Home › Forums › Financial Markets/Economics › Staggering credit numbers…
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December 10, 2007 at 12:07 PM #113276December 10, 2007 at 12:10 PM #113286bsrsharmaParticipant
Average car loan is $30,000 with a 61 month maturity
What are the usual "Average cars" driven by J6P? 32K seems a bit steep. Camry is 17-25K Invoice and 18-28K MSRP. F-150 starts 17K MSRP. And they can only pony up $1500 to buy these toys?
December 10, 2007 at 12:10 PM #113370bsrsharmaParticipantAverage car loan is $30,000 with a 61 month maturity
What are the usual "Average cars" driven by J6P? 32K seems a bit steep. Camry is 17-25K Invoice and 18-28K MSRP. F-150 starts 17K MSRP. And they can only pony up $1500 to buy these toys?
December 10, 2007 at 12:10 PM #113169bsrsharmaParticipantAverage car loan is $30,000 with a 61 month maturity
What are the usual "Average cars" driven by J6P? 32K seems a bit steep. Camry is 17-25K Invoice and 18-28K MSRP. F-150 starts 17K MSRP. And they can only pony up $1500 to buy these toys?
December 10, 2007 at 12:10 PM #113333bsrsharmaParticipantAverage car loan is $30,000 with a 61 month maturity
What are the usual "Average cars" driven by J6P? 32K seems a bit steep. Camry is 17-25K Invoice and 18-28K MSRP. F-150 starts 17K MSRP. And they can only pony up $1500 to buy these toys?
December 10, 2007 at 12:10 PM #113329bsrsharmaParticipantAverage car loan is $30,000 with a 61 month maturity
What are the usual "Average cars" driven by J6P? 32K seems a bit steep. Camry is 17-25K Invoice and 18-28K MSRP. F-150 starts 17K MSRP. And they can only pony up $1500 to buy these toys?
December 10, 2007 at 12:34 PM #113339kev374Participantpart of the problem is because people can so easily get credit and then just walk away from their debt when they feel like not paying.
Thanks to our government with schemes like the current bailout plan, the concept of individual responsiblity in this country is all but dead.
I support reserving Bankruptcy for those that have been TRULY unfortunate and this means they fell seriously ill and could not work or they lost their job and used their credit cards to buy groceries to eat or feed their children. Apart from that enslave them and make them pay their FULL obligations. I have no sympathy for those that have bought $5 Starbucks lattes and now cry crocodile tears or took out loans way more they could afford since they felt entitled to own a home!
December 10, 2007 at 12:34 PM #113180kev374Participantpart of the problem is because people can so easily get credit and then just walk away from their debt when they feel like not paying.
Thanks to our government with schemes like the current bailout plan, the concept of individual responsiblity in this country is all but dead.
I support reserving Bankruptcy for those that have been TRULY unfortunate and this means they fell seriously ill and could not work or they lost their job and used their credit cards to buy groceries to eat or feed their children. Apart from that enslave them and make them pay their FULL obligations. I have no sympathy for those that have bought $5 Starbucks lattes and now cry crocodile tears or took out loans way more they could afford since they felt entitled to own a home!
December 10, 2007 at 12:34 PM #113343kev374Participantpart of the problem is because people can so easily get credit and then just walk away from their debt when they feel like not paying.
Thanks to our government with schemes like the current bailout plan, the concept of individual responsiblity in this country is all but dead.
I support reserving Bankruptcy for those that have been TRULY unfortunate and this means they fell seriously ill and could not work or they lost their job and used their credit cards to buy groceries to eat or feed their children. Apart from that enslave them and make them pay their FULL obligations. I have no sympathy for those that have bought $5 Starbucks lattes and now cry crocodile tears or took out loans way more they could afford since they felt entitled to own a home!
December 10, 2007 at 12:34 PM #113380kev374Participantpart of the problem is because people can so easily get credit and then just walk away from their debt when they feel like not paying.
Thanks to our government with schemes like the current bailout plan, the concept of individual responsiblity in this country is all but dead.
I support reserving Bankruptcy for those that have been TRULY unfortunate and this means they fell seriously ill and could not work or they lost their job and used their credit cards to buy groceries to eat or feed their children. Apart from that enslave them and make them pay their FULL obligations. I have no sympathy for those that have bought $5 Starbucks lattes and now cry crocodile tears or took out loans way more they could afford since they felt entitled to own a home!
December 10, 2007 at 12:34 PM #113296kev374Participantpart of the problem is because people can so easily get credit and then just walk away from their debt when they feel like not paying.
Thanks to our government with schemes like the current bailout plan, the concept of individual responsiblity in this country is all but dead.
I support reserving Bankruptcy for those that have been TRULY unfortunate and this means they fell seriously ill and could not work or they lost their job and used their credit cards to buy groceries to eat or feed their children. Apart from that enslave them and make them pay their FULL obligations. I have no sympathy for those that have bought $5 Starbucks lattes and now cry crocodile tears or took out loans way more they could afford since they felt entitled to own a home!
December 10, 2007 at 5:21 PM #113414ArtyParticipant“Borrowers are loading up their credit cards on the way to bk court.”
If it is that simple after the law change…I thought you can no longer declear chapter 7 and have your credit cards charges just disappear like that.
December 10, 2007 at 5:21 PM #113613ArtyParticipant“Borrowers are loading up their credit cards on the way to bk court.”
If it is that simple after the law change…I thought you can no longer declear chapter 7 and have your credit cards charges just disappear like that.
December 10, 2007 at 5:21 PM #113532ArtyParticipant“Borrowers are loading up their credit cards on the way to bk court.”
If it is that simple after the law change…I thought you can no longer declear chapter 7 and have your credit cards charges just disappear like that.
December 10, 2007 at 5:21 PM #113580ArtyParticipant“Borrowers are loading up their credit cards on the way to bk court.”
If it is that simple after the law change…I thought you can no longer declear chapter 7 and have your credit cards charges just disappear like that.
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