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About 15 million credit-card accounts and 3 million auto loans didn’t get paid in April
Posted on 5/20/20 at 6:50 pm
Posted on 5/20/20 at 6:50 pm
quote:
Lenders saw a surge of borrowers skipping credit card or car loan payments in April, raising concerns that the coronavirus crisis could soon result in a wave of defaults.
Nearly 15 million credit cards were in 'financial hardship' programs in April, such as deferral programs that let borrowers temporarily stop making payments, according to TransUnion data reported by the Wall Street Journal.
Another three million auto loans were in hardship programs, or about 3.5 percent of car loans being tracked.
The dramatic rise is skipped payments comes as coronavirus lockdowns have put more than 35 million Americans out of work in the space of six weeks, with households across the nation struggling to pay their bills.
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Posted on 5/20/20 at 6:51 pm to RLDSC FAN
I almost fell asleep reading the title baw. El money board
Posted on 5/20/20 at 6:52 pm to RLDSC FAN
Chase stock [sold] bought
Posted on 5/20/20 at 6:58 pm to RLDSC FAN
Shocker, America is highly leveraged and Donnie’s stimulus only buys so many dildos and $27 lunch deliveries.
Posted on 5/20/20 at 7:47 pm to RLDSC FAN
Not only have I kept my cards clean, I paid off a vehicle just two weeks ago. Haven't worked a day since March 14 and haven't gotten unemployment or that alleged check from FedGov. Closing on a new house tomorrow.
The catch is the MIL is moving in with us to the new house.
The catch is the MIL is moving in with us to the new house.
Posted on 5/20/20 at 7:50 pm to mtntiger
quote:
The catch is the MIL is moving in with us to the new house.
Oof, condolences on your a-hole after the divorce.
Posted on 5/20/20 at 8:01 pm to RLDSC FAN
Thanks trump
Posted on 5/20/20 at 8:03 pm to PhilipMarlowe
quote:trump crashed world economy?
Thanks trump
gtfo moonbitch
Posted on 5/20/20 at 8:05 pm to RLDSC FAN
The whole house of cards is about to collapse.
Posted on 5/20/20 at 8:06 pm to RLDSC FAN
Wish I could have skipped my payments
Posted on 5/20/20 at 8:10 pm to notiger1997
Social fabric about to unravel. Lord of the Flies time.
Posted on 5/20/20 at 8:17 pm to The Third Leg
quote:
Shocker, America is highly leveraged and Donnie’s stimulus only buys so many dildos and $27 lunch deliveries.
That is oddly specific.
Personal experience?
Posted on 5/20/20 at 8:19 pm to mtntiger
quote:
The catch is the MIL is moving in with us to the new house.
That catch is worse the catching the virus
Posted on 5/20/20 at 8:27 pm to RLDSC FAN
Doesn't matter which of our religions are in power, regular people in this country have been getting poorer and poorer for a long long time.
That so many people have not only run out of money but have had to live on credit that they can't pay after only a month and a half of no work should be a wake-up call for this country but I won't hold my breath.
That so many people have not only run out of money but have had to live on credit that they can't pay after only a month and a half of no work should be a wake-up call for this country but I won't hold my breath.
Posted on 5/20/20 at 8:28 pm to RLDSC FAN
Well good.....maybe I can buy a new pickup truck without it costing $70,000.
Posted on 5/20/20 at 8:29 pm to dandyjohn
I’m really not suprised at how many people are terrible with managing money.
Close family member and spouse make excellent money and live paycheck to paycheck
Close family member and spouse make excellent money and live paycheck to paycheck
Posted on 5/20/20 at 9:01 pm to BearCrocs
quote:
I’m really not suprised at how many people are terrible with managing money.
Close family member and spouse make excellent money and live paycheck to paycheck
It’s always interesting to see who has it together and who points fingers in these scenarios.
bitching at businesses (specifically airlines) that need a bail out because they’re essentially living paycheck to paycheck by a populace that probably 70% of lives paycheck to paycheck is laughable.
A business with 1000s of employees staying afloat and keeping people from unemployment is a better bet that’s playing up to 55k a year to millions of people that stay unemployed.
Now there are a-hole businesses that will find a way to make sure that money ends up in some C level position’s pocket as opposed to keeping people employed but there’s a lot more that are going to abuse unemployment.
I say all this and I’m not radically opposed to welfare and unemployment benefits.
This post was edited on 5/20/20 at 9:02 pm
Posted on 5/20/20 at 9:03 pm to BearCrocs
It's all in the banks/housing. Its wild that we have so many vacant houses (over 1.5 million) but the banks earn more by just sitting on them to keep the market high.
Posted on 5/20/20 at 9:07 pm to mtntiger
So you are living off your wife's money
Posted on 5/20/20 at 9:09 pm to RLDSC FAN
Can I get a good deal on a 1/2 ton diesel?
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