Does anyone know if you stop paying your credit card can the credit card company go after your online brokerage account for any funds you have in securities?
Quote from krazykarl:
You do realize that most companies these days run a credit check as part of the hiring process, right?
Quote from Trader666:
That's a very naive statement. You have no idea how your life will pan out.
There are needs and wants.
You don't need credit for the things you can foresee, you need it for the things you can't foresee.
You'll want it someday for the convenience.
Quote from risktaker:
Credit is mostly a way to keep the masses enslaved in their 9-5 jobs working for their masters.
Good credit rating/score? What a fucking joke!
Just make some damn good coin, QUIT buying shit on plastic/credit & tell the banks/masters to fuck off & put their "score" system up their asses.
The only thing "credit" is good for is to rack up up $100-200K of CC debt and then give the banks the middle finger.
Quote from risktaker:
Credit is mostly a way to keep the masses enslaved in their 9-5 jobs working for their masters.
Good credit rating/score? What a fucking joke!
Just make some damn good coin, QUIT buying shit on plastic/credit & tell the banks/masters to fuck off & put their "score" system up their asses.
The only thing "credit" is good for is to rack up up $100-200K of CC debt and then give the banks the middle finger.
Quote from 377OHMS:
Why should I wait until I'm too old to enjoy the fruits of my labor?
The chinese say I can have the mansion and toys right now and pay for it later at a modest interest rate. Most of the big things I buy all appreciate so it ends up paying off. They supply leverage and I locate value. They share my risk and I have autonomy over what is purchased and the terms. Its almost a business in the long term.
Where does the enslavement come in? Are you referring to the fact that I have assumed large credit obligations and so I'm "enslaved" to the bank in the sense that I must make payments?
The banks didn't force me to buy a mountaintop castle. I wanted the damned thing. They faciliated the purchase for a fixed rate but I will own the appreciation. Yeah, some real estate appreciates, even these days. I'm not a slave, I'm a grateful homeowner.