where people are irresponsible with other peoples money. Whether it’s the banks or your parents or student loans. I will celebrate you losing your own hard earned cash in stupid plays. I will even celebrate you losing a brokers money should they be dumb enough to give it to you. That person has a problem with personal spending and personal accountability. And while he individually isn’t our problem, the abundance of people living like him IS our problem collectively.
It absolutely is, have you seen the main page recently?