Wed 28 Nov 2007
I’m Moving My Debt Off Balance Sheet
Posted by RichSlick under Credit Cards
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I’ve ranted about the idiocy of FICO scoring system many times and I’ve discovered a solution to my problem. Like many big banks, I’ll simply move all my credit card debt off balance sheet. Once I do this, PRESTO, no more debt on my credit report and my score should rocket back up to 825 or so.
The real trick of course is to create an RSSIV (Rich Slick’s Structured Investment Vehicle) to bundle my debt and sell to unsuspecting overseas investors. Hopefully, with any luck, a judge will rule that those overseas investors don’t have any right to any of my possessions to collect on those debts should I be unable to repay those loans.

























November 30th, 2007 at 10:31 am
They have to do that in order for the Wall Street bankers can get their end of the year bonuses. Who said life is fair????
November 30th, 2007 at 11:12 am
I like the cut of your jib moneymonk.