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Auto Purchase Goes Wrong and Leaves Widow Holding a Big Mysterious Debt

car loan

In North Carolina a case is meandering it’s way through the courts regarding the purchase of a Jeep and the resulting financial quagmire. If you have some free time to work your way through the document filed, you will wind up scratching your head. It’s confusing enough the consumer is named Hester and the car dealership was Vester but keep ... Read More »

Auto Loans to Become Growing Problem in 2014


TransUnion is out with their projections on the performance of auto loans for 2014. Their best guesstimate is the number of people 60 days or more behind is set to rise as more sub-prime borrowers are extended credit to buy increasingly expensive cars. “While we expect auto loan delinquencies to rise in 2014, they will remain well below levels observed ... Read More »

Beware of Stop Repair Bills for Auto Warranty Contracts Says BBB

Auto warranty businesses are still on the prowl for new “suckers”, I mean customers. The St. Louis BBB recently put out a warning message about one such company, StopRepairBills.com. The majority of the 200 complaints the BBB has received surround the issue that consumers feel they were pressured into signing agreements for service contracts that didn’t pay off. In 2008, ... Read More »

Credexx Barred From Selling Auto Warranties

Ready to Collapse

Service contracts sold by Credexx didn’t live up to the hype, Cooper says Raleigh: Auto service contract company Credexx and its owner are banned from operating for misrepresenting their products and services to North Carolina car owners, Attorney General Roy Cooper said Thursday. “My office hears frequently from consumers who pay for service contracts that don’t live up to the ... Read More »

Should I Lease My Next Vehicle?

Figure 1 - The Argument for Leasing

Searching for that perfect car or truck is not such an easy task anymore. Every auto dealer has a special deal just for you — and that deal is not all that easy to understand. Before you go shopping for your next vehicle, think about whether you want to lease or buy and make sure you understand both options. What ... Read More »

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