07.29.22 Clark Answers His Critics on Clark Stinks / Crazy High Car Loan Payments

The Clark Howard Podcast

Clark Howard

Investing, Entrepreneurship, Business

4.6 • 4.9K Ratings

🗓️ 29 July 2022

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

Friday - Clark Stinks day! Christa shares Clark Stinks posts with Clark. Submit yours at Clark.com/ClarkStinks. Also - The average vehicle loan now is over $700 a month. 1 in 8 loans exceed $1K! Meanwhile the repo rate is rising. Why lenders are more aggressive with repossessions now and the negative domino effect. Clark’s recommendation for avoiding financial car loan disaster. Clark Stinks: Segments 1 & 2 Of Car Loans & Repos: Segment 3 Ask Clark: Segment 4 Mentioned on the show: What Is a Roth 401(k) and How Does It Work? Apple Credit Card Review: Earn Cash Back on Tech Purchases Mint Mobile Review: 5 Things To Know Before You Sign Up Family Phone Plans for 2+ Lines - Mint Modern Family Plan Warning: Never Get Roadside Assistance From Your Insurance Provider 5 Things To Know About Series I Savings Bonds Uni - One Toll Pass. 19 States. Clark.com resources Episode transcripts Clark.com daily money newsletter Consumer Action Center Free Helpline: 636-492-5275 Learn more about your ad choices: megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	It's my pleasure to welcome you here to the Clark Howard Show where our mission is to
0:09.7	serve you in a power use.
0:11.6	You might better financial decisions in your life.
0:14.8	Well, it's my favorite day of the week.
0:19.2	Clark Stinks Day.
0:21.5	I get to hear about all the mistakes I made straight ahead.
0:26.0	And later, you're not going to believe this, what the average car payment is in the
0:32.2	US right now and an amount that one out of eight people are paying on car payments each
0:40.7	month will blow your mind.
0:43.8	And know what that's leading to?
0:47.2	Huge rise in repossessions, making me really nervous.
0:51.4	I want to mention for you to you that we're here for you around the clock.
0:57.6	We never sleep in the world of Clark Howard because we are here to serve you at Clark.com
1:06.0	and Clark deals.com and at Clark.com, we have guides to various things that eat up your
1:12.2	wallet.
1:13.5	Ways for you to improve your life, reduce your expenses, maybe both at the same time.
1:20.3	Check it out, check out our guides.
1:22.9	See where today you can attack an area of expense in your life and put more money back in
1:30.4	your wallet right now.
1:33.4	But without further ado, it's time to find out how badly I stink.
1:38.4	I should have never encouraged you to speak.
1:41.2	You know what you think?
	...

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