Today, the Consumer Financial Protection Bureau (CFPB) took action against a web of corporate entities operating under TMX Finance, broadly known as TitleMax, for violating the financial rights of military families and other consumers in providing auto title loans. The CFPB found that TitleMax violated the Military Lending Act by extending prohibited title loans to …
Roadside assistance plans can help you to rest easy, knowing that you have a company to call and rely on should your car break down on your journey. But are roadside assistance plans worth the money? It can be challenging to make financial decisions based on what might happen, so this guide is designed to …
Owning a vehicle is getting more expensive. Apart from the actual car payments, rising fuel costs, and toll fees, you also have to pay for insurance coverage. In most states, minimum third-party liability coverage is required by law. But according to USAA auto insurance reviews, most car owners also opt for more comprehensive insurance coverage …
No matter how well you take care of your car, it will need repairs and parts replacements during its lifespan. Taking your vehicle out on the road places stress on its components. It will degrade and depreciate as time goes on. Because major automotive repairs can cost you, it’s best to set aside an emergency …
The Consumer Financial Protection Bureau (CFPB) is moving to thwart illegal repossessions in the heated auto market. A compliance bulletin issued today reveals conduct observed during CFPB examinations and enforcement actions, including the illegal seizure of cars, sloppy record-keeping, unreliable balance statements, and ransom for personal property. “With today’s high car prices, auto lenders and …
If you’re planning to lease a vehicle, you must get a comprehensive car insurance policy. Some people think that they don’t have to get insurance for a leased car because they don’t own it in the first place. But you need to be insured when you’re driving a vehicle, whether you own it or not. …
Having bad credit, regardless of the reason, is a difficult financial situation to be in. Many aspects of your life are affected by your credit rating. Often, it can feel like you cannot escape that score. Getting car insurance with bad credit is just one area that may be a bit of a struggle. Why …
Even if you plan to get a loan, you may not want to get one for the full amount. Generally, the more you can put down on a car, the less you’ll need to borrow, the lower your interest rate, and the lower your monthly payments will be. While saving up a sizeable down payment …
The following information guides you through dealing with a car lost through repossession. It is critical that you understand if your vehicle is repossessed, the car will be sold at a dealer price at auction. You will be responsible for the difference you owed on the car plus repossession expenses minus the meager sales price. …
Question: Dear Steve, I am upside down on my Nissan financial loan – I owe 17,000 – 2017 Altima is worth about 5000 per my research – payment is 560 month – I am 63 yo – I am no longer concerned about my credit – I get widow benefits from social security and on …