Im really trying not to be the biased car salesman. And I dont really deal with the credit side too much. But I fail to see how this is necessarily wrong. No one is forcing people to sign up for these loans. As they readily admitted in the interview, they signed the contract. Im sure the contract showed their payment, their total loan amount, and their rate. They also obviously understood that given their credit they really had no business applying for a real loan. They obviously could not afford the car their bought, and didnt even trust it to begin with. So to me, this is more a video of people making a stupid decision rather than the banks taking advantage of them through predatory practices. Am I crazy?
Posted on: Tue, 22 Jul 2014 15:37:33 +0000
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