this post was submitted on 13 Jul 2025
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Take out a huge loan (cdn.imgchest.com)
submitted 1 day ago* (last edited 1 day ago) by Samdell@lemmy.eco.br to c/greentext@sh.itjust.works
 
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[–] andMoonsValue@lemmy.world 4 points 1 hour ago (1 children)

A gaggle of chicas

[–] Ensign_Crab@lemmy.world 8 points 2 hours ago

The real question is how many people would have to do this at once to bankrupt the lenders?

[–] phoenixz@lemmy.ca 20 points 7 hours ago (2 children)

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

[–] Kolanaki@pawb.social 12 points 3 hours ago* (last edited 3 hours ago) (1 children)

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

[–] plyth@feddit.org 4 points 1 hour ago

Did you take out a huge loan to pay for it?

[–] Retrograde@lemmy.world 6 points 3 hours ago

Classic life bamboozle

[–] moseschrute@lemmy.zip 49 points 10 hours ago* (last edited 10 hours ago) (2 children)

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

[–] Turious@leaf.dance 13 points 7 hours ago

And I still have to be alive afterwards? Pass.

[–] Skullgrid@lemmy.world 15 points 8 hours ago (1 children)

take out a business loan under llc

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

[–] moseschrute@lemmy.zip 42 points 8 hours ago (1 children)

Not if you say you do ✨AI✨

[–] Birch@sh.itjust.works 5 points 2 hours ago

TAKE MY MONEY NOW!

[–] ICastFist@programming.dev 51 points 18 hours ago* (last edited 12 hours ago) (3 children)

> Open 2 bank accounts
> Get 2 credit cards
> Use 1 cc to pay the bill of the other cc
> repeat until credit score is big and cc limit is thru the roof
> go on spending spree
> 2 months of everything free
> flee to country that won't deport you as criminal

[–] AlecSadler@lemmy.blahaj.zone 21 points 15 hours ago (3 children)

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

[–] Evotech@lemmy.world 2 points 1 hour ago

Not anymore at least

[–] OsrsNeedsF2P@lemmy.ml 4 points 6 hours ago

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

[–] bitjunkie@lemmy.world 6 points 8 hours ago (1 children)

As best you legally can…

[–] AlecSadler@lemmy.blahaj.zone 8 points 8 hours ago

Ah, yes, let's go with that.

[–] invertedspear@lemmy.zip 19 points 17 hours ago

Credit cards caught on to this around 2010 or so. That’s why balance transfers always have a fee now. You could do this with either balance transfers or cash advances, both of which have fees now. So you’ll end up increasing the balance by 3% each month.

[–] Snowclone@lemmy.world 10 points 17 hours ago

My grandparents did this for decades with 20+ cards. Yes it's illegal to do this.

[–] DrDystopia@lemy.lol 167 points 1 day ago (2 children)

Don't do it OP, traveling and broadening your mind might make you enjoy life and then you'd not be so nonchalant about deleting yourself. You might end up on prison, where you'll suffer doubly due to your newfound love of life and freedom! Better semi-suffer in an empty existence for the rest of your life like most others.

Or like, just stay on a foreign beach with your embezzled money and a drink in your hand and never come back. Actually seems like the best option overall...

[–] WhyIAughta@lemmy.world 114 points 23 hours ago (8 children)

Happened to a buddy of mine, took out a bunch of loans during covid, and stopped paying rent. he didn’t travel but he lived large, pretty much spent it all on prostitutes and what not, then when the money ran out he couldn’t pull the trigger.

With a little help he got instituted for a few days and then got some government funded counselling (not in the states obviously)

He couch surfed for a bit, luckily we have a tight friend group

He landed back on his feet, still on the hook for all of it and the government started garnishing his wages, But he found a good stable girl who takes care of him and he’s happier than I’ve ever seen him, he works, he takes care of himself. I’m proud of him. He’s come a long way.

[–] hash@slrpnk.net 17 points 21 hours ago (5 children)

If we all did this capitalism would collapse.

[–] Tja@programming.dev 2 points 3 hours ago (1 children)

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

[–] Ensign_Crab@lemmy.world 1 points 2 hours ago

Yeah, but it being a desirable outcome is a bit novel.

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[–] DrDystopia@lemy.lol 31 points 23 hours ago (1 children)
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[–] M137@lemmy.world 6 points 14 hours ago (1 children)

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

[–] voracitude@lemmy.world 2 points 10 hours ago

Hope you've got some of that broken leg serum

[–] N0body@lemmy.dbzer0.com 41 points 21 hours ago (1 children)

My brother in Christ, have you heard of filing bankruptcy?

[–] nutbutter@discuss.tchncs.de 15 points 18 hours ago

I... Declare... BANKRUPTCY!!!

[–] paris@lemmy.blahaj.zone 60 points 23 hours ago (11 children)

I've heard of people getting their credit score up, taking out all their lines of credit, then dipping to Europe for 10 years to start a business. By the time they came back, their credit scores were fine again because it had been long enough to not affect it. Obviously planning to do this ahead of time is illegal, but if it just happens by circumstance and you're stuck in Europe and can't pay back the debt for 10 years then like…

[–] Steve@startrek.website 21 points 21 hours ago (1 children)

Default judgment wants a word with you

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[–] lessthanluigi@lemmy.sdf.org 55 points 23 hours ago (3 children)
[–] Donkter@lemmy.world 31 points 23 hours ago (4 children)

I like how this image smugly pretends like it's above it all when lust and time wasting questions are like 2/5 pillars of the human condition.

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[–] InternetCitizen2@lemmy.world 68 points 1 day ago (4 children)

Just put your ultra capitalist hat when the time comes to repay them. Tell them its a free market and they took a risk like all for profit ventures, but its not looking good for them and better luck next time. Also nice tits bro, very milk.

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[–] hanrahan@slrpnk.net 20 points 21 hours ago* (last edited 21 hours ago) (3 children)

Picture related ... Or not?

Tjat aside anaon, just decakre bankruptcy.

But i think anon's plan will fall at the first hurdle, getting a large loan requires collateral.

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