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 …
Yesterday the Consumer Financial Protection Bureau (Bureau) issued a consent order against Santander Consumer USA Inc. (Santander) to address the Bureau’s finding that it violated the Fair Credit Reporting Act (FCRA). The consent order was issued in connection with Santander providing erroneous consumer loan data to consumer reporting agencies (CRAs). Santander, a subsidiary of Banco …
Question: Dear Steve, I have 2014 Nissan Sentra that I’m still paying Ally Financial. I owe them about $8,000. At the moment I am out of work due to a work-related injury. I’ve missed two payments and I called Ally trying to see if I can get an early payoff but they want me to …
the Consumer Financial Protection Bureau (Bureau) settled with Lobel Financial Corporation, an auto-loan servicer based in Anaheim, California. The Bureau found that Lobel engaged in unfair practices with respect to its Loss Damage Waiver (LDW) product, in violation of the Consumer Financial Protection Act (CFPA). When a borrower has insufficient insurance, rather than force-placing collateral-protection …
Here’s the short answer. Yes, you can buy a car with a credit card. The better question may be whether or not this is the best way for you to purchase your vehicle — and this post will take you through the pros and cons of this method of car buying, as well as provide …
An investigation by Motherboard has published details on how state Department of Motor Vehicle (DMV) offices are selling data that is of a benefit to private investigators, collectors, and skiptracers who are looking for people. I think many would assume the data you give to your state government DMV is secure but apparently it is …
Question: Dear Steve, I have a 2008 Chrysler Sebring I bought from CarHop that is in every way a piece of junk. I haven’t driven it in over 3 months as the transmission is out after getting replaced just recently. I want out of the loan, I mean out. I want them to take back …
The Urban League has put out a great interactive tool that shows debt in America. When you look at the maps showing the most amount of different types of debts, there is a strong correlation between those parts of the country where medical or auto loan debt is higher than average. The darker the color, …
Question: Dear Steve, I purchased from Drivetime in July 2015 a 2008 Ford. When I purchased the vehicle I asked for a bumper to bumper warranty that covers everything because I’ve had vehicle problems before not covered. They assured me the warranty I purchase covers everything, including even a burned out tail light. My Bad, …
Attorney General Josh Stein recently announced the Department of Justice has resolved a lawsuit against predatory auto title lenders in North Carolina. Liquidation, LLC made illegal loans to more than 700 North Carolinians under many names and charged interest rates of 161 percent to 571 percent, which far exceed legal limits in North Carolina. Loan …