Meadows posts credit score on IG, utter strangeness

[tres_taco_combo]

It is not uncommon for someone with a very high credit score to file bankruptcy.

yes - for sure

BK can happen for many reasons - generally speaking it is due to medical, divorce and IRS tax debt (ppl use cards to pay the IRS then file BK) not good to do but it happens.

also sometimes the faster you file BK the better the next years are, a slow bleed out can be really painful, sometimes better to get the BK over with and move on. I call on BK lawyers all the time for referral business (spec reverse mortgages)

BK sucks but it is there for a good reason.

one reason America is so great with the economy (going back to 1700s and 1800s) we have BK!! BK is amazing - it allowed risk takers to take risk and not go to debtors prison etc. like in Europe.

risk and innovation made America. and being able to take risk is needed

BK is very American and a good thing - most dont realize the amazing historic benefit how BK laws allowed the USA to leap ahead of other nations in the developing years.

also BK fraud is civil and criminal so its hard to beat that system - dont even try lol

[Humble Narcissist]

Yes, BK has helped create many rich people.

[Agnostic007]

yes - for sure

BK can happen for many reasons - generally speaking it is due to medical, divorce and IRS tax debt (ppl use cards to pay the IRS then file BK) not good to do but it happens.

also sometimes the faster you file BK the better the next years are, a slow bleed out can be really painful, sometimes better to get the BK over with and move on. I call on BK lawyers all the time for referral business (spec reverse mortgages)

BK sucks but it is there for a good reason.

one reason America is so great with the economy (going back to 1700s and 1800s) we have BK!! BK is amazing - it allowed risk takers to take risk and not go to debtors prison etc. like in Europe.

risk and innovation made America. and being able to take risk is needed

BK is very American and a good thing - most dont realize the amazing historic benefit how BK laws allowed the USA to leap ahead of other nations in the developing years.

also BK fraud is civil and criminal so its hard to beat that system - dont even try lol

I think Bankruptcy is abused. Personal responsibility should be applauded not refusing to pay people. But hey.. Im liberal

[tres_taco_combo]

I think Bankruptcy is abused. Personal responsibility should be applauded not refusing to pay people. But hey.. Im liberal

Bk is an amazing invention  -  

i am not right or left wing - just call it as a i see it.

fyi ppl who go through Bk it is a serious mental drain and very hard on them - trust me they feel it.

i am not a fan of anything that is abused - and i am not right or left wing - i call it how i see it from my own set of eyes on each topic.

BK lawyers are some of the smartest business ppl ive met

[Agnostic007]

Bk is an amazing invention  -  

i am not right or left wing - just call it as a i see it.

fyi ppl who go through Bk it is a serious mental drain and very hard on them - trust me they feel it.

i am not a fan of anything that is abused - and i am not right or left wing - i call it how i see it from my own set of eyes on each topic.

BK lawyers are some of the smartest business ppl ive met

My cuz is a bankruptcy lawyer and I hear what you are saying.. at the personal level it is well regulated. But multi millionaires can use it to their advantage and often do

[Humble Narcissist]

My cuz is a bankruptcy lawyer and I hear what you are saying.. at the personal level it is well regulated. But multi millionaires can use it to their advantage and often do

Rich and poor have more in common with each other than they do with the middle class.  Both use BK to help them get ahead whereas middle class usually suffer needlessly.

[BBSSchlemiel]

I think Bankruptcy is abused. Personal responsibility should be applauded not refusing to pay people. But hey.. Im liberal

Banks don’t lose one red cent when someone doesn’t pay them back.

Fractional reserve banking, yet another great invention.

I guess I should have asked why Meadows would make such a goofy, infantile post.

[BayGBM]

Bay likely perfect credit score. 

http://www.getbig.com/boards/index.php?topic=309532.0

[Wiggs]

If you read, understand and know how to apply the Fair Credit Reporting Act (FCRA) you can go from a zero to a hero and GayBay's bullshit is thrown out of the window. I know every trick of the trade, Lexis Nexus, Sagestream, and more.  Freezing certain things in certain order, what letters to write, how to write them, certify them, take them to court if you have to if they don't provide what they must legally provide to put things on your credit report and more.  GayBay has some nerve trying to judge someone when he's a queer. That's flagrant foul in life. So while I don't have "perfect" credit, I have credit to get some of the lowest interest rates from lenders and I know how to leverage that credit...Business credit as well. You have to know how to play the game.    Ignorant people pay collection agencies. I would never pay these assholes. Matter of fact I never did and they still had to take that shit off.

[Humble Narcissist]

If you read, understand and know how to apply the Fair Credit Reporting Act (FCRA) you can go from a zero to a hero and GayBay's bullshit is thrown out of the window. I know every trick of the trade, Lexis Nexus, Sagestream, and more.  Freezing certain things in certain order, what letters to write, how to write them, certify them, take them to court if you have to if they don't provide what they must legally provide to put things on your credit report and more.  GayBay has some nerve trying to judge someone when he's a queer. That's flagrant foul in life. So while I don't have "perfect" credit, I have credit to get some of the lowest interest rates from lenders and I know how to leverage that credit...Business credit as well. You have to know how to play the game.    Ignorant people pay collection agencies. I would never pay these assholes. Matter of fact I never did and they still had to take that shit off.

It is amazing how many people are totally clueless about credit and their rights.  I tell people all the time to NEVER PAY A COLLECTION AGENCY and they look at me with this confused look on their faces.

[tres_taco_combo]

It is amazing how many people are totally clueless about credit and their rights.  I tell people all the time to NEVER PAY A COLLECTION AGENCY and they look at me with this confused look on their faces.

if you pay a collection agency - only pay for the following "paid for deletion"

this way they will delete the collection off the credit report, and its poof gone! not all collection agencies will do this,

if you just pay a collection - your credit report will show "collection" paid and that is it.

the reason i am anal about my credit report for 2 main reasons

1. I will sometimes take out a small personal line for marketing/expenses for work
2. I am all about buying small/cheap rental homes and you need A+ to finance investment homes, I dont have a pension, SSI is a pipedream in 40 years, 401ks well..if you work for the same employer for 25 years and they match it - then it is a good tool but i do not have that so my retirement plan is passive/rental income. every few years, add another unit - goal is to have them paid off at retirement and live off passive rental income with a basket of properties.

being in real estate/lending - i know this market/this is what i do for a living. i am a fan of cheaper single family homes for rental income -

i do alot of reverse mortgages for retired folks - retirement is scary as fuck - most ppl and even more so baby boomers will outlive their income savings - hence i am looking playing the passive rental income game.  i am far from a baller, but slowly looking to add rentals as that is my "end game plan" with my savings/retirement

i personally would be better off with passive income than a "nest egg" i have 35 years - 40 years before i plan to retire so i have time.

[AbrahamG]

Bay likely perfect credit score. 

http://www.getbig.com/boards/index.php?topic=309532.0

LOFL

[pellius]

It is amazing how many people are totally clueless about credit and their rights.  I tell people all the time to NEVER PAY A COLLECTION AGENCY and they look at me with this confused look on their faces.

Why?

[Humble Narcissist]

Why?

Only deal with the actual company you owe the debt.