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Mopar151

(9,979 posts)

52. Every repo is a loss all around.

Wed Feb 13, 2019, 03:57 AM

Feb 2019

If the lender thinks there is a chance that it'll work out, they'll keep trying. If the borrower has gone full Alex Jones, grab it hard, to scare the rest of the rubes.
OTOH, once the lender has toggled over to repo, it's lizard brain time. Must Kill Borrower.

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Highlight:

A record 7 million Americans are 3 months behind on their car payments, a red flag for the economy [View all] Eugene Feb 2019 OP

Like I keep saying it's all smoke and mirrors BS on all this hiring........ Bengus81 Feb 2019 #1

+1 area51 Feb 2019 #2

New home building may be stagnant where you are, but not nationally. FBaggins Feb 2019 #30

Yeah....apartment complex's. Single family home starts are stagnant.......... Bengus81 Feb 2019 #39

Nope FBaggins Feb 2019 #40

LOL...it says as much in the article but whatever........ Bengus81 Feb 2019 #56

Confirmation bias FBaggins Feb 2019 #59

The cost is the issue. I don't know where gldstwmn Feb 2019 #43

Easy enough to demonstrate FBaggins Feb 2019 #48

One of the results of Trump's temper tantrum gov shutdown and going without paychecks onit2day Feb 2019 #35

K & R More here bronxiteforever Feb 2019 #3

who knew borrowed money had to be paid back lol nt msongs Feb 2019 #8

Sorry but that's kind of an unempathetic comment! robbob Feb 2019 #20

I don't find that statement unempathetic leftofcool Feb 2019 #32

Some of the issue is that some degrees just don't get you anywhere without postgrad work. moriah Feb 2019 #36

Yea, right. gtar100 Feb 2019 #25

Go to a community college instead of racking up loans at an expensive school. leftofcool Feb 2019 #33

Sure. That's not the answer for everyone. And it really misses the point. gtar100 Feb 2019 #50

Who knew when somebody bought a car, they might end up living in it FakeNoose Feb 2019 #27

who knew young people would expect jobs after spending that money on an education TeamPooka Feb 2019 #28

But, they didn't spend their own money on that education leftofcool Feb 2019 #34

As long as you have an answer for everything they'll be okay, right? TeamPooka Feb 2019 #37

You do realize... Juneboarder Feb 2019 #57

How old are you nt bronxiteforever Feb 2019 #41

Oh, so you personally know the circumstances in each case . . . hatrack Feb 2019 #46

Who argues it's not? LanternWaste Feb 2019 #54

Millions have been kicked off of health insurance . . . . Iliyah Feb 2019 #4

I am working, Delphinus Feb 2019 #13

Prescription drug costs are also an issue. n/t gldstwmn Feb 2019 #44

employed doesn't always equate to a living wage. nt Javaman Feb 2019 #5

But republicans can afford to squander our tax money on luxury golf for Dirty Donny* Achilleaze Feb 2019 #6

It's because of stagnant wages Dopers_Greed Feb 2019 #7

Yeah but, the stock market is booming today. watoos Feb 2019 #9

"not all Americans have benefited from the strong labor market," BumRushDaShow Feb 2019 #10

+1000 smirkymonkey Feb 2019 #58

SUV & truck sales passed car sales for the first time last year Recursion Feb 2019 #11

And in the process customerserviceguy Feb 2019 #16

And killing jobs in US car plants Recursion Feb 2019 #21

That may be the case but the the fault also lies with the banks giving them the money. gldstwmn Feb 2019 #45

Wait until they realize their tax returns will be small or non-existent. BigmanPigman Feb 2019 #12

I was just about to say that! SunSeeker Feb 2019 #24

Trump's economy is a steaming pile of BS IronLionZion Feb 2019 #14

I wonder customerserviceguy Feb 2019 #15

I didn't think. cannabis_flower Feb 2019 #17

Back in the day, depending upon the borrower's attitude, melm00se Feb 2019 #18

I've worked with working people with good wages who've gotten in trouble. Texin Feb 2019 #19

And now with this "make the rich fat" tax setup in full swing, C Moon Feb 2019 #22

K & R for exposure. SunSeeker Feb 2019 #23

The good economy that Obama left behind is being destroyed by republicans Perseus Feb 2019 #26

Don't Worry. Trump Will Announce That Unemployment Is Now -2.0% TomCADem Feb 2019 #29

This is a truly ugly number, Wellstone ruled Feb 2019 #31

Lots of people buying big, expensive trucks and SUV's NickB79 Feb 2019 #38

We shouldn't have to choose between a house, a car gldstwmn Feb 2019 #42

"Despite the strong economy...", "strong economy but..." Hmm, makes one wonder. ck4829 Feb 2019 #47

I always thought the Repo came quick, I'm shocked you can miss three months. sarcasmo Feb 2019 #49

Repo man has lots of new gadgets.... Historic NY Feb 2019 #51

Every repo is a loss all around. Mopar151 Feb 2019 #52

And how many of us are behind... a la izquierda Feb 2019 #53

I remember when 48 months was the maximum length of car payments GatoGordo Feb 2019 #55

A forner CFPB top staffer DeminPennswoods Feb 2019 #60