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Started By
Message
1
Posted on 2/17/25 at 12:21 pm to N2cars
quote:
What's the delinquency rate on the cards?
3.23%
quote:
What's the default rate on auto loans?
3.40%.
Posted on 2/17/25 at 12:23 pm to notiger1997
quote:i mean, there's a wide spectrum of people in credit card debt. There absolutely are the idiots who go on Caleb Hammers YouTube show, but there also are people who just get dumped on at the absolute wrong time
People borrow because they waste too much money on stupid crap.
Posted on 2/17/25 at 12:24 pm to Mingo Was His NameO
quote:no
No mortgage or auto loan?
Posted on 2/17/25 at 12:27 pm to notiger1997
quote:
bullshite. People borrow because they waste too much money on stupid crap.
This is true but that stupid crap is someone else's job. Our economy is based on consumption.
Posted on 2/17/25 at 12:29 pm to sta4ever
quote:
How do you even fix this mess? When does the camels back break?
Is it a mess that needs fixing?
Posted on 2/17/25 at 12:42 pm to WestCoastAg
Link?
Rumor?
Graffiti?
Anything to back up your assertion that most only pay the minimum?
Rumor?
Graffiti?
Anything to back up your assertion that most only pay the minimum?
This post was edited on 2/17/25 at 12:42 pm
Posted on 2/17/25 at 12:59 pm to WestCoastAg
quote:
Donald's America
Which America were we win for the last three months of 2024?
Posted on 2/17/25 at 1:01 pm to N2cars
you know i was just assuming and putting 2 and 2 together but after looking at it, while a pretty big estimation gap exists, it looks like most of the research points to the majority of americans making more than miminimum payments on their cards every month
fair enough
fair enough
Posted on 2/17/25 at 1:01 pm to aubiecat
That’s surprisingly low honestly
Posted on 2/17/25 at 1:03 pm to Bestbank Tiger
quote:
I have $0 debt.
I mean, that’s not smart
Posted on 2/17/25 at 1:14 pm to Mingo Was His NameO
quote:
No mortgage or auto loan? I have both that I’ll stretch out as long as they’ll let me. I want my money to make money
Exactly. It’s not a flex to say you have no mortgage, auto loan, etc when there is money to be made by not paying off debt.
I have 2 personal mortgages, 3 mortgages that cover several rental properties, a business loan, 2 car notes and a student loan. While I don’t currently have any CC debt, I once had over 60k while I was in the process of acquiring a new business.
If I sold my investments and paid off those loans I would make less per year than I do if I keep the loans.
Posted on 2/17/25 at 1:17 pm to RLDSC FAN
Are we just gonna do this thread every couple months?
Posted on 2/17/25 at 2:07 pm to RLDSC FAN
Thanks, Trump.
Posted on 2/17/25 at 2:09 pm to SippyCup
quote:
It’s not a flex to say you have no mortgage, auto loan
Well. It CAN be a flex. If someone else bought you those.
The person I married bought our home prior to our marriage. The car I drive was paid almost entirely from the insurance payout of my previous car (happened to have this happen when used cars were through the roof so the value of my car was $4k more than I had paid, which insurance gave me).
So. No car loan. No mortgage. No debt.
This post was edited on 2/17/25 at 2:14 pm
Posted on 2/17/25 at 2:10 pm to RLDSC FAN
Just took an early withdrawal from my IRA to pay mine off 
#WINNING
#WINNING
Posted on 2/17/25 at 2:16 pm to LouisianaLady
quote:
Well. It CAN be a flex. If someone else bought you those.
If someone bought it for me, I’d mortgage it and take the cash to make more money
Posted on 2/17/25 at 2:17 pm to RLDSC FAN
Inflation is not helping, but that's not a free pass to have not cut back appropriately and live within your means.
I watched a few Caleb Hammer episodes. That young man now gets to make a living because people are idiots with money. Stopped watching because he only ever shows dumpster fires, so that got old, but it's also depressing. With all the education available instantly and literally at people's fingertips, I've lost all sympathy for people who can't make good decisions. There are no better natures to appeal to.
I watched a few Caleb Hammer episodes. That young man now gets to make a living because people are idiots with money. Stopped watching because he only ever shows dumpster fires, so that got old, but it's also depressing. With all the education available instantly and literally at people's fingertips, I've lost all sympathy for people who can't make good decisions. There are no better natures to appeal to.
Posted on 2/17/25 at 2:18 pm to Mingo Was His NameO
Not really an option if you see my edit re: the mortgage. Lol. Although I guess you could argue that I don’t have a mortgage since I’m not a homeowner but that gets fuzzy when you’re not divorcing the actual owner.
I guess I could have pocketed the insurance money for the car, but since Dad paid the last $10k, I don’t think he’d have given me the money if I did that. Parents are weird.
But a free $10k is a free $10k, so no way I would have declined it.
I guess I could have pocketed the insurance money for the car, but since Dad paid the last $10k, I don’t think he’d have given me the money if I did that. Parents are weird.
But a free $10k is a free $10k, so no way I would have declined it.
This post was edited on 2/17/25 at 2:24 pm
Posted on 2/17/25 at 2:29 pm to LSU Grad Alabama Fan
quote:
Sorry for maxing out all these credit cards and then deciding to pay cash for everything after that, brah. I'm winning
Unless the balance is high in which case they sue you and garnish your check from work.
I’ve seen it happen
This post was edited on 2/17/25 at 2:45 pm
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