People thought they were buying cars during the pandemic. A lot of them were really buying seven years of debt wrapped around a depreciating asset.
Now car values are falling, borrowers are upside down, delinquencies are climbing, and repossessions do not always erase the remaining loan.
This goes way deeper than somebody having a high car payment. We could be watching the warning signs of 2008 all over again—except this time, the bad loans are sitting in people’s driveways.
Selling home security while making the homeowner feel like he needs protection from YOU is nasty work. 😂
Never let a stranger pressure you into signing a security, solar, roofing, pest-control, or home-service contract at your door. Take the information, research the company, compare prices, and read every cancellation term before giving them a dime.
And please stop knocking on people’s doors at 9:30 at night!
