InsanePeopleFacebook

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Screenshots of people being insane on Facebook. Please censor names/pics of end users in screenshots. Please follow the rules of lemmy.world

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BonesOfTheMoon@lemmy.world

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I just find this funny. Not his debt, but debt over not one but two Cybertrucks. (lemmy.world)

submitted 3 weeks ago by BonesOfTheMoon@lemmy.world to c/insanepeoplefacebook@lemmy.world

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[–] socsa@piefed.social 2 points 3 weeks ago

Because it's probably an 8 year loan which has a six year overlap with the other 8 year loan. This shit makes lenders rich because the interest is all front loaded so 4 years in when the idiot defaults on the second loan they've already gotten like 80% of that amortization and can then just repo the vehicle and do it all over again.