Today, the Consumer Financial Protection Bureau (CFPB) penalized Hyundai Capital America (Hyundai) for repeatedly providing inaccurate information to nationwide credit reporting companies and failing to take proper measures to address inaccurate information once it was identified between 2016 and 2020. The CFPB found that Hyundai used manual and outdated systems, processes, and procedures to furnish …
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. …
Question: Dear Steve, I am currently leasing a 2015 Kia Sorento AWD v6 EX. My payments are huge and it is putting me in financial trouble with my other obligations. My lease is over in 5/14/17 and I currently pay 868.63?mo. I have 56,000 miles on the vehicle. I have asked KIA Finance if it’s …
“Dear Steve, We have been through the ringer, especially the past couple of years and have resolved to go through bankruptcy so that we can get back from minimum monthly payments to saving. My question is, what is the best way to handle car leases in bankruptcy. We have 2 leases and after looking at …
“Dear Steve, Have a upside down car sitting in my garage and cannot decide which way is best to get rid of it? I have a ML 350 that I am leasing for $674 per month. My lease is up 3/15. My husband has a Jeep Wrangler that we pay $405 per month. He owes …
“Dear Damon, My mother is 84 years old she cannot drive the car she leased any longer what are her obligations to the cadillac dealer for the remiaining payments she also has minimum income…she has a letter from her doctor that she can longer drive due to her arthritis. please advise..does she need to pay …
