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Most Americans can't pay their mortgage or car loan these days and it seems they back to allowing subprime car loans these days and subprime mortgage for their home.
How is this legal? I thought subprime car loans and subprime mortgage are not legal?
What is going on that most Americans can't pay their mortgage or car loan these days? I know the Auto industry is not doing well.
That Americans are that in debt they cannot pay the mortgage and car loan these day or just don't make enough money at their job.
Most Americans can't pay their mortgage or car loan these days and it seems they back to allowing subprime car loans these days and subprime mortgage for their home.
How is this legal? I thought subprime car loans and subprime mortgage are not legal?
What is going on that most Americans can't pay their mortgage or car loan these days? I know the Auto industry is not doing well.
That Americans are that in debt they cannot pay the mortgage and car loan these day or just don't make enough money at their job.
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Could you provide links? This is the first time I've heard that this situation involves "Most Americans".
Is that you Vladimir?
Most Americans can't pay their mortgage or car loan these days and it seems they back to allowing subprime car loans these days and subprime mortgage for their home.
How is this legal? I thought subprime car loans and subprime mortgage are not legal?
What is going on that most Americans can't pay their mortgage or car loan these days? I know the Auto industry is not doing well.
That Americans are that in debt they cannot pay the mortgage and car loan these day or just don't make enough money at their job.
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A quick internet search reveals that TransUnion, one of the biggest credit reporting companies in the world, reports that the US mortgage delinquency rate in 2020 is around 1.47%. That's a far cry from the 50%+ required for the statement "most Americans can't pay their mortgage" to be true. I didn't bother looking up the default rate on cars loans. Perhaps you should have done so prior to starting a ridiculous thread.
Irregardless (ha!), I'd bet that a fair number of those same people who indeed can't pay their mortgage or car loan are somehow able to pay for smartphones and phone plans, cable internet, nice clothes, vacations, dinners out, etc. And they probably purchased too much house and/or too much car.
Most Americans can't pay their mortgage or car loan these days and it seems they back to allowing subprime car loans these days and subprime mortgage for their home.
How is this legal? I thought subprime car loans and subprime mortgage are not legal?
What is going on that most Americans can't pay their mortgage or car loan these days? I know the Auto industry is not doing well.
That Americans are that in debt they cannot pay the mortgage and car loan these day or just don't make enough money at their job.
Any private company can legally lend money to you as long as they are willing to give up government guarantees or backing by Fannie/Freddie.
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