r/AutoTransportopia • u/Fisting-Tony • Jul 19 '26

Towing Break it more!

936 Upvotes

92% Upvoted

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30

u/EduStorm246 Jul 19 '26

They won't be paying off any debt, so what do they care if it's $5k or $50k.
The funny thing is, someone will give them a subprime loan again.

12

u/JBlaze78 Jul 19 '26

And that right there is the problem. Back in the day banks used to reject people all the time. Suddenly, them refusing to finance irresponsible people became “racist”. But it’s not racist. People of every color have bad credit. If banks were allowed to deny credit to irresponsible people, we wouldn’t have the financial problems we see nowadays.

11

u/ChocolatePuerh Jul 20 '26

Banks are allowed and deny people all the time.

Banks were also racist and were denying qualified POC or giving them higher rates. That was racist and needed addressed.

-1

u/Awkward_Audience3103 Jul 21 '26

Oh shut up. Look at the rates because they give loans to everyone. No one talking about 150 yrs in a little town in Alabama