i have large credit lines set up...it's not something I plan to do until I approach end of life... for now debt free is my pref.
At age 40, how much should the average person have in their retirement account?
- Thread starter poorboy
- Start date
Funny nutty/notty has no idea he's hated and considered a "dead beat" in the eyes of the "banksters".
That pretty speaks volume of his mindset.
Now that`s dumb to set up large credit lines when you have no intention to use it in the foreseeable future.
Perhaps giving favor to so-called "eye candy banker" (also happen to be smoking) who needs you to open credit lines in order to make monthly sales target. No?
On 2nd thought, knowing your ill intention, not going to be surprised the bank will initiate a preemptive strike by closing your credit line and screwing your FICO score in one swoop. LOL.
BTW, funny to notice you do not sound to have conviction to use your large credit lines to express your opinion/walk the talk.
So you do have debt or is it aLOC with no balance. I guess you plan to go nuts near the end. I hope the end doesn't catch you by surprise. Tell me if I'm wrong, but any balance on you LOC is a secured debt and they will get your money first before your whatevers.
Not going to be surprised Notty's LOC is a HELOC since the price of his "plan" to go nuts near the end would be his house foreclosure or something before his "whatevers".
That being said, is any one of the big six banks that dumb to let this "low-tech" fraud unnoticed before it happens?
Do you really think I don't understand the difference between secured and unsecured credit? Geez!!! If I die suddenly then so be it. I am not going to worry about that. Who knows what the world will look like years from now. It could be possible that it is simply not possible to borrow unsecured..or even more impossible to get away with it... who knows.If there is an opportunity to screw the banks in my dying days so I can be more comfortable.. I will not hesitate to do so.
No one claimed you didn't know the difference. Then you say if I can screw them I will. Kind of a hollow boast. They'll get their dues whether from you or your family. Then again I guess if you live alone and have no children or grandchildren, you win, until no one remembers your name.
Umm...Notty bravado as usual?
If my memory serves me right, they do have and hire pretty good lawyers in Bay Street to deal with small and big time trouble makers. No?
Nuttyboi must think his little plot will make a difference. A final one finger solute at the banks. A banker buddy of mine told me personal banking business accounts for so little of their bottom line, it's almost amounts to a rounding error.Umm...Notty bravado as usual?
If my memory serves me right, they do have and hire pretty good lawyers in Bay Street to deal with small and big time trouble makers. No?
I don't think the latter years for most of us is going to be very pleasant if we stay in North America. The best thing for you to do is to move to a 3rd world country where living is cheap and the weather is good. On that $200k that you've saved up so far, you can live well.
No surprise. If I could recall, retail banking is stable, albeit not high margin business.
Investment banking OTOH is big margin albeit cyclical business. No?
The idea of running up a LOC and then kicking the bucket is laughable.
1. Any LOC with a high limit needs to be a SECURED LOC. Like secured against an asset (like a house or company). If you default, they take your house. If you die, your house gets sold and secured creditors get paid first.
So good luck with the "screw the bank plan"
2. An unsecured LOC will have a very small limit (in comparison to to secured LOC). Good luck living off of that. And when you die, they still want the money and will go after your estate for it (and get it).
So again, good luck with the "screw the bank plan"
1. Any LOC with a high limit needs to be a SECURED LOC. Like secured against an asset (like a house or company). If you default, they take your house. If you die, your house gets sold and secured creditors get paid first.
So good luck with the "screw the bank plan"
2. An unsecured LOC will have a very small limit (in comparison to to secured LOC). Good luck living off of that. And when you die, they still want the money and will go after your estate for it (and get it).
So again, good luck with the "screw the bank plan"
