I really hate parting with money for cars. Most new cars are just an asset worth significantly less when you drive it off the lot. Then they lose a lot of value every year. So much so that many owe more on their cars than they are worth. For many years, I’ve recommended to people … Read more
Question: Dear Steve, In 2010 I returned a 2008 armada due to loss of income because spouse became unemployed. In 2018 I received a 1099 c for $12,000. IRS has sent a letter telling me that I might owe them $2600 for the cancellation of debt. Is there any way to get around this because … Read more
Idaho consumers who bought vehicle service contracts from Missouri-based US Fidelis may receive refunds, Attorney General Lawrence Wasden announced. Wasden and 11 other state attorneys general reached an agreement with US Fidelis, a vehicle service contract dealer that routinely misled consumers before shutting down and filing for bankruptcy in 2010. The agreement, which has been … Read more
Tony “Dear Steve, Between me and my wife we have over $70,000 in credit card debt. we spoke with a lawyer for chapter 7 to eliminate them . however i have 1 vehicle and my wife has 2 , they are clear with no payments on them . by law we aour only covered for … Read more
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