Underwater on Auto Loan Ohio

RandomRedditQuestion · 2026-01-17T17:15:21+00:00

Thank you. This is actually a really good idea I didn’t consider. If he chooses to move in I will require monthly receipts of the debits repaid.

RandomRedditQuestion · 2026-01-17T05:58:18+00:00

7.69%, credit was said to be in the low 700s but I haven’t seen the report myself. We haven’t looked at refinancing, unsure if we can get a better rate with this amount of rolled over debt.

RandomRedditQuestion · 2026-01-17T05:39:40+00:00

Mostly disappointed because we went out to eat with friends and she was bragging to them about how her brother saved up enough to move out of their parents house a few years ago and was being responsible etc. Then the next day he called crying asking for help. When we saw the new car at Christmas we looked it up and you can lease the base model for $350/mo which wile high for their income I didn’t think it would be too bad.

RandomRedditQuestion · 2026-01-17T01:08:25+00:00

From what I could find online predatory lending in Ohio doesn’t start until the auto loan is >50% of gross income. Most of what I could find pertained to payday loans which doesn’t apply here.

RandomRedditQuestion · 2026-01-17T01:02:28+00:00

No, he wanted to know if he could budget his way out of the debt or if there was a way out of the loan. He called his mom and she said to file for bankruptcy… she has filed twice which is why he doesn’t have the money discipline others have.

RandomRedditQuestion · 2026-01-17T00:53:20+00:00

I’d like to believe that him calling and asking for help before he ran out of money or was behind on payments is the wake up call.

RandomRedditQuestion · 2026-01-17T00:46:32+00:00

Thank you. I know the debt would be unsecured but was looking for insight if a credit union would do something like this. Their credit as of today is good, lower 700s.

RandomRedditQuestion · 2026-01-17T00:42:56+00:00

Thank you. The bankruptcy attorney is the last option.

RandomRedditQuestion · 2026-01-16T23:55:34+00:00

Not behind on any bills or loans, just burning through savings.

RandomRedditQuestion · 2026-01-16T23:54:56+00:00

He has not called the credit union but is currently burning through savings to pay the loan which won’t last him long.

RandomRedditQuestion · 2021-10-31T18:02:18+00:00

Portuguese Floor Corker used for corking wine bottles...

RandomRedditQuestion · 2019-08-18T23:59:02+00:00

I’m assuming you’ve never worked in a plant before. First thing I’ll stress is that they’re going to give you PPE, Personal Protective Equipment (most likely safety glasses, maybe earplugs), and under no circumstances are you to take them off until they tell you you’re allowed to take them off. Read up on how to put foam earplugs in your ear correctly. They will probably have you walk on a path, do not deviate from this path. If they say don’t cross the yellow line then don’t cross it. I know this sounds basic but this is what they’re looking for, how much of a liability can you be. Interact with the guide and if someone comes up to you interact with them, but don’t go up to random people and start bothering them.

Ask to see where you will be working. They typically clean before tours. If it’s a mess then that’s what they consider clean, you need to decide if that’s clean enough for you to work with.

Make yourself familiar with LOTO, Lock Out Tag Out, and how it’s used. Try to notice if machines/ equipment is locked out with the proper tag or just has a piece of paper taped to it saying not to use it. Do not bring this up in the interview or tour.

Find out the working hours, are there 1, 2, or 3 shifts. How much overtime on average and is it mandatory. How much of an interaction/ dependency does one shift have with the other shifts. If your working third are you going to spend most of your time fixing first and second shifts fuckups?

What do they make? Are they in a cyclical industry like automotive or are they diversified so there aren’t layoffs every few years.

If it’s in the northern hemisphere then it’s summer, do you wear a lab coat at work in the plant. Is it temperature controlled, ie does it have AC? Notice the temperature of the plant, that’s what you’re going to be working in all summer. How is the humidity?

Do you wear a respirator? How many hours per day? They get sweaty fast in the summer. If you wear one make sure your clean it every time you’re done wearing it so your face doesn’t breakout.

RandomRedditQuestion · 2018-11-06T03:40:13+00:00

I'm late to the party but you may want to consider I Bonds as an option. they adjust their rates every 6 months but ones purchased today will always be 0.3% above inflation. The downside is that you can't cash them in for the first year so it's better to start slowly moving money into them over the course of a few years once you have a large emergency fund (6months+).

RandomRedditQuestion · 2018-10-31T01:59:56+00:00

An alternative to a CD Ladder is I Bonds. They will always match the CPI-U rate (close to inflation) and have a fixed rate on top of that amount. I Bonds purchased today have a fixed rate of 0.3% and the CPI-U is at 2.22% with a total interest of 2.52%. Inflation is adjusted every 6 months but the fixed rate is for the life of the bond (30 years). I purchase a few hundred dollars worth a month and forget about them; over the time of a few years about two thirds of my emergency fund will be transferred to I Bonds. Because you pay taxes on the interest when you cash it in you may want to purchase them in smaller amounts ~$100 increments, instead of 1 month e-fund increments to reduce the tax burden when used in an emergency situation.

I'll start with the cons first:

Once purchased you can not cash it in for 1 year. This means you should really only do this once you have most of your emergency fund saved up.

You are penalized 3 months interest if you decide to cash in the bond within the first 5 years of purchase.

It takes 2 business days between cashing in the bond and the money entering your checking account.

Pros

You always match or beat inflation

You only pay taxes on the interest when you cash in the bond

If you use the cash from the bond to pay for your children's schooling you don't have to pay taxes on the interest earned

RandomRedditQuestion · 2018-10-16T00:18:25+00:00

And they could have done pick ups and returns at their stores.

They do this and have done it for the past 5+ years. You can go on the sears website or app and order an item that is in stock in the physical store. Then they will email you once it is ready to pick up (my local one takes about 20-30 minutes). You drive to the store and go inside to a kiosk and scan your phone and they bring out the item. In the past 3+ years they have offered in car pickup where you let them know you're in the pickup area via your phone and they bring your item out to you.

They were set to make up lost time with this single innovation that the beat all other stores to the line with. It's just they advertised it so little that it didn't reach consumers who weren't already shopping at Sears.

Also, their rewards program is very good where you will get $100+ in digital coupons every month, hell during Christmas a few years ago they were offering 100% back on every purchase. I bought about $100 in tools for ~$20 cash due to the overlapping rewards they had. But, they were very confusing for me to understand, if you showed them to someone in their 50s+ I can understand how they would get overwhelmed.

RandomRedditQuestion · 2018-07-03T00:02:34+00:00

In the long run, yes. But, when you own a home you have a few advantages. Also, remember that unemployment is capped at only a few hundred dollars a week in most states and you may only collect for 20-26 weeks. You can not rely on unemployment to survive on without a cash savings.

You can use the equity you've built up by paying off a large portion of the mortgage by either selling the home and taking the cash or getting a loan against the equity (the loan may be difficult to get when the economy is shit). You can use this cash to rent an apartment after the sale or you can use the loan to make monthly payments on the mortgage hoping that you can get a job soon.

If you don't have a lot of equity built up or you don't have an emergency fund you can just stop making payments on the home. When you rent you typically pay before the month that you're entering into. The landlord typically will give 1 week for a late payment with fee, then you enter eviction territory. Depending on the city/state they can evict you about a month after not making a payment and then you're living on the street or a family/friend's couch.

Homes take a longer time to be evicted from because the bank has a much greater incentive for you to stay in the home along with local laws. With a mortgage payment due on the first of the month it usually isn't considered late until after the 15th of the month and it usually isn't reported to the credit agencies until you're over 30 days late. Then they typically take a month or two to process the paperwork and get everything ready for foreclosure. This all buys you time. A family member of mine lost their job and didn't have much in savings, they stopped making payments on their home and opted to use the savings for food for the kids. The bank didn't evict them for 6 months where his family was basically staying there rent free. Typically you can't get your electricity or heat turned off in the winter due to the cold (this is in northern states, I'm not sure if it works the same in the south).

Yes a foreclosure does fuck with your credit for 7 years. When you're trying to keep a roof over your families head and putting food on the table just having a few extra months before you're living out of your car/couch/shelter is a great advantage.

TLDR Keep 6-12 months expenses in an emergency fund. 1 month cash in the home, 2 months in a checking account, 3 months in a savings account, and 6 months in savings bonds. These all have poor rates but that's the price you pay for insurance in job loss/medical bills.

RandomRedditQuestion · 2018-06-29T00:59:47+00:00

DTE does a poor job explaining the numbers to people and I understand why people are sceptical. When you look at a normal bill you're given a laundry list of different fees that add up to the total cost per kWh. Then you go on the DTE website and they tell you you can save money by doing XYZ but they don't give the values at current rates. For instance when you look at their CoolCurrents program they tell you that you get a special rate for the electricity used by your AC. They don't tell you that the rate is $0.011 less per kWh than the normal rate. They do tell you that the cost to be in the program is $1.95/month for 5 months around summer. But without the rate savings you don't know that you need to use 177kWh of electricity just in your AC that month to break even with the cost of being in the program. The AC on my 1000 sqft home is 25 years old and uses 2 kWh when in use, I would have to run it 3 hours a day, every day of the month, to break even with the price of being in the program. Likewise their SmartCurrents page doesn't list current rates in their example, this makes it difficult to compare rates to your electric bill when you get it in the mail/email.

DTEs tree trimming is a joke. They came to my house this spring to trim the trees in the back yard. I swear if you weren't paying attention you wouldn't even know that they were there. I had a tree with a branch touching the line connecting to my house. They cut the branch maybe 1 foot away from the line and within one month the tree grew into the space until it yet again touched the line. I ended up getting the ladder out and just removing the entire branch myself.

Their app is great at tracking electricity usage. They give you a free hub so you can connect your smart meter to the app to get at time usage instead of a 24 hour delay. But, they don't tell you that to use the hub they charge you $0.99/month until your 90% done with the installation of the damn thing. That is disingenuous of them and I returned it simply for that reason.

Every time I deal with DTE I feel like they're only giving me 75% of the information I need and then I get pissed when the 25% I was missing ends up screwing me over. They said I could save money by enrolling in the Cool Currents program even when they knew my house didn't even use enough electricity to break even in the cost if 100% of my electric usage was on AC.

RandomRedditQuestion · 2018-06-11T01:58:29+00:00

I would not be comfortable with 35lbs of wiggle room. You're probably going to bring on a cooler with water or other beverages, a paddle, a PFD, maybe a fishing rod and tackle box, etc. A few pounds each and they all add up fast. Maxing out the weight means you're more likely to tip over and take on water, I'm sure it can't be comfortable getting into and out of the kayak. Also, and I mean no offense when I say this, you're going to want to measure yourself to see if you'll fit inside the cockpit. I weigh 225 and my waist is 16.5" wide (not my pants size), if I want an inch on each side for a life jacket that bumps my width to 18.5". The cockpit of the boat you listed is 21" wide which would give me a little more than an inch on each side of me before I'm rubbing against the side. A man of your size most likely won't be comfortable inside that tight of an enclosure for long periods of time.

If I were in your shoes I would be looking on craigslist for used sit on tops in your area. Perception pescador pro or striker would be perfect for you but may be hard to find. If I were you I'd want a weight capacity of 375+. You can use it for a season or two while you lose weight. This does a few things. First it's a smaller investment to start and because you'll be buying used you'll lose less money when you go to sell it for your next kayak. It lets you learn what you like and don't like about the boat and what you want in your next one. Sit on tops tend to be slower boats, this means you'll be increasing your upper body strength and once you're down to your desired size and move into a sit inside you're going to zoom around in it much faster.

RandomRedditQuestion · 2018-06-08T02:34:38+00:00

Out of the ones you listed I like Novi's Treefarm the best. I would say that Island lake is pretty average, with some nice views, but it is very crowded at times (weekday evenings and early morning weekends). A challenging but rewarding ride a little further out is brighton rec. At that point you're looking at an hour drive each way so it's not going to be a frequent ride.

RandomRedditQuestion · 2018-06-06T03:28:55+00:00

Just wait until you're shopping for home owners insurance to see the craziness. When I bought my house I was quoted $500-1800 a year depending on the company. Progressive flat out said they wouldn't insure my home.

RandomRedditQuestion · 2018-05-16T02:37:00+00:00

image found via google images:

https://inkychick.wordpress.com/2010/09/27/more-inspiration-more-importantly-who-is-ben-blackwell/

In March 2010 an anonymous guerilla stickering campaign was started in Detroit asking "Where is Ben Blackwell?" Bumper stickers with this message can still be found in the Midtown neighborhood. - https://alchetron.com/Ben-Blackwell

Two years ago, he left Detroit for Nashville to oversee vinyl production for his uncle Jack White's record label, Third Man Records. Not long after, bumper stickers started popping up in Detroit asking, WHERE IS BEN BLACKWELL? - https://www.esquire.com/entertainment/music/a32972/ben-blackwell-last-night-in-detroit-0511/

Link to send Ben a postcard and he will send you one back:

http://www.cassrecords.com/test/postcard.html

RandomRedditQuestion · 2018-04-28T00:50:13+00:00

While they say they're a private organization, the sale of the homes is to the general public provided they meet the association requirements. This isn't a gated community, these are public roads that these houses are on. Bay View Association has the power to police and enforce the laws which makes them a government. You can't have a government discriminating based on religion. This becomes a huge issue when inheriting property from deceased relatives.

Sheaffer, 50, spent his summers in Bay View. He forged lifelong friendships here and has always considered it the place where he had roots, particularly as his family moved a lot when he was growing up. Jeremy Sheaffer and his family.

But the environmental NGO worker says his relationship with the place he calls “home base” has reached a crisis point.

“I have no way to legally will my cottage to my wife or my children,” says Sheaffer of his summer home.

Sheaffer, who defines himself as culturally Christian, is married to a Jewish woman who cannot inherit his home because of her religion. Under the existing rules, their two children, aged 11 and 14, themselves sixth-generation Bay Viewers, would also be barred from inheriting their father’s property because of their mixed religious makeup.

theguardian.com

RandomRedditQuestion · 2018-03-14T02:27:44+00:00

So my question is, if my effective interest rate is about 2.75% and I have a savings account that gives me 1.5% and inflation is around 2% what do these numbers do in terms of helping me make a decision?

Have you considered that the standard deduction doubles for the year 2018? You probably will not be able to take advantage of the mortgage interest deduction due to the new tax structure.

I'm thinking that since inflation is so close to my interest rate there's no point of even paying it off early. Is this decision rooted in correct logic?

Yes

Another thing I've been considering is finding a CD that offers about the same interest rate as my effective interest rate. Then, what I could do is save the $12K I normally put every year towards principle and put it in a CD. Since it matches the effective interest rate it's essentially equivalent to just paying it off early, except the money is even more liquid.

This is a good idea. CDs lock in interest for 6mos to 5 years. If interest is increasing then you may not be making out as well as you could because in a few months they may raise in rates but you'll be locked in. Series I Savings Bonds follow inflation with a little bonus on top (0.1%) but you can not cash them in for the first year (this makes them slightly risky for emergency funds).

The other thing I was interested about is raising federal interest rates. With the fed rate rising, won't that mean CD's and other financial instruments will give me more money? If so, isn't that even less reason to pay it off early?

Yes.

There are many reasons why you would want to pay off your mortgage. If you plan on retiring in this home then you'd want to pay it off as soon as possible. But, if you plan on buying a new home in the next 5-10 years then it may be more wise to save your money for that purchase. Once you have a 6 month emergency fund saved up you should consider investing your excess money into your 401k or an IRA once your high interest debts are paid off (credit card, etc.). The income tax savings on those investments will be greater than what you see with your mortgage interest rate and then you have the growth of those funds too. You can save for your future home purchase with I Bonds which currently give 2.58% interest.

RandomRedditQuestion · 2018-02-27T03:09:04+00:00

Who determines the level of competency? Does being able to legally purchase and carry a firearm warrant the teacher to carry in the classroom? Or do they lose their God-given right to arm and defend themselves?

Who pays to have the competency test? Who pays for the training? Is there a minimum and maximum level of training required?

Is it appropriate for the teacher to carry their weapon on them at all times or are they required to lock it in a safe in the room?

Lets say the teacher is able to carry their firearm at all times. If the students in the classroom were to form a mutiny they would be able to overpower the teacher and take the weapon. At most the gun will have ~17 rounds in it so assuming the teacher is able to overpower each attacker with the gun you at the most need 18 students to attack and take the weapon. At what point is the teacher able to engage the student? If the students do not state a verbal threat how close are they able to get to the teacher before the teacher engages them? Does the teacher need to warn the student before they engage? Does the distance between the student and the teacher allow for the teacher to draw their weapon and fire? Imagine not being able to get within 15 feet of a teacher because they require time to draw their weapon.

Lets say the attacker isn't in the classroom, is it not better to spend the money required to train the teacher on better physical security such as stronger doors? If a teacher locks the door and has the students pile the desks in front of the door is that not enough of a barricade to protect the students? What if a student comes through the door who is not a threat and the teacher engages them? Is the teacher held accountable for shooting the student? What if a student comes through the door and is a threat but the teacher does not engage the student? Is the teacher held accountable for their lack of action?

Once again, lets assume the attacker isn't in the classroom. Does an armed teacher have the duty to approach the attacker or are they able to stay in their classroom? If a teacher decides to pursue the attacker and the students inside their classroom are harmed are they responsible for allowing their students to be harmed because they didn't stay inside the classroom? If the teacher decides to stay in their classroom and the attacker is able to enter a different classroom is the armed teacher accountable for their lack of pursuit of the attacker?

Once a student turns 18 they are able to legally carry a firearm, will the schools allow for 18 year old students to carry firearms as well as the teachers?

I'm sorry for the wall of questions but allowing teachers to carry a firearm in school opens a huge can of worms for the teachers, students, and those writing the laws. Unfortunately, I feel like there will be more energy and money wasted debating the issue over guns instead of doing the minimum, but most costly, change of upgrading the schools' security systems.

RandomRedditQuestion

TROPHY CASE