Posted on Mar 20, 2024, 12:13 pm
#21
What are some ways to avoid having your income garnished? Is the solution to refrain from working for the following 7 years?
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Has anyone borrowed money to finance their limb lengthening?
Posted on Mar 20, 2024, 12:13 pm
#22
It depends greatly on the sum. It is unlikely that a bank or financial company would lend you 90K with no assets for collateral (such as a home or 401K plan).
Utilizing multiple credit cards to the maximum extent is effective, provided you are not at risk of losing any assets. Filing for bankruptcy eliminates your debt, but they will pursue any assets you possess prior to the process. While this action significantly impacts your credit score temporarily, it may not be crucial unless you had intentions of a major purchase, such as a new car, in the near future.
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Posted on Mar 20, 2024, 12:13 pm
#23
In 2022, I borrowed over 300k to cover my taxes, and no collateral was required. However, the interest rate was remarkably high at 16% APY while the federal rate remained low at that time, with the possibility of securing loans at 3%. Nowadays, it seems like SoFi’s interest rate for such a significant loan could be around 25% or more.
One might consider defaulting and avoiding repayment, but financial institutions are cautious. They wouldn’t approve such a substantial loan unless the borrower had a secure, well-paying job and a good credit history. Therefore, it’s not feasible for just anyone to obtain $100k and declare bankruptcy in order to begin anew.
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Posted on Mar 20, 2024, 12:13 pm
#24
300k in taxes are you a multimillionaire??
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Posted on Mar 20, 2024, 12:18 pm
#25
I’m 30 now, I don’t have much time left. I think it’s the right thing to do to take out a loan to fund this. I have very good credit, never been in debt, so I think it will pass.
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Posted on Mar 20, 2024, 12:18 pm
#26
In the article, it is mentioned that ‘Personal financing is accessible via SoFi, the internet-based bank. John borrowed money for his femurs—$1,200 monthly for the upcoming five years.’ This indicates that individuals in the US have the option to borrow funds for limb lengthening surgery. Nevertheless, there is a chance that issues arising from limb lengthening surgery could hinder patients from working for multiple years, and numerous lending firms might hesitate to offer loans for this particular procedure.
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Posted on Mar 20, 2024, 12:18 pm
#27
Total cost and end height? Where did you get the limb lengthening done? In my opinion, the height increase will be an investment as it can potentially lead to more opportunities in terms of job prospects, dating, and so on.
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Posted on Mar 20, 2024, 12:18 pm
#29
What are some ways to avoid having your income garnished? Is the solution to refrain from working for the following 7 years?
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0
Posted on Mar 20, 2024, 12:18 pm
#30
It depends greatly on the sum. It is unlikely that a bank or financial company would lend you 90K with no assets for collateral (such as a home or 401K plan).
Utilizing multiple credit cards to the maximum extent is effective, provided you are not at risk of losing any assets. Filing for bankruptcy eliminates your debt, but they will pursue any assets you possess prior to the process. While this action significantly impacts your credit score temporarily, it may not be crucial unless you had intentions of a major purchase, such as a new car, in the near future.
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