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Old 09-10-2012, 10:45 PM
Location: H-town, TX.
3,494 posts, read 6,030,792 times
Reputation: 2190


Originally Posted by dreamofmonterey View Post
This thread is now officially 5 stars for irony.

Car companies now complaining no ones buying.


And OP, you are a slum landlord in Florida, its rather libelous for you to post issues with your tenants on here...


Not quite. If not for the gubmint peddling cash to them, the automakers would be worried about getting paid back by deadbeat buyers over the next 5-7 years, that much is for sure...so, before anyone thinks buying Ford stock is wise for the long-term...you wish.

Silver Bear Cafe

"It's amazing how many cars you can sell when you aren't worried about getting paid. This is the beauty of a fiat currency, a printing press, and a taxpayer available to pick up the tab after the drunken party gets out of hand. The chart below provides the details of our superhighway to disaster. The percentage of used car loans to prime borrowers is now at an all-time low, while the percentage of loans to subprime borrowers is near all-time highs reached just prior to the 2008 crash. When lenders cared about being paid back in the early 2000's, they rarely made loans longer than five years. Today, more than 77% of all subprime used car loans are longer than five years and average FICO scores are now well below 600. Just to clarify - if your FICO score is below 600 - YOU ARE A DEADBEAT."
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Old 09-14-2012, 10:49 PM
2,401 posts, read 4,087,554 times
Reputation: 2181
Lenders Suing Consumers Even After Repossessing Cars (loans, judgment, foreclosure)

The debt balance still have to be paid for by someone... best to tack it back to the ones who "borrowed" hence actually owed that money.

Besides... nothing wrong is wanting to get the loan or money owed back.

Think about it.. better a debt owed to the bank / autodealer etc...
that debt owed to a gangster loan shark / drug dealers
wanting their dough back????

P.S. To the fantasy people who agrees & wants to "walk away" from that debt... are you that sure you can with money owed to that gangster loan shark / drug dealer???
Yup. Things that makes you go hmmmm....
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