Minichan

Topic: get tons of student loans

!OPhereejJA started this discussion 15 years ago #600

get tons of student loans.
buy 2 cars (with loans).
sell cars for cash.
pay back student loans with cash.
file bankruptcy.
profit!

Ninjj !nuPIzzAD4Y joined in and replied with this 15 years ago, 2 minutes later[^] [v] #12,090

What happened to quick reply? lolol

i am nostalgia-ing

Kody R. Bear„¢ !!F0+vKzoih joined in and replied with this 15 years ago, 1 minute later, 3 minutes after the original post[^] [v] #12,091

You would end up in the end just like you were in the beginning lol.

!OPhereejJA (OP) replied with this 15 years ago, 5 minutes later, 9 minutes after the original post[^] [v] #12,094

(Citing a deleted or non-existent reply.)
How so? You're not allowed to file bankruptcy for student loans. You can file bankruptcy and get rid of ANY other loan type, including federal and civil fines. if you pay off the one type of loan with cash that you got from another type of loan, you only have the bankruptcy-able loan type left, and file away. it will fuck your credit rating, but fuck that.

Anonymous E joined in and replied with this 15 years ago, 18 minutes later, 27 minutes after the original post[^] [v] #12,144

@previous (!OPhereejJA)

> How so? You're not allowed to file bankruptcy for student loans.

You would think people would read the fine print.

!OPhereejJA (OP) replied with this 15 years ago, 2 hours later, 3 hours after the original post[^] [v] #12,511

this is a good idea.

jump !VIfloDyEYo joined in and replied with this 15 years ago, 41 minutes later, 4 hours after the original post[^] [v] #12,578

@previous (!OPhereejJA)
I believe if you take out a car loan, you cannot transfer ownership unless the debt is paid off. I could be wrong.

jump !VIfloDyEYo double-posted this 15 years ago, 4 minutes later, 4 hours after the original post[^] [v] #12,579

@12,511 (!OPhereejJA)
Also, bankruptcy doesn't work like magic. You go to court and your finances and history are put under a microscope. I think this might fall under some sort of fraud.
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