Maybe he’s the smart one. He knows that inevitably those of us who are responsible will bail them out.
> Maybe he’s the smart one. <
Maybe so. Rack up that credit card debt. But anything that your heart desires. Then declare bankruptcy. Wait seven years, then rinse and repeat.
As a side note, a friend of mine declared bankruptcy (his wife was nuts, and that contributed to the problem bigly). After my friend filed, he started getting all sorts of credit card offers in the mail. The issuers knew that he couldn’t file for bankruptcy again any time soon.
Weird, huh?
Yes. I suspect you are correct.
I was thinking the same thing. Imagine a guy that just buys a ton of gold and silver, but uses credit cards for all of his purchases gets them up to 20 30 $40,000 and then just files for bankruptcy but he still has those pms.