You have never had to support a household. You e never had to make mortgage, health insurance, or autoloan payments. You've never had to make sure your kids had food to eat. Age has everything to do with this. Go play outside.
I think Americans could do well to buy cheaper cars. Autoloans are getting out of control, sucking up way too much of people's wealth. Cheaper often means smaller.
But I definitely wasn't asserting this will happen. Was just wondering if EVs make it somewhat more viable.
The bank will also take into consideration your Debt to income ratio or your DTI.
In other words how much do you borrow monthly vs what you actually bring in.
Banks typically don’t want to see you over a 36% DTI.
When applying for autoloans
I work for a autoloan provider. Most don’t even start action until you 3 months missed payments in a row. It’s not in their interest to do so before then. You could have called and made arrangements with them, if this is true. Some of you don’t even try to help yourselves.
I don’t think Navient can do that? IDK about Navient, but is autopay a factor? Did they transfer burden to you to opt out of autopay where as other loan holder of govt edu loans told customers they needed to opt in to auto pay during the forbearance period?
all because I was forced to get a private loan for the one time I messed up FAFSA because I thought it was auto-renewal and the guy we had do it the first time was a numb-nuts and didnt fucking tell my clueless mom and I how to renew
I agree conceptually, except I'd say to do the following:
Any loan under $500k is auto forgiven.
Above $500k-$2 million still need to request forgiveness.
Above $2 million need audited.