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 Die with massive DEBTS, A guru told me about that

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icemanfx
post Jan 21 2020, 08:14 AM

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QUOTE(posmaster @ Jan 20 2020, 09:51 AM)
Wah interesting topic......so my 2 cents as follows:

Die with debts can work.....and here's how:
Just like anything, one must have the right condition

Condition: Do not have own family or responsible to anyone....if got also you don't care already one......u are 4ever alone or plan to be alone with 'dun care' attitude.....or u already know u will die soon......

What you need to do:
1) Obviously, borrow, loan, take whatever credit money u can.... there is plenty of place u can take money from.....

a) Banks - all bank brand in M'sia, personal loan, dun care interest rate..
b) Ah Long - all race of ah long from every phone number u see in street lamp post.....
c) Take out all type of expensive materials on loan basis, house, car, furniture, electrical appliances, phones, convert it to cash no matter how low they give......as long as cash u take....

After taking cash, how u use the cash its up to you....

When it comes to re-paying.....
As per topic, Die with debts ma.... so go die lor..... u can always choose to end ur life anytime....

If not, you can pusing2 or U-turn like our politicians these days.....u will still be alive no matter how ppl treat u......no ah long will kill u as they want ur money not ur life.....

or

Run away to China like our Jho Low taiko, Alvin, other Fugitive, our polis so lazy n only know pusing2, they go there investigate also lazy, so nobody will find u eventually...

so can work ma..... why cannot.... if u met the requirement, can try2 !!!
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If, if, if, if,,,,,

QUOTE(aspartame @ Jan 20 2020, 05:12 PM)
Wah... how much you are paid to lure people in? But I tell you what ... the platinum course so expensive sure got people attend one.... the psychology is — “ so expensive sure very good one”
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Like overpriced poorperly.
SUSLiamness
post Jan 21 2020, 09:19 AM

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QUOTE(icemanfx @ Jan 21 2020, 08:09 AM)
If you could find.
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sure can find one la.. just a matter of price & flexible in who you want as tenants..

This post has been edited by Liamness: Jan 21 2020, 09:20 AM
icemanfx
post Jan 21 2020, 11:57 AM

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QUOTE(Liamness @ Jan 21 2020, 09:19 AM)
sure can find one la.. just a matter of price & flexible in who you want as tenants..
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Then foreclosure, auction is fake news.
SUSLiamness
post Jan 21 2020, 12:14 PM

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QUOTE(icemanfx @ Jan 21 2020, 11:57 AM)
Then foreclosure, auction is fake news.
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you think so easy to foreclose?

you need to miss payments at least 3 months.. then get issued warning letter.

takes you at least 6 months of not paying a single cent before the bank decide to take action..

at least a full year before it get listed on lelong.

at any time, the owner can make just one payment in the 12 months, and the lelong will be called off..


icemanfx
post Jan 21 2020, 02:36 PM

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QUOTE(Liamness @ Jan 21 2020, 12:14 PM)
you think so easy to foreclose?

you need to miss payments at least 3 months.. then get issued warning letter.

takes you at least 6 months of not paying a single cent before the bank decide to take action..

at least a full year before it get listed on lelong.

at any time, the owner can make just one payment in the 12 months, and the lelong will be called off..
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For certain, you are not in banking industry or legal. if you are familiar with bank, legal proceeding, you will say otherwise.

SUSLiamness
post Jan 21 2020, 04:39 PM

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QUOTE(icemanfx @ Jan 21 2020, 02:36 PM)
For certain, you are not in banking industry or legal. if you are familiar with bank, legal proceeding, you will say otherwise.
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im a seasoned house owner. pretty much know SPA agreement through and through. Also know what the banks can and can't do.

anyways, house owning is pretty straight forwards.. just keep your margin of finance below 30% and you won't run into any difficulty with any of your loans..
icemanfx
post Jan 21 2020, 05:29 PM

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QUOTE(Liamness @ Jan 21 2020, 04:39 PM)
im a seasoned house owner. pretty much know SPA agreement through and through. Also know what the banks can and can't do.

anyways, house owning is pretty straight forwards.. just keep your margin of finance below 30% and you won't run into any difficulty with any of your loans..
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What margin of finance? Can elaborate and share.

This post has been edited by icemanfx: Jan 21 2020, 05:30 PM
Boomwick
post Jan 21 2020, 09:13 PM

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QUOTE(icemanfx @ Jan 21 2020, 05:29 PM)
What margin of finance? Can elaborate and share.
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Means 100k house pinjam 30k sahaja

This post has been edited by Boomwick: Jan 21 2020, 09:13 PM
Celine Leong P
post Jan 21 2020, 10:09 PM

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QUOTE(Liamness @ Jan 21 2020, 12:14 PM)
you think so easy to foreclose?

you need to miss payments at least 3 months.. then get issued warning letter.

takes you at least 6 months of not paying a single cent before the bank decide to take action..

at least a full year before it get listed on lelong.

at any time, the owner can make just one payment in the 12 months, and the lelong will be called off..
*
Ngam... The bankz also don't want to lelong your hause unless absolutly necessary onee.. who so stupid want to do so many things also need to lugi oneeee... hahaxz...
icemanfx
post Jan 22 2020, 12:54 AM

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QUOTE(Boomwick @ Jan 21 2020, 09:13 PM)
Means 100k house pinjam 30k sahaja
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Then how to die with massive debts?

QUOTE(Celine Leong @ Jan 21 2020, 10:09 PM)
Ngam... The bankz also don't want to lelong your hause unless absolutly necessary onee.. who so stupid want to do so many things also need to lugi oneeee... hahaxz...
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Bank needs to recover it's loan. All hassles is handle by legal firm.
SUSlurkingaround
post Jan 22 2020, 11:09 AM

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QUOTE(icemanfx @ Jan 21 2020, 08:09 AM)
One da shu who survived AFC 1997, respect.
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.
I do not understand why the BN government loosely liberalized the banking sector in 1992-93, eg easy max 100% and 30-year house loans, knowing very well (from supply and demand factor) that it would lead to high prices which burdened the Rakyat, eg a DST house in PJ that cost RM150k in 1991 shot up to RM500k in 1994 - just to show off high economic growth numbers of more than 5% to the Westerners.?
....... It was like the government pushing drugs to impressionable youths, in order to profit off them.

Maybe the BN government was blinded by her pro-business and/or pro-bumiputera(= affirmative actions to help bumiputera entrepreneurs) policy.

Why is the government not clamping down on these predatory inflated valuations/cash-backs/multi-loans(or loan compression) practices of housing/condo developers.? More taxes and stamp duties collected.?
.

This post has been edited by lurkingaround: Jan 22 2020, 11:44 AM
icemanfx
post Jan 22 2020, 11:40 AM

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QUOTE(lurkingaround @ Jan 22 2020, 11:09 AM)
.
I do not understand why the BN government loosely liberalized the banking sector in 1992-93, eg easy max 100% and 30-year house loans, knowing very well (from supply and demand factor) that it would lead to high prices which burdened the Rakyat, eg a DST house in PJ that cost RM150k in 1991 shot up to RM500k in 1994 - just to show off high economic growth numbers of more than 5% to the Westerners.?

Maybe the BN government was blinded by her pro-business and/or pro-bumiputera(= affirmative actions to help bumiputera entrepreneurs) policy.

Why is the government not clamping down on these predatory inflated valuations/cash-backs/multi-loans(or loan compression) practices of housing/condo developers.? More taxes and stamp duties collected.?
.
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There is a political doctrine to feed people with debts. when people are fed with debts, they feel happy. hence, substantial increased in household debts.

This post has been edited by icemanfx: Jan 22 2020, 11:40 AM
williamchua8
post Mar 1 2020, 10:22 PM

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QUOTE(Pac Lease @ Jan 20 2020, 04:20 PM)
i not interested how to use the money, im the banker to help customer to process cash out loan. rclxms.gif
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I know that rentals from property can be used as document to prove income to bank but does bank only use the rental income as supporting document, meaning they won't take it 100%, maybe 20% or something and only use it as supporting document, even only take the payslip income while determining the LA of a borrower?
JimbeamofNRT
post Mar 2 2020, 02:09 PM

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QUOTE(williamchua8 @ Mar 1 2020, 10:22 PM)
I know that rentals from property can be used as document to prove income to bank but does bank only use the rental income as supporting document, meaning they won't take it 100%, maybe 20% or something and only use it as supporting document, even only take the payslip income while determining the LA of a borrower?
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again. human factors. the guidelines are there but final decision is made by the officer in charge.

I know one fella salary rm3.2K can get rm270K rumah selangorku summore got other loans to serve

dunno how lah to survive liddat
Pac Lease
post Mar 2 2020, 04:18 PM

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QUOTE(williamchua8 @ Mar 1 2020, 10:22 PM)
I know that rentals from property can be used as document to prove income to bank but does bank only use the rental income as supporting document, meaning they won't take it 100%, maybe 20% or something and only use it as supporting document, even only take the payslip income while determining the LA of a borrower?
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tenancy agreement will take in as income calculation whereby with stamping tenancy agreement and latest 6 month rental bank in. normally bank take 70% from the rental.
williamchua8
post Mar 2 2020, 07:29 PM

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QUOTE(Pac Lease @ Mar 2 2020, 04:18 PM)
tenancy agreement will take in as income calculation whereby with stamping tenancy agreement and latest 6 month rental bank in. normally bank take 70% from the rental.
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I see, means have to do at least minimum 30% reduction on rental when calculating LA. Means it is impossible for bank to take 100% of rental to calculate LA la, no matter it is LA for company or personal.
bobowyc
post Mar 2 2020, 08:08 PM

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What the heck is the art of debt. lol. Like how right can it be? Its just making you into a scumbag if lets say you follow what they say. lol..
Omochao
post Mar 3 2020, 12:51 AM

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hft
post Mar 3 2020, 11:23 AM

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QUOTE(Jacky yong @ Mar 20 2019, 04:59 PM)
Hi sifu sifus...
I went to a seminar last night regarding I call it " THE ART OF DEBTS" LOL
I guess most of the people are knowing what seminar i'm talking about.

Anyone heard about it before?
What do you think about his talk?
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Take big debts until margin call.
blmse92
post Mar 3 2020, 11:25 AM

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Topic 'Die with massive debts' From my understanding is, someone borrow whatever money he can borrow as on his/her capability and then die without paying? it is what it mean? haha

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