I Was 10 Seconds Away From Getting Screwed by Best Buy

I once heard someone say there is never a great day to have a flat tire. So very true. But you can add this to the list, there is never a good day to have you eleven-year-old refrigerator crap the bed. Yes, our refrigerator greeted Tuesday by deciding that’s the day it would expire. It … Read more

My Kia Sucked and I Want It Off My Credit Report

Question: Dear Steve, Purchased new Kia several yrs ago (2005) Extended warranty was purchased for 100,000 miles. Transmission went out at 30,000 miles and the dealer would not honor the warranty. Told me I wasn’t driving correctly. No amount of discussion would do any good & they wanted $4,000 to repair. In pure frustration I … Read more

Misleading Extended Auto Warranty Mailers to Watch Out For

I’ve had a sudden increase in extended auto warranty mailers hit my desk recently. I’m not sure if this means there is an increase in selling these often worthless policies to unsuspecting consumers or more people are sending them in. If you don’t know about my I Buy Junk Mail program, you need to. Florida … Read more

3 Car Buying Financial Potholes to Avoid

Buying a car is a very expensive proposition. Besides buying a home – buying a car or truck is typically the second largest asset people purchase. And those car payments can really add up to a budget buster if you are not careful. There is no need to wind up paying more than you have … Read more

Don’t Be Fooled by This Vehicle Extended Warranty Mailer from Vehicle Protection Center

Update 4-10-2015: Lyle Cameron sent in an error report on this story and said, “This company is not a scam and only uses top administrators in the Vehicle Service Contract industry. Not to remove the post but to correct the information here and an apology from the creator for spreading information that isn’t true.” He … Read more

Extended Warranty Advice, New Student Loan Collection Tools, College Not Worth the Cost,

Resist the Extended-Warranty Pitch While you’re doing your holiday shopping, be prepared for the inevitable pitch to add a service plan, or extended warranty, to your purchase, especially if you’re buying electronics or appliances. Salespeople will tell you that a service plan gives you the peace of mind of knowing that any repairs needed after … Read more

Worthless Auto Warranty and Credit Card Interest Reduction Telemarkters Put Out of Business

The Federal Trade Commission put a robocall operation out of the telemarketing business under a settlement resolving FTC charges that it bombarded consumers with more than two billion calls pitching a variety of products and services, including worthless extended auto warranties and credit card interest rate-reduction programs. The final settlement order against SBN Peripherals, based … Read more

Should I trade in my vehicle or keep it and add extended warranty? – Janice

Hi, I am currently financing a 2004 BMW X3 and will be out of warranty in February 2012. I still owe $11,300 with interest rate of 12.95% and monthly payments of $360. I’ve tried to refinance with my credit union and I was told the vehicle is too old. I even begged the lender (Chase … Read more

Transcontinental Warranty Fake Auto-Service Warranties Lands Execs In Prison

After pitching $40 million in fake auto-service warranties two former telemarketing executives are sentenced to five years in prison and a fine of $15,000 each. Christopher Cowart and Cris Sagnelli of Florida pleaded guilty last December to federal fraud charges arising out of the telemarketing sales practices of Transcontinental Warranty, a Florida company selling so … Read more

Bullshit Extended Auto Warranty Robocaller Banned for Life by FTC

American consumers won’t be getting any more telemarketing pitches from robocaller Fereidoun “Fred” Khalilian, under a settlement reached by the Federal Trade Commission. Khalilian has agreed to be permanently banned from the telemarketing business in order to settle FTC charges that he and his company allegedly used pre-recorded robocalls to sell consumers auto service contracts. … Read more

My Car Has Been in the Garage for Six Years Because of Safe Auto Insurance

Hi, I have a judgement against safe data in the amount of $7,500.00 for over 3 yrs and have went through many channels to try to get my money, but to no avail. Please provide me with some assistance. Safe Auto I have a 2000 Jaguar I bought from Richmond Ca. for $27,500 cash. I … Read more

Vehicle Service Contract Marketer Engaged in Misleading Telemarketing

At the Federal Trade Commission’s request, a federal court has halted a Florida-based telemarketing operation that the FTC alleged was deceptively promoting so-called “extended auto warranties” to consumers nationwide. The court has issued a temporary restraining order against Fereidoun “Fred” Khalilian and his company, The Dolce Group Worldwide, LLC, d/b/a My Car Solutions. Khalilian is … Read more

Will Many Debt Settlement Marketers Start Selling Extended Warranty and Vehicle Service Contracts?

I have to tell you I have the greatest readers in the world. Before I even have time to find the next area of concern, generally someone sends it to me. If you have a tip you want to share, send it to tips@getoutoffdebt.org. Vehicle service contracts or extended auto warranties have come under fire … Read more