Michael Wilson+Follow100K Drivers Stuck in $1B Car Loan MeltdownImagine making your car payment, then finding out your lender just vanished. That’s what happened to 100,000 drivers after Tricolor Holdings went belly up, leaving their loans in limbo and 1,000 employees out of work overnight. The company’s collapse is exposing just how risky subprime auto loans can be—especially when fraud is involved. Now, borrowers are bracing for aggressive collectors and possible repos, all because the system behind their contracts crumbled. #Cars #CarLoanCrisis #TricolorHoldings21Share
Ernest Harris+FollowHow One Car Loan Can Wreck Your WalletEver feel pressured into a big purchase? A 24-year-old called into Dave Ramsey’s show with an $80K car loan—ouch! Turns out, he’s paying $1,200 a month for a car now worth half what he owes, and his grandma co-signed. Ramsey’s advice: ditch the car ASAP and don’t even think about buying a house until you clean up the mess. Lesson? Don’t let family or FOMO push you into money traps—always check if a purchase fits your real life, not just your dreams. #Business #MoneyTalk #CarLoanCrisis00Share
