Could some explain what the bank has to gain?
I took out a car loan going into the Holiday season. I explain that was the slow time of you for me, and every year I get behind. At the same time, I had to shell out over $3000 to stay in biz. I let the dealer ship talk me into paying my last $1000 to close the deal. Not smart I know.
Over the next 6 months, I was always behind, but I always found a way to get their money to them. Then in the middle of the night they came & got the truck. Even before 30 days passed due.
Now they have a truck they can't sell for enough to cover their loss. Plus, they put insurance on it at a rate of $5,179 a year. Which they sent me a bill for. I was only paying $2200 for FULL coverage.
They have force me into bankruptcy, and won't get a thing. So I say again, what do they have to gain? Atleast they were getting their money before. Even if it was late.
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