“This is the face of the new subprime boom. Mr. Durham is one of millions of Americans with shoddy credit who are easily obtaining auto loans from used-car dealers, including some who fabricate or ignore borrowers’ abilities to repay. The loans often come with terms that take advantage of the most desperate, least financially sophisticated customers....”
He was walking before and now he is walking again. Got to drive for several months with out making a payment. Who’s the victim.
Taxpayer-backed student loans are the real crisis... these loans are paying for kids who have no business being in college in the first place can get worthless degrees when they are going to wind up being barristas at starbucks and default on these loans and the Dems will just waive the requirement to ever pay it back. Some leftist college professor makes tenure, and the school builds a new arena and hire more administrators with $200k salaries. It’s a tremendous scam... and You and I pay for it all.
At least with a used car, it can be reposessed and sold to the next “victim” of “predatory” lenders.
Actually, you know what is funny, today I was sorting through papers in a box as I settle into a new home I just closed on. 3 years ago, because I did not own a single credit card, I got a letter from a department store chain saying that my application for credit with them was rejected.
I laughed. Now I have 6 credit cards (that I rarely use), a nice truck I am making payments on, and a 30 year mortgage on a 67 acre farm. FU Kohl’s.