[gruez]

why is this post getting downvoted? clearly these devices work, otherwise lenders won't be using them. if the devices are banned/never existed, lenders will either not lend in risky cases they would have otherwise lent or charge higher interest rates.

[matte_black]

People seem to take offense with being called “deadbeats”.

I think though the term is warranted. It is despicable to enter an agreement to lease a car from a lender and then not make payments.

[fjsolwmv]

It's nothing compared to the despicable ways "car dealerships" (really finance scams) steal from poor people.

https://youtu.be/4U2eDJnwz_s

Or how the National Association of Mortgage Financers or whatever it's called defaulted in their mortgage.

Or how companies declare bankruptcy.

Default is a part of finance. Good faith bankruptcy is not ethically challenged. Both parties to a contract are responsible for counterparty risk.