Wolf of Magic Presents: The AƦT of Bad Credit and Debt Collection

The Beautiful Chess game of individuals vs. the world of delinquent debt and how to move across the game board.
PATREON : / alphainvestments
SHIRTS: www.ebay.com/itm/-/162268260486?
~FAN MAIL~
Rudy's Magic Store
10950-60 San Jose Blvd.
Box # 139
Jacksonville, FL 32223

[@TastySnackies]

I don't have credit card debt, because I'm paranoid and shove my cash in the coffee can I have hidden in my walls.

[@kymbodiced7087]

it would be worth more in managed funds, have a look

[@prolix4667]

I agree, the way you get ahead in life is by making your money work for you these days.

[@Laach826]

Coffee can hidden in your walls... hmm -writes note down- Where did you say you lived again?

[@TastySnackies]

I live under a cardboard box with Homeless Rudy

[@testthewest123]

If you can grow Eternal Masters boxes, I see no reason why you can't grow money bills in a coffee can - as long as you water it properly!

[@JeffHoopAdventure]

Wolf of Magic is your best content and it's not even close. (all your content is good)

[@casualtutortcg]

I love the white board series

[@raziel1132]

watched this video, got an ad to lower my credit payments. 10/10

[@RetroRaven8]

I get taco bell ads

[@SparTadepT]

Just maxed out 8 credit cards to invest in Standard cards, thanks Rudy. #onmywaytopoundtown

[@brianwise5850]

the tax loophole atleast from shoving the income to the government and retrieving it is correct unless a government agency is who you owe money to. and im a tax accountant.

[@daniellee5525]

This is honestly the reason why I follow ur vids. Plz do more

[@mechanicalman8473]

1 - Thinks of a topic 2 - Stuffs face in a Scarface sized pile of coke 3 - Presses record

[@garrettshirley3823]

When I purchased my first home the bank pulled my credit history and it showed I defaulted on my car several years prior... ironically before we closed on the house the statute of limitations ran out for them to collect on it and it disappeared from my credit history. The person processing my home loan actually told me not to pay the debt that it was pointless. It is funny how debt works ... I would be worse off I had paid the damn thing off ... but since they couldn't find me it just disappeared from my credit history. Rudy is so spot on ... but damn you are funny as hell when explaining this.

[@onlyhuman3281]

12:58 "Hi My names Timmy I am the guy that Hosed you" GOLD am still crying XD

[@jasonlinger2002]

Rudy I enjoy watching your videos but it is these special videos you do that I love the most. I feel like they transcend the boundaries of Magic or Pokemon and just start to show people that there are different approaches in life that work. Please keep making videos about topics like this because I can take any person from any background and they can learn from this video.

[@testthewest123]

As soon as you pay interest, you working for somebody else than you. So you need a good reason to do that: Either you can make more money with the loan, save rent with a selfowned house or something else like that. Just taking up debt to buy plastic things, is a mistake.

[@consumatron]

I played Magic back in the early days (unlimited - ice age) and sold all my cards way too early to pay off student loans. Been feeling nostalgic and happened across your videos. After watching 50+ of your videos to get a nostalgia bump, i just gotta say this video was amazing. Keep it up and please, more of these types of videos.

[@gnometacos14]

I just recently bought my first pack of magic cards thanks to you big Rudy. I have learned that MTG is a hell of a drug

[@NightOwl1009]

These videos keep getting better and better! Keep it up man!

[@DuelingDragonAdventures]

Junk debt buyer took me to court for debt that was 6 months away from the statute of limitations. Outside of the courtroom, their rent-a-lawyer asked me how much I wanted to settle for. I responded by asking for an original contract with my signature on it for the dollar amount in question. They had dick, nothing, zero, zilch. His first words to the judge were "I'd like to dismiss the case your honor."

[@lollianddadgames4395]

From someone who is currently in a bad credit situation this is a great video. May watch a few times to get all the points.

[@camoonesar9190]

Did any of this advice help you? very interested

[@jenniferwalters6408]

Loved this and the information. Love the magic videos, but would definitely want to see more videos like this!

[@chrissmith8128]

Great vid Rudy! One of my favorite on your channel. Keep it up!

[@Bulverik]

Rudy I would personally thank you for this. I'm from the UK and we get 6 years, I would have not know about this until you mentioned about it. This has just taken alot of student spending away from me now so now I can focus on the important aspects of life my family. thanks again buddy I most certainly will be supporting you every way I can probably patreo even thou WOTC don't allow shipping to UK :( keep up being awesome. massive thumbs up.

[@chrisb8041]

In all seriousness this is a great video Bro

[@marksmith6823]

You should definitely make more videos like this! Keep up the good work Rudy, love your videos

[@reborn727]

Thank you for the credit related vids Rudy, someone I know is about to get hid first line of credit and plan on utilising it as efficient as he can. This type of info is priceless. Cheers

[@circuitedinflesh645]

I've never been in the position to have to utilize this knowledge, but man this vid is gold. So many lessons and brain nuggets to absorb here, well done sir!

[@RetroRescuers]

Thank you so fucking much for taking the time out of your life to make videos like this one. You have no idea how much you help some of us.

[@razorx540]

This is one of the best videos you’ve ever made.

[@nheil4778]

School of Rudy.. hell yeah! Sign me up.

[@dankeykang1579]

credit card Rudy is best Rudy.

[@Claymore2495]

i dont know how you manage to make thing that i could personally care less about so damn entertaining. XD love the energy love the crazy jokes, love it all!!! keep it up RUDY

[@robertthompson7698]

That bit on emotion overpowering logic and critical thinking really spoke to me. I'm a very emotional person. I enjoy taking care of people, it makes me feel good. I always offer to pay for lunch, or buy a game so a friend and I can play it together. I frequently do things like this, and it adds up. I let the good feelings get in the way of my financial stability, and that's just not the right thing to do for me. Thank you, Rudy. It's not too often that I glean something of such personal relevance from your videos, but when I do, it's always something very powerful for me.

[@qcmarkf3111]

This video helped me a lot! thanks you for doing this man!

[@phoeniqs]

One of my favorite Rudy vids of all time! Had me cracking up repeatedly.

[@LunaQueeniemon]

Watching your videos all ways make me laugh and feel better. Thank you

[@symbolicsin]

Rudy gives me life, Rudy gives me Love.

[@jasonl3445]

Your information is so valuable thank you from the bottom of my heart :)

[@killadelph7245]

I like it when you make these kinds of vids, Thanks for all the info.

[@skithee]

Worth it for a few things I didn't know, and the Inventions box reveal.

[@Starfury117]

Wait, you owe credit card company money and in America, you can just hide from them and not pay (ignore phone calls, don't pay). 5 years later you're off debt free? What?

[@Starfury117]

So its not illegal to just run away from debt collectors? Like you could "lie" once and get away with it? Say you have 10 credit cards for whatever reason because your credit rating isn't completely trashed. And say each credit card has a limit of 2k, which isn't that too high. You can just "steal" 20k at the cost of your credit rating for 5 years? Afterwards you can do it again? That seems very messed up. What do you lose for having poor credit rating? I assume you won't be able to get a mortgage, line of credit, credit card. Does having a poor credit rating affect your family or significant other? Thanks for the information. I wonder if Canada is like this too... Honestly though, thats so messed up.

[@Arkstudiosonline]

Yes.

[@Arkstudiosonline]

Well.... you technically still owe them money, but they can't take any legal action against you and it's no longer on your credit report.

[@RobertGouge]

they'll usually write it off and send you a 1099C saying they paid you whatever was on the books so their books show a zero balance.

[@Starfury117]

Just read a bunch of information because this was very interesting. There is a chance you can go to Prison for refusing to pay debts. www.nolo.com/legal-encyclopedia/the-new-bill-collector-tactic-jail-time.html But yes, all the other information I read, you can totally just run away with all the money. Though there is a risk that the creditors will demand money from your employer who will then garnish some of your salary to pay for the debt. There is also a risk that if you do what Rudy says and completely ignore the creditor, you might miss a court order which would then put you into prison for failing to obey the court order. Information in the link above. So yes, it does feel somewhat risky to try to steal money from credit card companies. Also read for Canada. Basically same as America, also no jail time for refusing to pay debt, but they can seize your assets... So basically bankruptcy lol. I'll just be the dumb Timmy and continue to pay my debts lol. That said, you should totally get credit cards and line of credits. Even if you don't use them, they are amazing for emergencies. And if the interest rates for them are low enough, you can use that money to invest for higher returns. Risky move but thats how smart people make money. Its hard to have $300000 dollars of liquid capital to invest with. But if you have a mortgage of $300000 dollars with an interest rate of 2.5%, you could technically invest with that money. Just don't pay it back too quickly and now your liquid asset increased by $300000. If your investment have 5% return, you just netted 2.5% of $300000. Pretty damn good. Again, its risky because you're investing with money you don't have. So if you lose on that transaction... Ouch. Thats what I learned from my Econ class at University, very interesting lessons. I love listening to businessman talk. Cheers to Rudy.

[@Alexpawpaw]

you're a man of action, and that's so inspirational. keep it up!

[@tiagocastro07]

That is your best type of video! Good job

[@averagejoebro5206]

I didn't even know I needed this video thank you rudy!!!

[@legomybagel9819]

Love this real talk about money. More please!

[@TheEmperorGulcasa]

Rudy, you are one of the most fascinating people to listen to.

[@kris-ng8me]

This was both informative and intertaining!

[@bobchan5329]

I love this video. Pleaseeeeeesssseee make more!!!!

[@ditcher1599]

thanks Rudy! My wife used to work as a credit analyst in 2009, so I know all about lending turning viciously into risk mitigation and serving customer credit lines a big old jam sandwich. I'm following this advice, and I've got about a year to go, then I can become a home owner. I'm not proud of the way my credit went, but I am all about self preservation and not repeating the same mistakes.

[@DrakonR]

Excellent video. People need more education like this in life.

[@pve2pvp166]

Love it! Keep this up!

[@Tdcwanted]

I cannot speak for everyone but man do I love this channel! Not only do you talk about magic (I do not even play/own any magic cards or products) and poking peoples moms but you also give some very insightful advice about anything to do with money! Love it and keep it going or.......you might need to put your pants back on and we both do not want that!

[@razorx540]

I'd like you to make more of these types of videos!

[@opticnirvana]

Awesome video, stuff that should be taught to us all growing up.

[@JuggHeadJosh]

The most informative floppy taco I've heard all week

[@penguinlust6749]

Another good video and spot on -- I had to learn this the hard way back in the late 1990s. There's a corollary to this, which will affect some people who are trying to pay off old debts: Once your debt is sold to a debt collector do NOT under any circumstances try to pay back the original debtor. It won't help your credit score, and it could potentially cause you more issues down the road as it can actually extend the date to when it finally falls off your report.

[@skiie]

THIS IS WHY I SUPPORT YOU ON PATREON

[@ZakiAoi]

That's Just good stuff right here. This is wonderful Content. Thank you rudy.

[@douglastalkington]

Wow. Totally didn't know any of this thanks Rudy!

[@dpassarini1]

There's a lot of wisdom on this video. I'll share it every day.

[@HoratioAccel]

I love the way you talk and use props to be funny 100% of the time, even when you're serious

[@BPDeadspot]

best video yet, more please!!!

[@walter85]

God I love Rudy and this channel. There's more great info in this one video than in than 4 year of high school/ college econ.

[@ThePedro1233]

Interesting video, but I definitely look forward to seeing the next part

[@RetroRaven8]

Here at the school of Rudy, we teach you to play with your floppy taco and pretty much fondle stuff. -best quote ever, ever.

[@xXJAKERxX]

does this mean i can fix my debt issue with magic cards?

[@brianwise5850]

another timmy is born...

[@xXJAKERxX]

Shaun Kollore I've already invested everything I have into born of the god boxes

[@JC-qp7eb]

Only if you maxed out your cards in 1999 buying pre 4th edition booster boxes. Then in 2006, doing the same thing. :)

[@rafaelrobles1403]

Amazing. Thank you!

[@troubletrouvey7109]

this episode blew my freaking mind

[@DavidYhEEAA]

best video yet love this info that NOBODY tells us ... why am i in a university for management and economics and its this crazy (love you) guy teching me stuff !

[@DoomedScholar]

Thanks. This helps a lot.

[@Ynotillgiveyoumyname]

you just gave me the best day of the year maybe even decade. I had 20k in debt from medical bills I did the correct thing and ignored them. I thought I was going to have to face this some time, I was stressed the fuck out. Immediately after reviewing what you just said a few times I got a report on Karma and experian, it's not there it's literally not there. OMG! thank you thank you thank you thank you thank you thank you thank you thank you thank you thank you thank you thank you thank you thank. If you happen to read this, You are AWESOME!!!

[@Kurufinwe_Fayanaro]

This had a message that could've been told in ten minutes. Create a simple outline offscreen for the next video like this - This was some high quality information, Rudy.

[@euroyank860]

Best vid of the last 10 years :-)

[@mr.strider6497]

I feel like I learn more from these videos than I did from my actual Accounting and ECON courses. Though, now that I think about it, I slept through most of those classes.

[@hoodribs3848]

👏👏👏Thank you Rudy, from now on I'm never gonna let anyone take me to Pound Town for my money ever again!

[@michaelreavisjr555]

I love that line: "It is the right way to do things, but it's not the best way to help yourself" So insightful

[@Frogkeeper0]

I enjoy this floppy taco meme you've created Rudy.

[@ConvoyGTR]

"Same feeling you get when you go to the ice cream truck and they tell you, you need to come down to the basement and get the popsicle." Lewd.

[@FavianTubeX]

more episodes like this Rudy!

[@Vendavalez]

I loved this video. It didn't apply to me or my situation, but I love that there is someone out there talking about these things. I would like for the advise to be more specific though. Maybe you could grab examples from what people message you about, talk about them in a bit more detail (without revealing their names of course), and then move on to something more general. It doesn't need to be super scripted either. I just think that, since this is a series that will probably last a good long while, for each video to be more useful to at least a few people, what you talk about should be just a bit more focused. Keep up the good content Rudy!

[@HawsDaBaws]

Great video Rudester

[@danrudolph4604]

A. I think you're a stud and love your show. B. I'm a commercial banker by trade and think people should manage leverage appropriately and pay their obligations. Entering a contract with a bank (like a CC) and saying you'll pay it back, should still mean something even in our corporate greed world.

[@IronsightV2]

Good video very informative. Rudy, Esquire.

[@Yggdrasilkuru]

Dang no pants Rudy helping us not get hosed

[@musicalmysticism2627]

As a person who has not really even started building credit, this video really helps. I owe two hospital bills, both $72. I thought by paying them, it would help my credit, but on the contrary it doesn't. Thanks for being real dude. This video is a life lesson, haha.

[@MRkriegs]

Bro its $72 what's wrong with u. If they dont send it to collections or say ur delinquent and u pay it off before that then it doesnt affect it credit at all

[@DavidRamirez-mf5py]

HOLY CRAP I USE TO LOVE THAT GAME. I never got passed getting a yacht. That shit is hard. Then again I was a small child lol. Great memories.

[@EvilLuisito]

2 mins in: "I feel great, I have no personal debt. That means I'm great at managing my money! :D" 3 mins in: "FUCK I'M A FUCKING FAILURE AT LIFE. I NEED TO GO MORE BALLS TO THE WALLZ."

[@komradekontroll]

Luckily I'll be out of debt once I can sell all 10 cases of Dragon's Maze :) :)

[@ASZzztoluca]

Wow so that's why they stopped contacting me. Thanks Rudy appreciate your wisdom and sharing of knowledge.

[@skullstorm8574]

I was playing with the floppy taco this whole video and learned a lot...and how did Rudy know I was naked and in my parents basement??? thank you mom and dad, thank you taco bell and RUDY!!!

[@Addrum]

I got the feeling that Rudy is teaching me something unnapropiate that make people uncomfortable. I like it.

[@robertcarmelitano2860]

I can't get into specifics but this video is very validating for me. I haven't played magic since I was a kid but I love the way people into games talk and carry themselves. When you say something like "wizard reprinted this card because" it's like you're using a certain bank of knowledge that not many people have, I see the same thing in my other hobbies too, so even though I don't play the game I get a big kick out of the channel. I have also made tons of money thorugh unorthodox and bordering on unbelievable methods and it just seems like it's free for the taking. Our outlooks on life are very similar in many ways so it's sick to see your success. no homo.

[@kaelamjohnson-wilson7597]

Thanks Rudy!

[@chill_force]

Absolutely love this. I foolishly paid off a phone bill(cancellation fee of $500) but never paid off a bank at the same debt because I couldn't. Years later, neither are on my credit and i'm doing great. I could've been $500 richer.

[@andrewanderson4403]

Credit card Rudy, please do a follow-up on this. Very informative video. Apparently i am a failure with no debt. I need to learn how to go balls to the wall!!!!!

[@adamryan5038]

great video

[@evilgary747]

Rudy, you do more than just floppy tacos, we appreciate you.

[@overweightactor]

Thanks. This is conveniently prescient advice.

[@TheWoodenshark]

Jesus Christ. When Financial Rudy gets into robo lawyer mode it's actually scary how fast and efficient he gets!

[@rafaelmarin2480]

thank you Rudy

[@jacebeleren5790]

now i know why i see you as a black magic player but honestly i still love you my man thanks for the information

[@PizzaMuscle]

Good video!

[@DavidYhEEAA]

the loop hole i just loved it i even laughted

[@falloutforever5660]

This..this has got to be the funniest financial video I have ever seen!!! LOLLLL