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Location: Formerly Pleasanton Ca, now in Marietta Ga
10,364 posts, read 8,611,109 times
Reputation: 16716
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Quote:
Originally Posted by Bubble99
So you are saying the delinquency rate for mortgage is 1.47% not 50% or 60%?
What about the delinquency rate for cars loans?
So you telling me people are not delinquency on the their home and cars but taking their debt over longer time to pay it off than what it was in the past?
If this is the case ( low delinquency on Auto loans ) than why is the Auto sector not doing well and slowing down?
Why is there a Auto sector problem?
Google is your friend.
Auto loan delinquencies are at 6.5 percent, hardly considered a high percentage.
Statistics and polls are snake oil in my estimation. I discount all of the "facts" that are spread around online. The only one I trust though is "a 100% of people will eventually die".
I was once watching a commercial pertaining to impaired driving ...they said 40% of all accidents involve drugs or alcohol....I said to my wife “ you see , it is safer to drive stoned , most of the accidents are caused by people who are straight “..
So statistics can show anything anyone wants .....the only stat that matters is it is either you or it isn’t ...
I don't think that's a fair assessment. Plenty of things can happen in your life that can really set you back financially, especially in the US where healthcare can bankrupt you. Not everybody makes "perfect" decisions from the beginning, and not everything goes to plan even if they do.
I think a 40% out of wedlock birth rate is not acceptable in this age of widely available birth control. It's the #1 factor keeping people out of the middle class. Even liberal researchers admit it.
8 year car loans are typically for people looking to buy BMW or Mercedes vehicles. The 8 year car loan has existed for these two brands for a while now.
Do you have any sources to suggest the 8 year car loans are typically for bmw/Mercedes buyers?
I think a 40% out of wedlock birth rate is not acceptable in this age of widely available birth control. It's the #1 factor keeping people out of the middle class. Even liberal researchers admit it.
Agreed which is why birth control should be free and why planned parenthoods need to be as common as Starbucks. It had nothing to do with morality or religion it has to do with economics.
We are 7 billion population of our species that over consumes to the extent of environmental devastation that its way beyond Jesus and other pre industrial religions.
The economy of the future requires far fewer people but far more capable people.
Do you have any sources to suggest the 8 year car loans are typically for bmw/Mercedes buyers?
The fact that I have never been offered an 84 or 96 month term by [several] new car dealers, none of which were BMW or Mercedes, perhaps suggests that it is plausible that there are terms specific to BMW or MB Financial Services.
I'd like to see the rate of short-term deliquency... ie: not making a payment for a month or two. TransUnion is only getting the people who get reported to the credit bureau, which iirc happens if it's 90 days overdue.
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