#credit
3 articles
A Repossessed $12,000 Car Still Leaves You Owing $9,200 in Debt
94% of auto repossessions leave a deficiency balance (CFPB, 2025) because wholesale auctions recover only 50-65% of market value. Selling the car yourself before default captures far more of what it's actually worth.
2 Missed $8 Klarna Fees on a $400 Purchase Work Out to a 35% Annualized Rate
Buy Now Pay Later markets itself as always 0% interest. A flat late fee on a 6-week repayment window annualizes into a rate that can beat what a normal credit card would charge for the same slip-up.
A '45% Settlement' Becomes a 67% Payment Once the Fee and Tax Bill Arrive
Debt settlement companies advertise the percentage a creditor accepts. They don't advertise the 15-25% program fee or the IRS tax bill on whatever debt gets forgiven — together they close most of the gap.