By on December 28, 2017

keys car sale

It was halfway down an email that was anonymously forwarded to me a few weeks ago, buried between torpid paragraphs grown thick and encrusted with the deliberately Byzantine language of Wall Street analysis. And it said something like this:

In Detroit, Michigan thus far in 2017, nearly one in eight of all available civil lawsuits filed in the city involve (this firm) suing borrowers. Overall, 72% of these lawsuits resulted in the company garnishing the wages or tax refunds of borrowers. In essence, the company is a new kind of hybrid: a debt collector that originates its own loans — a combination that has proved extraordinarily profitable for investors as the business of lending to troubled borrowers has surged since the financial crisis.

A debt collector that originates its own loans, generating more than 10 percent of all civil lawsuits in Detroit. Something wicked this way comes.

(Read More…)

Recent Comments

  • NormSV650: Looks like the joke is on you as Enclave is top ranked luxury 3-row by Consumer Reports. It is also...
  • swester: 0-60 in under 10 seconds? That’s preposterous. Who could ever need such power?!
  • schmitt trigger: This was the reason why vehicles of this period were called from the “malaise era”.
  • 28-Cars-Later: Must have been easy when many vehicles of the period could only go that fast.
  • 28-Cars-Later: Obligatory: GM, what a disgrace!

New Car Research

Get a Free Dealer Quote

Who We Are

  • Adam Tonge
  • Bozi Tatarevic
  • Corey Lewis
  • Mark Baruth
  • Ronnie Schreiber