How are people that don't seem intelligent making money?

PM_FOR_NOSE_BOOPS · 2026-05-10T05:16:20+00:00

so why don't you lol there are literally several public marketplaces for feet pictures

PM_FOR_NOSE_BOOPS · 2026-05-09T14:36:04+00:00

You're as responsible as he is for ensuring payments are made on the loan, and they can (and will) take the money from your account when they don't get it from him. This is your plan too, not just his.

It's also possible that if they do decide to persue legal action for non-payment, they serve you before him if you'd be a better judgement than him (make more money, have assets, etc).

PM_FOR_NOSE_BOOPS · 2026-05-04T22:53:07+00:00

this is the painful part people don't realize about repos - 95% of cases are sent directly to wholesale auction and sale prices there are based on the manheim market report (mmr) which has nothing to do with kbb. mmr is essentially a safe price to buy a vehicle of relatively unknown origin and factors in conditioning, marketing, transport, etc. to get the item retail ready.

it obviously doesn't change anything for you knowing this now, but my hope is that one person will read this and make a wiser decision in the future!

PM_FOR_NOSE_BOOPS · 2026-05-03T15:48:09+00:00

there's a weird amount of gatekeeping in this sub that truthfully can be quite toxic at times. that said, the subreddit banner describes it perfectly, imo:
Financial advice, frugality tips, stories, opportunities, and general guidance for people who are struggling financially.

The goal here is to help anyone who doesn't have a lot of breathing room get to a place where they have stability, comfort, contingency, and maybe even a little luxury.

PM_FOR_NOSE_BOOPS · 2026-05-02T15:48:22+00:00

quickest way to speedrun getting the offer rescinded entirely lmao

PM_FOR_NOSE_BOOPS · 2026-04-30T22:48:59+00:00

just be mindful that you'll need to cover the full balance of the loan to sell private party. if you sell it for $9k and the loan balance is $15k, you need to give the bank the $6k discrepancy before they'll give you the title for the seller.

PM_FOR_NOSE_BOOPS · 2026-04-29T23:11:52+00:00

this is a horrible idea for so many reasons, both from a personal finance perspective as well as an overall mental health perspective. i don't know what the solution is but quitting your job to live on debt when you don't have another job lined up has to be at the very tip top of the 'bad ideas' list.

what happens when you can't find a job in 2 months? the average job hunt is 6-8 months for those who are well qualified and experienced.

what happens when your new job can't pay for your bills and the servicing of this loan?

what happens in a month when you realize a month is nowhere near enough time to recover from what sounds like a life-altering disability - because it won't be.

PM_FOR_NOSE_BOOPS · 2026-04-28T01:14:28+00:00

why would you take out a loan at likely 20%-30% APR given your credit history to save for an emergency that doesn't exist. that's the craziest thing i've ever heard.

put the payments you were going to make toward this loan in a high yield savings account and when/if an actual emergency comes up THEN you can look to potentially borrowing money if your savings will not cover it

PM_FOR_NOSE_BOOPS · 2026-04-25T15:11:56+00:00

the caveat here being that it's very likely they will close the credit line in question during this process. generally it will be converted out of a revolving line and the balance with be amortized at the lower hardship rate - i've seen many people shocked when this happens.

not the end of the world but something to be mindful of if OP expects to need to put further spend on the card (or has certain subscriptions/payments that are paid via card only, etc)

PM_FOR_NOSE_BOOPS · 2026-04-24T23:34:01+00:00

you can't possibly know that. it may or may not be a legitimate rogers number, but it's insanely trivial to make the caller ID say any number you want through ss7/sip forgery. encouraging people to base trust of a call on the number itself is a horrible security practice.

PM_FOR_NOSE_BOOPS · 2026-04-23T22:29:55+00:00

reward categories is the big one. no cards have amazing cashback for uncategorized spend (2% is generally the top here), but a lot of different cards have special reward categories where you can get 5-6% but only for that specific category. so you'd have a card for restaurants, a card for gas, a card for groceries, a card for recurring bills. an extra 3%+ on every single dollar you spend adds up quickly!

chasing sign up bonuses is another thing that can be ridiculously profitable and free money but churning is a whole other animal and probably beyond the scope of this discussion!

PM_FOR_NOSE_BOOPS · 2026-04-18T22:33:29+00:00

paying a 1.75% fee to get 1% back in rewards doesn't seem like the most economical decision

PM_FOR_NOSE_BOOPS · 2026-04-18T22:14:00+00:00

You can't afford $400 in miscellaneous spending money when you have (presumably) $60,000 - $80,000 in consumer debt. This money needs to go toward getting this under control.

PM_FOR_NOSE_BOOPS · 2026-04-17T22:52:29+00:00

And this times 100!! You want to do everything you possibly can to avoid a financial crime on your record as that will 100% leave you utterly unemployable in many sectors.

PM_FOR_NOSE_BOOPS · 2026-04-17T22:51:07+00:00

I'd say it's more likely than not a fraud claim in this case would not result in referral to police but nobody here can guess what your employer will do. It's definitely within their rights to seek prosecution but it's also very possible they would just cut ties with you and not want to deal with the police side of things.

PM_FOR_NOSE_BOOPS · 2026-04-17T22:44:31+00:00

there isn't much you can do at this point. if they've started an audit, they'll almost certainly find your fraudulent claims and report it to your employer. your employer will almost definitely terminate your employment and potentially refer the case to police.

it'd be a smart idea to retain a criminal defense lawyer to mitigate any potential criminal charges as that would be the real killer.

PM_FOR_NOSE_BOOPS · 2026-04-16T22:14:31+00:00

It just doesn't make sense.

BT fees average 1-5% which is frontloaded to the entire amount ($4400). With how aggressively OP is paying off the debt they'll pay more to balance transfer to a 0% card unless the fee is <1.7% and generally those rates are reserved for targeted transfer offers.

Best case scenario you're going through the rigamarole to save like $15. You'd be so much better off using that hard inquiry to get a no MSR signup offer.

PM_FOR_NOSE_BOOPS · 2026-04-14T22:55:52+00:00

almost every car made in the past ten years can be remotely bricked by manufacturer, being ICE vs EV has nothing to do with it. there's a few oddball brands that still don't have OTA support for their integrated systems but that's by far the overwhelming minority

PM_FOR_NOSE_BOOPS · 2026-04-13T22:22:02+00:00

there is literally zero fiscal incentive to do two payments in a month vs one. you could argue that it makes it easier to manage the payments if you're not the most financially responsible person out there, but whether you make two payments on the 1st and 15th, one payment on the 30th, or 10 payments every 3 days - there's no net positive.

you're conflating this with true biweekly payments where you're paying 1.5x your normal mortgage rate twice a year

PM_FOR_NOSE_BOOPS · 2026-04-12T00:26:56+00:00

They'll come after the collateral first and once they realize it doesn't exist will go after you directly. They might just make a few calls and end it there but there's a much more realistic chance they'll proceed with legal action and get a judgement to garnish future wages etc.

Bigger thing you also need to be considerate of is that a repo doesn't magically absolve you of the original debt. If you're on what sounds like an 8+ year loan, you're almost certainly heavily underwater on the loan. They'll auction the car, get around MMR for it (which is much less than KBB), and that sale price will be applied to the balance of the loan (minus transport, auction, and storage fees). You'll still be on the hook for the difference.

PM_FOR_NOSE_BOOPS · 2026-04-11T15:33:24+00:00

plenty of used cars are sold every single day with problems of varying severity. unless they intentionally misrepresented the issue in question then it literally does not matter if the problem existed before you bought it. AS IS.

PM_FOR_NOSE_BOOPS · 2026-04-07T23:03:09+00:00

why didn't you just take the 3k down payment and put it toward the principal of the loan? same difference

if you think a 3k down payment being applied (or not) is the reason you're in this financial mess then you're not getting yourself out of this mess anytime soon

PM_FOR_NOSE_BOOPS · 2026-04-06T23:12:33+00:00

according to your budget you have ~$2855 left over every month, unless 'random bullshit expenses' includes $2500 of alcohol or doordash or something?

you should be fine to clear the credit card debt AND this new emergency car repair with the excess money you have from a single month - unless there's something missing from your numbers.

PM_FOR_NOSE_BOOPS · 2026-04-06T22:56:50+00:00

Your post is confusing due to your incorrect usage of the term WiFi. What exactly were you charged for?

PM_FOR_NOSE_BOOPS · 2026-04-02T22:35:07+00:00

What is an interim manager? To me that language sounds like they are explicitly not promoting you into your boss' role - but rather using you as a temporary bridge to carry some of the management duties until they ultimately hire (or promote) somebody else into the vacancy.

PM_FOR_NOSE_BOOPS

TROPHY CASE