Keep on with the logical fallacies and trying to shift the conversation, amigo. It’s about as close as I expect to get from someone that realizes that they were very wrong, since I know I won’t ever get an actual admission. I was replying to multiple people, and the fact that I referenced the wrong anecdote in the…

First, stop typing like you’re applying to be the subject of the top post at /r/iamverysmart. It doesn’t help to get your point across, and it doesn’t make your argument appear more valid.

For the record, Roush Performance works exclusively with Ford. Roush, the engineering component, is an OEM tester. For example, all of those spy photos of the mid-engine Corvette, the new Tundra, etc. all out on the streets of Colorado and Arizona? That’s Roush driving those cars around, doing testing for the auto…

It was actually 1991, but that doesn’t matter. My first car was a 1991 model. It was possible to learn things in 1991. You didn’t ask me how HE should have learned these things. Your vague post made it sound like you disagreed with what cosigning was, so I directed you to Google to search to your heart’s content.

Go type “What is cosigning” into Google. If you’re old enough to sign for a loan, you can go research at any of the thousands of ways to research what you’re doing. At the very least, read the document that you’re freaking signing. It says that you’re responsible for making the payments for the vehicle!

I like how you put “sane hours” as a qualifier so that if I find a job that ostensibly meets the requirements, you then have an Ace in your back pocket to magically shoot down any opportunity that I provide, since that’s so subjective. I recommended car washer because it’s a job that is in demand in the afternoons and…

Dude, anyone accepting a 22% interest rate on a secured auto loan, as a blue collar worker newly employed and with shaky credit, is getting in above their head, bar none, even considering where prime rates were in the 1990's. If it wasn’t illness, it would have been something else. A 22% rate from a subprime lender,…

No, that is not what I’m saying. You’re drawing absurd conclusions. You should absolutely finance. You should just finance within your means. Hell, I’m financing 2 vehicles right now myself! If you have shaky credit, maybe build up that credit before financing. If you can only get a 22% loan, don’t go buy a 3 year…

He could NOT afford the loan if it required life going absolutely perfectly. Life happens to everyone. Everyone has setbacks. Not everyone gets a repo that they spend 20 years dealing with, from it. This was a deadbeat that made his own bed. Being able to afford the loan means being able to withstand unknowns in life.

Ignorance of the law is not a valid legal defense. She signed a contract. She is beholden to that contract. She should have gone to look it up, asked a resource, etc.

First off, life happens to everybody. If you’re living your life leveraged to the teeth, to the extreme that job loss would send the tow truck to your house, then you were living above your means. He should have been able to help cover it with his savings. People lose their jobs, have unexpected pregnancy, have cars…

If you go get a loan for a $15,000 car and it gets repossessed, they will sell it. If the car has depreciated, you’ve torn it up, etc and it only gets $6,000 at auction and you still owe $13,000 then they still hold you accountable for that $7,000. Plus they charge you for towing, storing, and auctioning the vehicle.…

He bought a 3 year old Blazer (now called the Tahoe) on a factory job, with “shaky” credit that caused him to have a 22% interest rate. A brand new Corolla at that time was $9,000. A $3,400 car back in 1991 would be like a $6,500 car today. Even if his $6,500 car blew up, it would have cost less to repair than his 22%…

He refused to deal with the problem. It didn’t “ruin his life.” He never actually dealt with his issue. He never hired an attorney. From the sound of the continued garnishments in 2004, it sounds like he didn’t even show up to court and just got a default judgment against him. Hell, he’s 50 years old. Pay the freaking…

No, bankruptcy only stays on for 10 years. In addition, go to the MyFICO forums. People are utilizing credit again, and getting very reasonable rates considering, when they’re less than 2 years out from bankruptcy. You might need to go to the doctor, since your “feeling” organ is way broken.

Those 75% have other options. They choose to have that specific car, at any cost. That guy in the first example put $3,400 down in 1991 on a 3 year old Blazer (Tahoe). Keep in mind that in 1991 a brand new Corolla was just about $9,000. They want cars above their means. They’re too good to take public transportation.…

It points the fingers in the right direction, at least. You can’t go get a car loan, not pay on it except sporadically every once in a while, and then be the subject of an article, presented as the victim, that the loan that you aren’t paying isn’t shrinking at all.

That girl cosigned FOR SOMEONE THAT SHE BARELY KNEW AND WASN’T IN CONTACT WITH. She signed a legally binding contract, as an adult that is legally able to enter into contracts, that said, “I understand that this personally has proven themselves to not be financially responsible, and WHEN, not IF, they stop paying…

He paid for that bad choice through his own inaction. He could have filed for bankruptcy immediately. He could have hired an attorney to deal with it. If you don’t show up to your court dates, you keep getting garnishments, and you get a default judgement against you. This isn’t a rocket science. If you get a loan,…

The only way that this loan continues to exist, for the first guy, is because he is being passive about it. Those court decisions sound like someone that has refused to hire his own representation, refuses to consult with an attorney to decide on his best path forward, and refuses to pay his loans. It isn’t a shocker…