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Just wanted to share folks. Saw this lawsuit on the news today.
http://www.latimes.com/business/la-fi-pace-lawsuits-20180411-story.html
Solar loans are liens against the property, if you screw up, you can lose your home to a solar company. CA usual...
FortWayne saysJust wanted to share folks. Saw this lawsuit on the news today.
http://www.latimes.com/business/la-fi-pace-lawsuits-20180411-story.html
Solar loans are liens against the property, if you screw up, you can lose your home to a solar company. CA usual...
This is generally the case with any contractor working on your home. Is this news to you? Pay things in full and you don't deal with this.
if you screw up,
were left with very little residual income after making their loan payments
Sniper sayswere left with very little residual income after making their loan payments
I totally get it, that was stupid by those home owners to do. I always said, don't buy a house you can't afford if your income drops... but responsibility is these days a conservative thing, not a CA thing... I see so many irresponsible people, they spend a lot, they live paycheck to paycheck, they borrow what they can't pay back, and always blame it on others. Honestly it's just shocking to see that. And I think it's liberal policies that lead to this, because liberals reward irresponsibility and lead to more of it.
Only a moron takes out a loan for solar panels, or any other home improvement.
Only a moron takes out a loan for solar panels, or any other home improvement.
zzyzzx saysOnly a moron takes out a loan for solar panels, or any other home improvement.
I'm of the opinion that solar is usually not a good investment. However for some people (usually high electricity users), it's a great deal. Taking out a loan can make a lot of sense in a case like that.
If the monthly loan interest is less than the monthly savings the solar system provides, the loan should probably be taken and the improvement to your finances enjoyed. This assumes you will pay off the loan before the systems useful life is likely to expire.
http://www.latimes.com/business/la-fi-pace-lawsuits-20180411-story.html
Solar loans are liens against the property, if you screw up, you can lose your home to a solar company. CA usual...