🐷 The Killstream General Discussion Thread - Discuss Ethan Ralph's stagnant Killstream and his appearances on other shows.

Will Faith and/or Amanda get another DVRO after this pillstream?

  • YES. Suffa piggy.

    Votes: 278 71.8%

  • NO! Another Ralphamale W.

    Votes: 109 28.2%
  • Total voters
    387
Um... said:
Keep eating, Ralph!
View attachment 4770992
That’s you WINNING! Keep it up!
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It looks like he is transitioning into a bowling ball.

guntball.png


gunt-nobg.png
 
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Mr E. Grifter said:
The car alone is so indicative of Ethan's financial situation. The man pulls in about 10k a month, his outgoings per month could be pretty minimal - but even if they weren't, you could live like a king on $3k a month and save the rest - and yet he has to have a truck he bought with a subprime loan and end up paying far more than required. Had he just prepared for this, he could have bought a vehicle outright. No issues.

People wonder where the money goes, and I still do, but this is symptomatic of why he's so poor despite his income.
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He doesn't really pull in $10k a month anymore tho. He had some huge nights last year in the wake of the Kino Casino/Metokur feud heating up that gave him outsized earnings but now he's lucky if he hits $1500 a week.
 
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Friend of Dorothy Parker said:
There's always a lien on a financed car, until you pay it off (unless you managed an unsecured loan, but if he borrowed from a bank like WF, he didn't) or until the statute of limitations has passed.

If you're in default (there may be a cure period for non-payment and default would start after that expires; there are also typically requirements to provide a borrower with a notice of default and potentially allow them to catch up/do an alternative payment plan ), then depending on a bank's internal policies, they may move it to chargeoff status (a chargeoff is typically reported to credit agencies and if so, remains for 7 years), but until it's paid or the SOL expires, they (or a collection agency if the lender sells bad debts to them) still have their remedies (to sue you or repo the car).

In Virginia the SOL on an auto loan is 4 years. SOL generally starts on the date of the last payment.

No doubt Ethan is counting the days.
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I think what people are confused about is the term 'lien' isn't normally used in this context.

Could be wrong, but I've only really heard it when referencing homes.
 
HackerX said:
I think what people are confused about is the term 'lien' isn't normally used in this context.

Could be wrong, but I've only really heard it when referencing homes.
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Lien: Three Main Types of Claim Against and Asset​

Bank Lien
A lien is often granted when an individual takes out a loan from a bank to purchase an asset. For example, if an individual purchases a vehicle, the seller would be paid using the borrowed funds from the bank. In turn, the bank would be granted a lien on the vehicle. If the borrower does not repay the loan, the bank may execute the lien, seize the vehicle, and sell it to repay the loan.
 
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Mikoyan said:
It is absolutely the term used. Normally the loan company will be referred to as a 'lienholder' on your car title.
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Yeah, I know it's a technically correct term. I just usually only hear it referred to as a car loan, car note, car payment, etc.

It could easily be a regional thing, but car lien isn't common parlance from my experience.
 
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Ralph, in the midst of giving us his intriguing insight on the clip he's been playing for 20 minutes, starts laughing hysterically at a certain comment posted on a "quote board":

What was the comment you may ask? Luckily the Ralphamale posted it in chyat:
Capture.PNG

It was none other then the nefarious @Capt. Jean Luc Ritard's comment on Ralphs gameplan in court:
Capt. Jean Luc Ritard said:
He will simply plead no contest and never have to face a single consequence for his actions. Judges HATE this one simple trick!
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Pretty surreal when even the cow is in on how much of a joke their life is.
 
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HackerX said:
Yeah, I know it's a technically correct term. I just usually only hear it referred to as a car loan, car note, car payment, etc.

It could easily be a regional thing, but car lien isn't common parlance from my experience.
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So there's two kinds of loans/debt most people will experience: secured and unsecured. Unsecured means it's a straight debt - you're not offering any collateral, and there's no specific object that can be taken from you if you fail to pay. This is typically documented by a credit agreement/loan agreement and/or a note. Simple things might be just a note.

When a lender requires collateral - usually when you are borrowing to buy a specific thing (house, car, etc) loans, the lender gets a security interest in the property - aka a lien. This can be documented in different ways, but it's why you can lose your house or car to a lender. Liens typically have to be filed at some sort of government level, which is part of what's called perfecting the lien, in order to be able to enforce them (sue/ collect the collateral if repayment fails). Typically done at the time of loan.

So - the note = the promise to pay = "the loan"/creates the debt
The lien = security interest = what gives the lender the right to collect the property you gave as collateral
 
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