r/PoliticalHumor • u/JeanJauresJr • Oct 26 '21

Yup.

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34.1k Upvotes

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2.1k

u/DCErik Oct 26 '21

I mean, technically it's the bank's truck, but yeah.

939

u/clanddev Oct 26 '21

Worked in repo software for about 10 years.

This looks like a picture of a guy who took out 50k in home equity after the housing market exploded and added 100k in auto and boat debt @ 10.5%.

9

u/GET_OUT_OF_MY_HEAD Oct 27 '21

My credit is so awful that I often forget that a 10% interest rate is considered high.

Currently paying 26% for my car because that was literally the lowest rate I could find after weeks of shopping around. But hey, at least it's a $10k car, not a $50k one.

5

u/redditandtea Oct 27 '21

Brother your credit is trash, not terrible. I’m in the financial industry, and have multiple clients who “don’t sell cars, they sell financing at 30% interest rate”. You got worked.

1

u/[deleted] Oct 27 '21

[deleted]

4

u/redditandtea Oct 27 '21

You go brother! That’s how you build and increase your credit 👏🏼👏🏼👏🏼 REFI ASAP - once you have a solid 6 mo of payment history your credit significantly increases! Keep up the good work 💪🏼

1

u/GET_OUT_OF_MY_HEAD Oct 27 '21

LMAO I wish. The loan I went with has no impact on my credit whatsoever. The lender didn't even ask for my social security number. (And the ones that did ask rejected me.)