How to pay off a maxed out credit card when you're broke

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  • tinfoil paradise
    SBR Hustler
    • 08-13-10
    • 51

    #1
    How to pay off a maxed out credit card when you're broke
    Write a hot online payment for the entire balance. You should have the funds on the card by the next day. However, it will take a couple of more days for the debit to clear the bank.

    Fund an e wallet with the credit card and deposit the balance at your favorite sports book.

    Now here is the important part. Place a bet on a sure thing with the entire balance. Remember, it has to be a sure thing or you could end up really screwed.

    When you win, simply pay off the credit card. Your payment will probably bounce before you get your funds from the book, but just tell your card company you had made an account error, and you'll be taking care of that immediately.
  • blackbeSSt
    SBR Hall of Famer
    • 09-06-08
    • 9398

    #2
    Originally posted by tinfoil paradise
    Write a hot online payment for the entire balance. You should have the funds on the card by the next day. However, it will take a couple of more days for the debit to clear the bank.

    Fund an e wallet with the credit card and deposit the balance at your favorite sports book.

    Now here is the important part. Place a bet on a sure thing with the entire balance. Remember, it has to be a sure thing or you could end up really screwed.

    When you win, simply pay off the credit card. Your payment will probably bounce before you get your funds from the book, but just tell your card company you had made an account error, and you'll be taking care of that immediately.
    no such thing as a sure thing in the gambling world. and when the sure thing loses your are doubly screwed. horrible idea.
    Comment
    • pavyracer
      SBR Aristocracy
      • 04-12-07
      • 82667

      #3
      I think credit card deposits to a sportsbook are held for 30 days. So you have to wait 30 days until requesting a payout. By that time you have fukked up both your credit card and your bank account.
      Comment
      • CarpeDime
        SBR Hall of Famer
        • 09-01-09
        • 7873

        #4
        Originally posted by tinfoil paradise
        Write a hot online payment for the entire balance. You should have the funds on the card by the next day. However, it will take a couple of more days for the debit to clear the bank.

        Fund an e wallet with the credit card and deposit the balance at your favorite sports book.

        Now here is the important part. Place a bet on a sure thing with the entire balance. Remember, it has to be a sure thing or you could end up really screwed.

        When you win, simply pay off the credit card. Your payment will probably bounce before you get your funds from the book, but just tell your card company you had made an account error, and you'll be taking care of that immediately.

        excellent idea, something did occur to me though

        why not just do this anyway, even if you dont have a maxed out card, and skip the first step?

        in other words:

        Step 1: Fund an e wallet with a credit card and deposit the balance at your favorite sports book.

        Step 2: Place a bet on a sure thing with the entire balance.

        Step 3: When you win, simply pay off the credit card.

        Why not just do it just to have the money, even if you don't have a maxed out card?
        Comment
        • rfr3sh
          SBR Posting Legend
          • 11-07-09
          • 10229

          #5
          IM gonna use this plan without the bet and only go all in on 1 sure thing every night
          I should be rich soon
          Comment
          • tinfoil paradise
            SBR Hustler
            • 08-13-10
            • 51

            #6
            Originally posted by pavyracer
            I think credit card deposits to a sportsbook are held for 30 days. So you have to wait 30 days until requesting a payout. By that time you have fukked up both your credit card and your bank account.
            You don't fund the book with the card. You fund an e wallet with it. Those aren't held at all.
            Comment
            • dinaro7
              SBR Wise Guy
              • 12-06-09
              • 888

              #7
              pavy racer knows what hes talking about
              Comment
              • Boscoe
                SBR MVP
                • 02-08-10
                • 2811

                #8
                Comment
                • acarmelo1
                  SBR Hall of Famer
                  • 09-29-09
                  • 6321

                  #9
                  Just buy your debt with another credit card, it will give you time.
                  Comment
                  • EDDIE MONEY LINE
                    SBR Hall of Famer
                    • 02-24-10
                    • 6298

                    #10
                    risky business, but i know i'd try it if i had any credit cards haha...get wild with it
                    Comment
                    • thebestthereis
                      SBR Posting Legend
                      • 03-01-09
                      • 11459

                      #11
                      the only sure thing was when susie made out with her partner, licked her clit then picked the 2009 wnba championship winner, unprecedented. it has only been done one other time in history and that was in tennis by martina navratilova, a big time dike.
                      Comment
                      • rm18
                        SBR Posting Legend
                        • 09-20-05
                        • 22292

                        #12
                        in the neteller days I wrote a $3000 bad check to Bodog picked up a $300 bonus, rolled it over and got it up over 8k thanks to Oregon St. beating Hawaii and cashed the money back into my bank via neteller.
                        Comment
                        • acarmelo1
                          SBR Hall of Famer
                          • 09-29-09
                          • 6321

                          #13
                          Originally posted by rm18
                          in the neteller days I wrote a $3000 bad check to Bodog picked up a $300 bonus, rolled it over and got it up over 8k thanks to Oregon St. beating Hawaii and cashed the money back into my bank via neteller.
                          Can you still play at Bodog?
                          Comment
                          • thechaoz
                            SBR Posting Legend
                            • 10-23-09
                            • 12154

                            #14
                            uh ya sure
                            Comment
                            • rm18
                              SBR Posting Legend
                              • 09-20-05
                              • 22292

                              #15
                              Originally posted by acarmelo1
                              Can you still play at Bodog?
                              Bodog never knew they paid me out before my neteller check bounced, then neteller retried the next day and it went through because I withdrew bank to my bank before first check finished bouncing. Only take one day to withdraw but like a week to bounce. I cant play at bodog anymore but that is unrelated got limits cut and stuff after I won pretty big.
                              Comment
                              • jjgold
                                SBR Aristocracy
                                • 07-20-05
                                • 388208

                                #16
                                Tinfoil what is your phone number??

                                I am going to enroll you in GA
                                Comment
                                • yahoonino
                                  SBR MVP
                                  • 08-10-07
                                  • 2651

                                  #17
                                  bad idea , only degenerate gamble think this way
                                  Comment
                                  • big joe 1212
                                    SBR Posting Legend
                                    • 06-01-08
                                    • 19380

                                    #18
                                    I have done this before.

                                    The key is to set up an online payment for a Friday. This way you have until at least Tuesday before it goes through, but funds are available Saturday morning.

                                    I did this before a trip to Atlantic city. Took the money out by cash advance over the weekend. Won, then went to bank and deposited the money needed on Monday morning, in time to cover my ass.

                                    If you lose, at least they don't charge over limit fees anymore, only fees for the bounced check.

                                    wouldn't recommend doing this often, as when you lose, you will **** up your credit rating for going over your available credit.

                                    Like yahoonino says, only us degens do shIt like this!
                                    Comment
                                    • MadRussian
                                      SBR Sharp
                                      • 12-21-08
                                      • 334

                                      #19
                                      I don't really get. Can you please explain it to me in more detail??
                                      Comment
                                      • TR88
                                        Restricted User
                                        • 06-10-10
                                        • 9364

                                        #20
                                        Degenerates going wild....
                                        Comment
                                        • stikymess
                                          SBR MVP
                                          • 05-19-10
                                          • 3288

                                          #21
                                          Wow, just Wow you guys are nuts!
                                          Comment
                                          • tltaylor89
                                            SBR Posting Legend
                                            • 06-19-09
                                            • 19610

                                            #22
                                            Dont even know where to start with this one,most credit card companies take 24 hours from the time you schedule payment lets say you happen to use the money in your bank account designated for the payment of that "Maxed out credit card".Lets say you decide to fund at BetPhoenix with your debit card ok funds are available they are debited from your bank account .Lets say you do hit that"Big Play" and get all the authorization paperwork in within the 24 hours you still have to way 10 days according to BetPhoenix rules. Ok the credit card company tries to debit the funds they are not their so what they do is charge you a $25-$70 returned check fee on top of what you owe.Now on the banks end you get charged the amount of $25-$70 plus if they decide to pay the charge you are out of even more.Why be out of $140 both ways by gambling?Its just stupid.
                                            Comment
                                            • jjgold
                                              SBR Aristocracy
                                              • 07-20-05
                                              • 388208

                                              #23
                                              where do these fuks come from?
                                              Comment
                                              • Brock Landers
                                                SBR Aristocracy
                                                • 06-30-08
                                                • 45367

                                                #24
                                                Old idea, did this years ago to bank if America, I called it the double doup...how I went from having a 7.5 dime limit, to a 15 dime limit

                                                You can only do it once, but it will/does work
                                                Comment
                                                • Grind House
                                                  SBR MVP
                                                  • 01-01-10
                                                  • 1405

                                                  #25
                                                  People come up with some wild shit.
                                                  Comment
                                                  • stikymess
                                                    SBR MVP
                                                    • 05-19-10
                                                    • 3288

                                                    #26
                                                    Originally posted by Brock Landers
                                                    Old idea, did this years ago to bank if America, I called it the double doup...how I went from having a 7.5 dime limit, to a 15 dime limit You can only do it once, but it will/does work

                                                    Well in the case of B of A, good deal as i hate them.
                                                    Comment
                                                    • gryfyn1
                                                      SBR MVP
                                                      • 03-30-10
                                                      • 3285

                                                      #27
                                                      Originally posted by tinfoil paradise

                                                      Now here is the important part. Place a bet on a sure thing with the entire balance. Remember, it has to be a sure thing or you could end up really screwed.
                                                      wow really, thats where i screw up, I always see the sure thing but decide to bet something else ---
                                                      Comment
                                                      • dimon
                                                        SBR MVP
                                                        • 08-14-09
                                                        • 1159

                                                        #28
                                                        why bother to pay cc at the first place???...what will they do, sue you, or sell the account...make sure you do not have much and ignore the whole thing
                                                        Comment
                                                        • Dirty Sanchez
                                                          SBR Posting Legend
                                                          • 03-01-10
                                                          • 16031

                                                          #29
                                                          Dudes like this guy...end up in the can...they can't help themselves
                                                          Comment
                                                          • Brock Landers
                                                            SBR Aristocracy
                                                            • 06-30-08
                                                            • 45367

                                                            #30
                                                            The Double Doup works...i can vouch for it

                                                            You only get one shot though...so make it count


                                                            Comment
                                                            • mrmarket
                                                              SBR MVP
                                                              • 01-26-10
                                                              • 4953

                                                              #31
                                                              Fraud: -noun- a central part of the degenerate gambler toolbox.
                                                              Comment
                                                              • slow money
                                                                SBR Rookie
                                                                • 06-16-08
                                                                • 13

                                                                #32
                                                                removed post
                                                                Comment
                                                                • Stealinhome
                                                                  SBR Wise Guy
                                                                  • 10-23-09
                                                                  • 977

                                                                  #33
                                                                  I am doing this!
                                                                  Comment
                                                                  • Naz18
                                                                    SBR MVP
                                                                    • 09-10-09
                                                                    • 4277

                                                                    #34
                                                                    Trust Broke Lenders to already try this...
                                                                    Comment
                                                                    • robmpink
                                                                      SBR Posting Legend
                                                                      • 01-09-07
                                                                      • 13205

                                                                      #35
                                                                      so lets say you are paying normally $200 or $300 a month in a credit card bill, then you decide to make a 2k payment, they will hold it and it won't be there in credit the next day. I'm not saying it is impossible, but they have systems to see it is an irregular payment.
                                                                      Comment
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