Category Archives: Transportation

Motorcycle Financing Company Wants More for Late Payment Interest. – Bill

“Dear Steve, I have had a loan through the manufactuer of my motorcycle, the question is it is now the end of the loan term and they told me that I still owe $2000 because of late payments over the term of the loan. I took advantage of there loan modification 3 times in 7 [...]

Made horrible mistake getting car loan for boyfriend. Please help get this car out of my name! – Jocelyn

I really made a big mistake with a car loan for someone else. I bought a house by myself earlier this year which is going fine. I have a 157K mortgage loan. My long-time boyfriend was unemployed and his credit isn’t that good and of course, he needed a car, perfect timing. We initially went [...]

Should I trade in my vehicle or keep it and add extended warranty? – Janice

Hi, I am currently financing a 2004 BMW X3 and will be out of warranty in February 2012. I still owe $11,300 with interest rate of 12.95% and monthly payments of $360. I’ve tried to refinance with my credit union and I was told the vehicle is too old. I even begged the lender (Chase [...]

Desperate in Dubai Over Car Loan With Friend From Philippines

My friend ask me to help him loan a car from our company. we are getting some discount if we purchase car from our company. I helped my friend because he is a good person and trusted as well. He is from India and I am from Philippines. in 2008, we took a car and [...]

My Late Husband Sold His Car But They Are Trying to Collect Money From Me. – Donna

“Dear Steve, My late husnand sold his car because he had cancer and could no longer drive and since then it has had a traffic offence, I had a call to say they were coming today to remove my house hold goods as i’m the wife its down to me to pay off the debt. [...]

What Happens to My Credit if I Make a Partial Car Payment? – Nicole

“Dear Steve, Just a curious consumer. I have paid partial payments on a car loan and I wondered what will reflect on my credit report. If I paid a partial payment on my loan can the loan company still report me as late on my credit report?also I was wondering if hypathetically I was say [...]

I’m Getting Calls From Two Lenders On My One Car Loan. – Nicole

“Dear Steve, Im a single mom who recently relocated from florida to Georgia after loosing my job.i moved hete to help lower the cost of living expence..i am on florida unemployment. A year prior to loosing my job I purchased a car from a small lot..i recieved financing at a rediculose intrest rate..3 months later [...]

What Are the Ramifications About Refinancing My Car Loan? – Jessica

“Dear Steve, I have a really high car payment and no income. The car absolutely cannot go back. I had to trade in two vehicles because I signed (not cosigned) for my mother in law to get a Smart car, and she died. My father in law did not want to keep making payments and [...]

I Need to Rebuild My Credit After Bankruptcy. – Dennis

“Dear Steve, I own a Honda Fit with around $58,000 miles on it and I have the title. I also just finished a Chapter 7 bankruptcy and so my credit is shot. I wanted to borrow against my title about $7,000 and make payments over 3 to 4 years in order to get back on [...]

My Job at the Hospital Didn’t Take Taxes Out of My Check. – William

“Dear Steve, My name William. I’m only 25 and have a bus load of debt!! I currently work at [xxxx] Hospital in Washington D.C. I make a realitively small amount of money ($11.75 per hour). I live with my younger brother who I have taken care of since our parents passed away approximately 6 1/2 [...]

We Fell Behind in Car Payments. Can We Settle the Debt and Keep the Car? – Patti

“Dear Steve, Purchased a car in 2006 for son in college. Made payments until last year and fell behind. Still have car and need to settle balance. We purchased a car for our son in college and fell behind in the payments. We owe 3980.00 total. After checking our credit report I see that they [...]

I’m a Teacher But I Can’t Afford My Toyota Camry Payment. – Sloane

“Dear Steve, I was a public school teacher until health problems forced me to quit teaching so therefore, I retired. The doctors have not given me clearance to return to work; so at the age of 61, I doubt that I will be unable to return. About six months before my health problems began, I [...]

What Can I Do About My Car I Can’t Afford Anymore? – Jared

“Dear Steve, About a year ago I had a great job selling life insurance making a lot of money(to me at least), wrecked my old car, so I needed to buy a new car. After awhile of thinking I had come to the conclusion that for my job I needed a nice car (for appearance [...]

How Can I Negotiate a Lower Loan Payoff on My Travel Trailer? – Mo

“Dear Steve, I had a 2008 brand new Travel Trailer. It was just “Totaled” by a hail storm. I was insured by GMAC. They claimed ” FULL RV REPLACEMENT” without depreciation. When I checked that route it wasn’t what was promoted by them (long story), so I took the cash settlement instead. This went directly [...]

I Have 3 Kids in College and Just Making It Month-To-Month. – Catherine

“Dear Steve, I am a single Mom struggling with putting 3 kids through college. Every year I seem to get further in debt. I am currently buying a used car through one of those ‘bad credit’ companies, and am getting raped financially. In order to pay tuition this fall, I stupidly (I know) let my [...]