Quote:
Originally Posted by Sliver
What did you want them to do? Not let him buy a car because they figured he was too old? My Aunt's mom is, like, 97 and still drives. She's sharp as a tack, lives in her own house and goes to the old folks' home to help out "the old people".
They didn't make a mess. UCB is trying to solve this without fking over a business.
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It’s not fata-ing anyone. I say it as someone with spotless credit who takes obligations seriously and owns a business. I pay my bills.
There are risks entering into a contract with an octogenarian. Risks get priced. Who was in a better position to understand that - the lender or the 87 year old. No one made the lender sign up. Somewhere in their math, it allows for some of these deals to go sideways. You can bet they did not feel guilty charging a premium and will use any in every tool at their disposal. No one else should feel bad for doing the same.