

How many people start companies, rack up a bunch of debt, then create another company that buys everything except the debt?


How many people start companies, rack up a bunch of debt, then create another company that buys everything except the debt?


It’s BS they didn’t know about it. They got the financials before the deal. Even if it wasn’t directly listed as a line item it would have been a part of the expenses.
They still thought the deal was worth doing as it was based on incoming revenue and outgoing expenses.


I didn’t even get an email about this. I would have been angry when my subscription auto renewed. I love Trakt but this is too much. I’ll be cancelling too
EDIT: I cancelled. Bummer. I’ve been a user for 12 years. I track things religiously and I tried to contribute to their site by creating public lists that have actual value.
It’s too short a notice, a flimsy justification, and a poor execution. The auto tracking features they added recently really messed up my watch history so now is as good of time as any to quit.


It’s funny. They target people who burned the trucks, but insurance claims are probably their best chance to get paid for the trucks.


Could they not smell it?


I just told a story about doing this in another comment
It wasn’t on a whim. I had a plan and it worked. I don’t think most people are doing what I did and they are just taking these loans out without a plan or understanding on how bad they can be.


I 100% fixed my credit score with these types of shitty high interest loans. I took it from 450 to 700 pretty fast.
I realized that credit score formulas are heavily weighted by payment history and credit balances. I had no credit card balances but I had bad payment record from being a stupid kid in college.
Once that dawned on me, I put all my debt into a high interest loan. Made a payment or two then my credit score would go up a bit, and I’d refinance to a somewhat lower interest rate. Those high interest loans kill most people on interest so they don’t have origination fees. I kept refinancing to better rates until I got down to a reasonable number. By then my credit score was 700 and I could make consistent affordable payments until it was gone.
I wouldn’t recommend this to most people. It takes a lot of research and planning. The financial landscape has changed a lot since then too.
NOTE: Just because I had a success story with these doesn’t mean I think the types of loans are good. I found a loophole.
I think this industry is fucking gross and they target people in my situation with little knowledge of how loans and credit work. It’s a shame the CFPB couldn’t do more to stop it and now they are dead too.


Biscuits. I am in tears, that was hilarious and I needed that. Thank you.


Anyone who has a 401k likely has Tesla stock, unfortunately.


Yeah, could have been called “kids are learning how circuits work thanks to TikTok trend” and suddenly the story has a whole other meaning


Ironically, I’ve learned a lot of new words and I can directly thank Trump for that. Words like insurrection and stagflation….


But do the drivers speak English? /s


I can’t afford to eat at McDonald’s, even if I wanted to.


I agree with comments on how he is still rich as fuck but he did earn 77mil in 2020 and now he’s down to 10mil.
Boycotts are working.
I don’t mind being shot standing up for what’s right, but I don’t want to be shot in the ass.


I think about this quote daily as I read the news.
Veep stopped making episodes because he’ll headlines in the 1st Trump administration were crazier than what they could write.
Damn you’re right. We have been outsourcing more work to Accenture.
My office transition from WFH to Hybrid. A lot of people quit over the last year. We’re severely understaffed and we have had trouble hiring.
We had our worst internal survey results for the entire 10 years of my employment.
Management doesn’t seem to correlate the RTO rules as the problem though. 🙃
I’ve been trying to quit too, but I haven’t be able yo find a job yet (i was trying to change careers)
They still are on r/conservative. I checked today. Some are saying they thought it was shady that Trump said he’d release them then all of a sudden he went silent on the matter.
They are all over the place now.