Minor thought exercise, how quickly could Chris spend $50,000, assuming he got such a card secured to his house, and barring absolutely any outside troll interference?
Assumed card:
https://www.wellsfargo.com/credit-cards ... isa/terms/
(0% interest for one year, then total anal rapeage? That's basically
infinity time!)
Per year:
- Latest Playstation iteration, deluxe model, stack of games, extras, etc: $1,000
- New laptop, mid-range model: $1,000
- New iPhone, deluxe model: $1,000
- Snyder/some victim's Bills: $1,000
- Bell's fees: $2,000
- Land Taxes: $1,000
- Tardrage fee (backing into cars, Bann happening fees, etc): $500
- 3x hookers (3x 200 = $600)
Total: $8,100
Per month:
- Vidya, DLC, Netflix, microtransactions and other electronic entertainment: $1,000
- Stupid luxury purchases (new TV, vanity plates, monster cables, etc): $500
- Truly gluttonous fast food budget: $100 per week, $400
- Pointless small luxuries (makeup, tomgirl outfits, etc): $200
- Bills: $400
- Preexisting debt: $300
Total: $2,800
Monthly income:
Tugboat: $1,400
Results:
Per month:
$2,800 per month costs
-$1,400 income
Total: $1,400
2014 (assuming purchases scattered out):
Jan: $1,400
- Latest Playstation iteration, deluxe model, stack of games, extras, etc: $1,000
Feb: $3,800
March: $5,200
April: $6,600
- Snyder/some victim's Bills: $1,000
May: $9,000
June: $10,400 (it's over nine thousaaaaaaaaaaaand)
- New laptop, mid-range model: $1,000
July: $12,800
Aug: $14,200
- Bell's fees: $2,000
Sept: $17,600
Oct: $19,000
- Land Taxes: $1,000
Nov: $21,400
- New iPhone, deluxe model: $1,000
Dec: $23,800
- Tardrage fee (backing into cars, Bann happening fees, etc): $500
- 3x hookers (3x 200 = $600)
Debt year ending 2014: $24,900. We're a year out and Chris is almost exactly half used up his card.
2015:
Assumed interest rate: 24.99% (see link earlier)
Jan: $24,900 + $1,400 + (interest: $547) = $26,847
At which point we are now at the point of no return. 25% interest on $24,300, or just over $547 a month, is unpayable for Chris unless he severely curtails his lifestyle (which he won't do) or gets a job (ditto). But let's continue.
Feb: $26,847 + $1,400 + (interest: $58
= $28,835
- Latest Playstation iteration, deluxe model, stack of games, extras, etc: $1,000
Mar: $29,835 + $1,400 + (interest: $650) = $31,885
April: $31,885 + $1,400 + (interest: $693) = $33,978 (Gimme a break here, I'm in a hell of my own!)
- Snyder/some victim's Bills: $1,000
May: $33,978 + $1,400 + (interest: $757) = $36,135
June: $36,135 + $1,400 + (interest: $781) = $38,316
- New laptop, mid-range model: $1,000
July: $38,316 + $1,400 + (interest: $827) = $40,543
Aug: $40,543 + $1,400 + (interest: $873) = $42,816
- Bell's fees: $2,000
Sept: $42,816 + $1,400 + (interest: $921) = $45,137 (uh oh... now the debt collector calls start coming in earnest)
Sept: $45,137 + $1,400 + (interest: $970) = $47,507 (HELP HELP HELP)
- Land Taxes: $1,000
Oct: $48,507 + 1,400 + (interest: $1,039) = $50,946
And it's gone. So I was kind of wrong: it's more like two years, but the point of no return is a year, at which point there's literally nothing anyone can do except sit back and wait for the end.
It's important to note that I forgot to include any court costs or any such things in there, but they can come out of the generic "Bann Happening/Snyder's Fees" things. Also, if he goes to prison which seems inevitable at this point, his debt will continue to accrue interest, pushing back the month a bit (he won't be able to spend jack in prison) but it won't be able to be paid, so... yeah.
In short, if Chris ever gets a secured credit card with a high limit, he is inconceivably fucked.
. And they are all just twolls to him.
ban the bank from selling your house/possessions?
