I'd flip it around: Chris has been begging for years. What evidence do we have that he has financial problems in the first place?
He can and has been for 6.5 years, since Bob died.
It has already been remortgaged, there is no way they have paid it off.
I wonder if she dies and the mortgage was in her name does that mean the debt gets wiped out or do they just repo the house?
The bank would take it, yes.
No. Chris managed to lose several thousand dollars to a loan shark of sorts or something along those lines.
The debt wouldn't get wiped out.
Figured as such. I know with unsecured debt it's usually just chalked up as "they dead lol" and it just gets written off. I figure with a secure loan since there is physical property they'd just take it.
I think that's a factor, the main one. The way I see it is after Bob died, the Chandler's finances were handled by Barb and not good ole' responsible Bob. Barb and chris felt entitled to the same lifestyle they were accustomed to during Bob's life... but in reality couldn't afford it. Barb thinks the world owes her something and Chris shrugs off responsibility any chance he can. Not saying Bob was a genius family man, but he did what little he could to keep Barb and Chris from jumping off the financial deep end.. but once he passed they both instinctively mismanaged their money.
Isn't there proof he dealt in payday loans? Those things are notoriously fucking shady, and what seems like a $500 loan can end up being drastically more rather quickly. Iirc, they charge a "fee" and a payment, but they don't tell people that, so they pay off the fee each month thinking they're making actual payments and the interest keeps building and suddenly they owe more than they could ever imagine on a little payday loan...
It's more complicated than that and I'm sure with time everything will come to the surface. Shady doesn't even begin to describe what happened.
Fun thing is that Fingerhut is sleazier than any credit card.
I honestly have difficulty buying this, how does Chris even find these people?
My opinion is rent to own is pretty much a scam used to take advantage of greedy people on a steady low income. Basically you pay a much higher price in installments, when you'd be better off buying it at a normal price on credit. Obviously only do this if you absolutely have to, like if it's furniture or a computer for your kids. But fingerhut sells all kinds of junk people don't need, hoping people will pay more than what it's worth and not be able to make the final payments so they can take it back and sell it again to the next jackass.
Have you ever gotten junk mail from a payday loan company? They send you something that's suppose to look like a check for whatever they know the can approve you for, to get morons all excited they're getting free money. Then there's text on it that says just call or visit today and this check could be REAL! So stupid people who need money show up and the only question they ask is when can I see my cash. Then they end up blowing the money and realizing they have to pay it back and then some.
