and the debt gets sold for 40%

same shit with houses

i truly don't know who is giving these people credit

because i pay absolutely everything on time and have decent income

and there's no way i could get 10% of the loans these people do

I was thinking it was a ton of different credit cards, so it's not like a big balloon. Its.a bunch of little debts.

yeah maybe that's the case

but most creditors will simply find out how much you already owe and what your income is

so if you want a loan, they're gonna look at how much you have leftover after paying your current debts

or at least they're supposed to

8k coming in a month and these people spend 15

I don't think loans are like credit card debt at all, but I dont rly know. I just heard card companies want to hook up with you no matter what, and most ppl have a bunch of different cards.

greetings "niggas"

nah credit card companies will just deny you

same as anything else

or they give you a card with a 300-500 limit

not enough to rack up serious debt

these people go to college for 4-8 years and come home with 50k+ in debt

just to make 100k a year

most of these calls im seeing its more like 300k in debt to make 125k/yr

and they buy a half a miillion dollar house and take out 200k in loans LMAO!

because they're rich college graduates now

gotta look the part

buy that 80k suv (for the kids!)

buy that 70k *executive* luxury car

gotta look the part

gotta fill the house with 50k of furniture so your friends dont think you're poor

all these yuppies drowning in debt but living like kangz

That's so true about the furniture

Clothes are a big deal too

probably for women

There's this middle-aged schmuck dad I know who let's his daughter spend $120 at Victoria's secret cuz she NEEDS it

daddy's gotta get his cummies

God, for men too tho. Guys spend a shit ton on shoes.

All of my cousins had to have name brand every fucking thing.

i'm 100% okay with everybody thinking i'm poor

they won't ask me for money then

fashions cool and all, but ppl aren't even buying good stuff.

There's boutiques here that have absolute shit material, a cut above Target, nothing special. Doesn't even look tailored. Charging $80 for a fucking shirt.

And some feux leather bag that just looks like some wannabe boho thing. It's really shit shit shit.

I want a tribe