The Spark

“The emancipation of the working class will only be achieved by the working class itself.” — Karl Marx

Beware of Subprime Vehicle Loans!

Sep 3, 2012

They say the auto companies can’t keep up with all the truck orders and that August auto sales are expected to jump 16% over 2011. But one of the reasons for the jump is what the business press is calling “easier access to credit.”

But beware. Just like the real estate bubble before 2008, banks are pushing a subprime vehicle loan scam of high interest loans on people least able to repay them. And, again, the banks will make out like bandits at the expense of people driven into debt!