When folks are between a rock and a very hard place... most hope that everthing will fall in line or stay in line in order for them to pay and meet their monthly bills. As my mom says, When you're broke ever damn thing that conceivably happen, does. That being said, she signed a contract and if she didn't read the very fine print, shame on her.

Stymie said:

SeventeenDayze said:

There are some folks on this thread that seem to be dellusional and taking the side of the predator lender. Tell me, does it make you rich to side with the rich in situations like this? Why do rich folks still profit from these kind of scams that are designed to keep people in debt, in fact, securities backed loans have made some bad dudes a lot, A LOT OF MONEY the past several years since deregulation is now the new big thing on Wall Street and Capitol Hill. Everytime someone defaults on a loan, there is someone else getting paid. That's how the scam goes. Believe or not, there are people who have gamed the system to make sure that they always win and when someone wins, there is always someone else LOSING and in that case, it's 99.9999 percent of the time going to be working class people on the losing end of things. The people produce the goods and services that make the world go round but own virtually none of it. Even things that you THINK you own are not yours but the bank owns them. Then, as soon as you get close to paying it off the reality of "devaluation" hits you like a ton of bricks. The banks are happy to say that your home is worth something as long as you are paying off the loan but the minute you finished slaving over your job to pay for the house, it's falling apart and worth nothing. Face it folks, greed is real, it motivates people to create laws, financial terms, etc. that guarantee that the rich STAY RICH and the poor keep losing.

oh pulease. what about personal responsibility and accountability?

Oh pulease. I'm talking about what happens at the higher level of the ladder, not at the bottom where people like you have fun blaming the victim. Not everyone is in debt because they went to Hawaii, some are in debt because of medical bills, student loans and gas station credit cards that they use to get back and forth to work. Some people aren't lucky in life, you know.

SeventeenDayze said:

https://homes.yahoo.com/blogs/spaces/income-inequality--america-s-worst-states-214549684.html

You know, I have had bad credit, Ive had the electricity and phones shut off...we have been so deep in the hole we even went to a credit consumer counceling service... I have paid the super high interests on car loans... I have been denied credit... But you know what... We worked thru it, we started to pay our bills, and on time... We buckled down and actually paid them and guess what? My credit is great! We have lots of money! Noone tried to "hold us down".... that is such bullshit... As a few others here have said, LIFE IS WHAT YOU MAKE IT... None of these people are stupid and being taken advantage of....

Yes, some people are thrown a hardship, like an illness or death, but dont blame it on others and for gods sake dont use your children as sympathy tokens.. Its pathetic...

And If you read the story you would know this wasnt her 1st time...

Noone has said they dont feel bad for her..

Stymie said:

PurpleJedi said:

Not everyone can afford to buy a car.

Let me repeat what I just said: NOT EVERYONE CAN AFFORD TO BUY A CAR.

So if you have such horrific credit...get your act together, pay your bills on time, and get a loan when your means allow it.

I would love to buy a new car right now. WOULD LOVE IT. But my finances do not allow it. My current car is suddenly falling apart bit-by-bit. Due to my circumstances of the past 4 years, my credit has hit rock-bottom. I can make the payments on a new car, but if I were to get a loan today, it would be one of those ultra-high interest rate ones (probably with a disconnect switch).

So I am not. I will fix my car bit by bit, and when I am back on track, I will get that Honda that I have my eye on.

As for payday loans...those are EXACTLY what they sound like. PAY DAY LOANS. I used one to travel to Seattle through Great Plains Lending. I got $1,000. Flew to Seattle. Had a great time. When I got back, I should have paid it back, but I paid it off in like 6 installments, so I would up paying them an obscene amount of interest...BUT I KNEW WHAT I WAS DOING. No one put a gun to my head and FORCED me to take the loan. I'm a big boy. Got my big boy pants on. I didn't cry and whine about it. It was my choice.

And that's the problem. People fuck up and expect other people to clean up after them.

Everyone - EVERYONE - starts off with "good" credit. What you do, the choices you make, affects that. Americans in particular have taken to using credit to live above their means. That's a CHOICE. When you have overextended yourself and can't buy that car, don't whine and complain and use your sick child to gain attention. Take a taxi. Take a bus. Call an ambulance. But don't use your sick child for attention. That's disgusting.

Co-

tinaz said:

babynoz said:

Well that's nice that he as an individual is considerate of other's safety. Looks like others are not. I still find it unnerving that so much "power" is in the hands and whims of another individual or group, that's the only thing that concerns me. Sorry this particular person is struggling financially, maybe they should rely on the bus. Me, I'm just noting for the thousandth time it ain't the government that tracking where a single individual is and in control of their environment to an extent.

morningsong said:

babynoz said:

he typically shuts down cars when they are parked at the borrower’s house or workplace. If there is an emergency, he says, he will turn a car back on.

None of the borrowers or consumer lawyers interviewed by The New York Times raised concerns about the way Mr. Vead’s credit union uses the devices. But other lenders, they said, were not as considerate, marooning drivers in far-flung places and often giving no advance notice of a shut-off. Lenders say that they exercise caution when disabling vehicles

I still find it unnerving that so much "power" is in the hands and whims of another individual or group, that's the only thing that concerns me.

Well that is exactly what I was trying to have a discussion about but I gave up because for some reason people are under the impression that this is about sympathy for the borrower or their personal credit history.

Even when borrowing terms are agreed upon there should be some due process that has to be followed when the person is in default. That kind of power should not be subject to the whims of whichever lender to enforce the terms however they see fit. The laws are not keeping up with the technology.

JustErin said:

babynoz said:

morningsong said:

babynoz said:

he typically shuts down cars when they are parked at the borrower’s house or workplace. If there is an emergency, he says, he will turn a car back on.

None of the borrowers or consumer lawyers interviewed by The New York Times raised concerns about the way Mr. Vead’s credit union uses the devices. But other lenders, they said, were not as considerate, marooning drivers in far-flung places and often giving no advance notice of a shut-off. Lenders say that they exercise caution when disabling vehicles

Well that's nice that he as an individual is considerate of other's safety. Looks like others are not. I still find it unnerving that so much "power" is in the hands and whims of another individual or group, that's the only thing that concerns me. Sorry this particular person is struggling financially, maybe they should rely on the bus. Me, I'm just noting for the thousandth time it ain't the government that tracking where a single individual is and in control of their environment to an extent.

Whomever started this device, it does seems pretty much Orwellian like to me.