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To: delta7

>>The subprime auto lender catered to those “buy-here-pay-here” dealerships that cater to those with bad credit.

Who knew that lending money to people who routinely fail to pay their debts would be risky?


2 posted on 10/28/2025 9:07:21 AM PDT by vikingd00d (chown -R us ~you/base)
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To: vikingd00d

That’s why they have ridiculous interest rates.


5 posted on 10/28/2025 9:11:14 AM PDT by Blood of Tyrants (No Jesus. No Peace.... Know Jesus. Know peace.)
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To: vikingd00d
The people that have to buy from these places have no one to blame but themselves. And even then, they should probably, walk, ride a bike, or take public transportation. The interest rates are high, and the cars are generally unreliable and high maintenance.

It's too bad these people have dug themselves a hole, but a high payment car loan doesn't really help you.

12 posted on 10/28/2025 9:26:42 AM PDT by Repealthe17thAmendment
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To: vikingd00d

They charge north of 30% interest. Their business model is designed to make money if 1/4 of their customers don’t pay.


17 posted on 10/28/2025 9:43:50 AM PDT by proxy_user
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