Why not compromise with minimum repayments and stacking?
Discussion
Why not? Well because currently the chances of me going to court, are slim. Based on current laws, I'm pretty safe as I don't have any CC with a balance over 3k. 5k+ is when they usually drag your ass in to take your assets and garnish wages.
But, even if they did drag me in over 3k....
1) I don't have any assets in just my name and they can't take someone else's property to pay for my debts.
2) my wages can't be garnished because I'm 1099 via doordashing. Childsupport can't even garnish my wages.
So, paying the minimum does nothing but save me calls from collectors and reduce total bitcoin stacked over 7yrs. And I can avoid the collector calls my simply changing my number, for free.
😉
Is your plan to never repay the cards?
Never. 7yrs they drop off your credit report.
If you make a payment, the 7yrs resets and starts over from your next missed payment.
And I'm broke asf. What do I need to maintain a 750 score for other than more shit I can't afford?
I have a place, 2 cars, a 33ft rv...
🤷
