Doesn’t really matter. The borrower is still on the hook for the balance after s... | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

		jagged-chisel 19 days ago \| parent \| context \| favorite \| on: US car repossessions surge as more Americans defau... Doesn’t really matter. The borrower is still on the hook for the balance after sale.

scotty79 19 days ago [–]

The borrower didn't have the money to pay. Being "on the hook" doesn't mean much if you simply don't have any money.

It's a mini sub-prime in the making.

Consider applying for YC's Winter 2026 batch! Applications are open till Nov 10
Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact