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bcohen
Senior Member
Last Activity: 09-20-2021, 06:10 AM
Joined: 06-12-2010
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  • Remember that smart people file for bankruptcy protection when their circumstances have improved, and they have something to protect. A person who was working a low-wage job, and then fell behind on their rent and other debts due to the pandemic is unlikely to benefit from declaring bankruptcy at this...
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  • Driving for these services is a terrible deal for the so-called "independent contractor" driver, hence why these companies are always trying to recruit new suckers--er, I mean associates. First of all, the rates paid by these companies often results in earnings which are close to or less...
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  • Not exactly. The lender has a lien on the vehicle, but you are still the registered owner. They don't really want the car, especially if it's in poor condition. More importantly, Mariner (and other storefront lenders like it) does not own the building and land--they are leasing the space. The landlord...
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  • Mariner Finance...I remember receiving "pre-qualified" loan offers in the mail from these bottom-feeders after I declared bankruptcy. What was interesting about their loan offers was that they sent a check, which functioned as the promissory note for their usurious loan. The check was marked...
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  • I assume the "lender" you are referring to is a payday/title loan, not the loan used to purchase this vehicle. I would say that a 2008 Corolla in good condition with 125,000 miles is worth about $6-9k dealer retail, so even if it was in perfect condition, it does not make sense to repay this...
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  • You don't say what is wrong with the car, what kind of car this is, or how much the repairs will cost. Assuming for the sake of argument that the car is completely worthless, value is less than $2k in good condition, has a blown engine or transmission, you can certainly stop paying but the odds are...
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