- First transfer all personal fixed assets, such as houses/cars, savings, to trusted family members, such as parents, spouse. Or sell them for cash and deposit into family members' accounts to prevent seizure.
- Take out as many online loans and bank consumer loans as possible while credit is still good.
- Don't worry about interest rates, as you don't plan to repay anyway. Avoid private loans, as they can be violent. If you have enough money, consider buying a small suburban house in your family's name for self-use. It can also be used for living expenses or rent to ensure your livelihood.
- Immediately stop repaying mortgage, never pay another penny.
- Set up a survival kit for being a defaulter: Have family members get a phone card and bank card with their ID, and register for WeChat/Alipay for daily payments and receiving money for work. Keep the old cards in an old phone on silent mode for debt collectors.
- Request salary in cash from the company. If the company refuses, find another job or do some small business, requesting payment in cash/mobile payment. With no need to repay mortgage and the money from loans, there won't be financial pressure.
- If facing pressure from local enforcement agencies for mortgage/online loans, consider moving to a different city or changing cities periodically. Online loans usually result in harassing calls, not sure about mortgages, and unfinished buildings probably won't push for repayment. If sued, ignore it, do as you please, I have nothing for you to seize.
- You'll find that being a defaulter won't affect your life at all. Standing up to them is futile, if they really wanted to solve it, wouldn't they have? It's the ordinary people who get screwed. Think about why the rules punish honest people instead of defaulters.
- I know people who borrowed tens of thousands for a house down payment, never paid back a cent, and years later, nothing happened. In the first two years, they received calls for repayment, now it's just texts.
- If they can let go, have good credit, a couple can instantly come up with enough money for a fully paid house. Since the other party dares to break the contract without consequences, I'll be even more defiant, using the rules to minimize my losses.
Seeing this, I think it's amazing, really using magic to defeat magic, can it really work!