I’ve learned the longer you wait, and more times your debt is sold, the more likely it is whoever is trying to collect can’t produce legal proof.
I mean, you do you, but my mother took the same approach and she can’t buy a car, gets routinely denied for apartments, and generally has zero trust with any bank. You don’t have to like the system, but the only person you hurt by fighting against it is yourself.
It’s not a bad strategy if used sparingly. Derogatory notes fall off your credit report after 7 years.
I strategically defaulted a CC in early adulthood and by the time I needed a mortgage was back in the 800s.
Like @[email protected] says, I fairly strategic about it. It’s mostly medical debt that can’t even go on the credit report anymore and maybe a store credit card or 2 that was used to replace the AC. I also generally make sure to pay the bills to banks that are known to actually take people to court e.g. Capital One
It’s my goal to reach a credit score of 1! That’s how you win, I think.
Credit score golf.
Why don’t you want to pay your bills?
want
You’re assuming a whole hell of a lot, odds are good they fucking can’t!
You’re also assuming that the debt is valid, which is often not the case with medical debt: Shit gets billed wrong, patients may not even receive notice, and by the time it gets to the collection agency, they may not be in a position to contest it.
Glad you’re lucky enough that this has never been a problem though, congratulations on your good fortune. You may fancy yourself a self made success, but that is an illusion: Unless you’re independently wealthy (perhaps, even if you are), you’re only one bad day away from joining those people.
Never forget that.
You sure are making a lot of assumptions.
Ah, my apologies, I didn’t realize you were just trolling and I took your comment in earnest. Goodbye! :)
It’s mostly medical debt, fuck the healthcare industry
Because i lost my job last year and was living on $300 a week weeknight bartending. I can pay for rent and groceries or i can pay for my student loans and credit card debt.
I hope you never find yourself in a position where you jave to choose, because it’s a living hell
Started a company. Gross income $1200 each of 2 years. I hear ya.
