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[-] dfc09@lemmy.world 4 points 1 year ago

True, financial literacy is pretty lacking, but that's more of an education issue than "their fault"

Most dealerships and banks will happily approve a loan that's too high to be realistic. It's predatory, I make $20/hr and got approved for up to $300k for a mortgage. I bought a house worth half that and it's still a lot. Just feel like banks really shouldn't let people sign loans worth 80% of their monthly income

this post was submitted on 31 Aug 2023
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