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 The CFPB found that Hyundai used manual and outdated systems, processes, and procedures to furnish …
Question: Dear Steve, I went to buy a new car, and trade in my new one even though it has negative equity, the value would still be higher. This is what I was convinced of and I couldn’t have been more wrong. They did inform me of everything concisely, it was a matter of misunderstanding. …
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 …
If you had one of those online title loans that was illegal in your state because the lender was not authorized to make loans in your state, today you’d want to live in Massachusetts. The Massachusetts Attorney General took action against an illegal online title loan lender and dispatched them. The AG office said, “Pursuant …
Question: Dear Steve, My husband did a pre-approval on an auto loan. He only gave his permission to pull out his credit file with one auto dealer whom he intends to purchase the car from. Found out from credit report – eight entities pulled out his credit file – simultaneously in two days! Putting a …
Buying a car can feel stressful enough, but when you have been through bankruptcy it may feel downright terrifying. No matter what the circumstances that led to your filing — large medical bills or a job loss, for example — you probably feel embarrassed and afraid that no one’s going to want to give you the time …
Ivory, one of our readers, bought a car at a dealership and drove it home. Fifteen days later, she received a letter saying that the loan had been denied. Here’s her story: Me and my mom were approved for an auto loan on 1/27 we signed all the paperwork even got the car payment bank …
“Dear Steve, I co-signed for my daughters car loan. She lost her employment at almost the same time I lost mine. The company called me a I returned the car back to them. After that I called to settle the account and they ignore all the letters, faxes and telephone calls. They want to settle …
Dena “Dear Steve, My husband bought a 07 Chevy truck he went to the bank with $9,000.00 cash money, he purchased a 07 Cheey Silverado with low mileage, which we have discussed however, when he visited the loan officer at the Bank she gave him a high interest rate with a Bank that would finance …
Nicole “Dear Steve, OKAY HERE IT IS…I had a payment arrangement with wachovia dealer services and they went back on there end..i spoke to Michael Tucker who told me if i cleared $690.00 by the end of jan my account will be fine and just start making regular payments and i will be ok..well i …
