this post was submitted on 15 Feb 2024
1366 points (98.5% liked)
Microblog Memes
5754 readers
2257 users here now
A place to share screenshots of Microblog posts, whether from Mastodon, tumblr, ~~Twitter~~ X, KBin, Threads or elsewhere.
Created as an evolution of White People Twitter and other tweet-capture subreddits.
Rules:
- Please put at least one word relevant to the post in the post title.
- Be nice.
- No advertising, brand promotion or guerilla marketing.
- Posters are encouraged to link to the toot or tweet etc in the description of posts.
Related communities:
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Your second option is 2 options. You dont need to default, just never finish paying it off.
Maybe you could just keep refinancing over and over until you're making 0.01 payments a month on 100 loans. And have a max credit score.
Real-life min/max'ing right here
The terms of a loan boil down to "we'll give you x, pay it back plus interest in y amount of time". How do you stretch something with a legally binding predetermined end out indefinitely without hurting your score or financial wellbeing?
Take out a personal loan for the balance?
Isn't that just kind of burning money at that point, i.e. harming your financial wellbeing? Also, aren't personal loans seen as "bad" for credit score purposes? I had to take one out a few years back and my score dropped like 45 points within the week