Most people aren't in that kind of situation but yeah, that was almost the right thing to do. Probably the better thing would have been to dump it all into bitcoin or some tanked stocks.
Most people aren't in that kind of situation but yeah, that was almost the right thing to do. Probably the better thing would have been to dump it all into bitcoin or some tanked stocks.
Yeah back in the financial crisis of 2007–2008 I had 5 credit cards and a FICO score of 850, I started getting letters advising me they were lowering my borrowing amount and credit limit. I then started getting bank notifications advising me my fico score was dropping. SO I started buying all I could and maxed my cards out, as of today I have and will not repay the bills. You see debt collectors can't touch social security and US debt collectors can't touch my union pension so rather than being screwed I won.