> explain debtmaxxing  take out all the debt you want and just don't pay it back. eventually your debt will be sold for a percentage of what it's worth (pennies on the dollar is the phrase people like you use) to a collection agency. the collection agency will hound you constantly, but they can't force you to pay any more than the bank/lender they bought your debt from.   is probably right though. do your research before you try going down that road.
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