Beware of predatory loan scams
in Banking, Insurance & Loans ·
Charles Ramos7 said:And how exactly is he supposed to take on any of that risk himself? 🤷
Think about the interest rates, the notary fees, and the fact that the car's value plummets by X% the moment you drive it off the lot; then there's the grace period for payments—if everything goes according to plan, the contract is cleared, but if someone misses their mark, the lender simply shows up, repossesses the vehicle, and sells it off. 🤷