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tRump gets $125M bond paid by sub-prime auto loan lender

posted a month ago by Thaisticks (2634)
5 replies | jump to latest

That is sooo tRumpy, lol!

[–] BKB (6479) a month ago

And?? 🤔

[–] moviechatterer (13558) a month ago

what does "sub prime" mean in this context?

[–] Thaistickers (1149) a month ago

Yes!

[–] UncleRuckis (2562) a month ago

Loans where they shamelessly charge people obscenely high interest because they have bad or no credit.

Had an fairly young Sailor once show up to work with a car he just bought. Asked him the APR(I'd seen this play out too many times) and it had a whopping 27%. Explained to him how APR works, how it wasn't even legal to charge him that, and convinced him to take it back.

[–] HarlemEagle42 (16320) a month ago

And it's still probably no good.