You've probably heard of what I've heard called the Pottery Barn Rule: "You break it, you bought it." Something similar applies to repossessors and banks. If the repossessors damage the vehicle or any property during the taking of the vehicle, then they are liable for...
In an earlier post we wrote that collection agencies must adhere to a strict code of rules. When they do not, they could find they are paying the debtor monetary damages. Readers may be surprised to learn however, that much of the time debt collectors hired by federal...
The New York Times ran an excellent expose about how corporations and the super wealthy, and their high-priced amoral attorneys, have corrupted the system. The article details the hidden story behind the ever-present Forced Arbitration Clauses slipped into almost all...
Too many dealers will do anything to make a sale. Especially a financed sale. Including coaxing folks into fudging credit applications. I received several calls this week regarding this terrible form of Dealer Fraud.A large franchise dealer had coaxed one consumer to...
Readers are likely aware of the important role credit reports play in most peoples’ lives. Among other things, a poor credit score could make it difficult to secure loans for large purchases such as cars and homes. It could even impact your ability to get a job....
I received another call today about the failure of airbags to deploy during a significant front-end accident. The frontal airbags had not deployed during a moderate to severe accident that destroyed the front-end. My first thought was that the vehicle was probably...
This blog is probably long overdue. I talk to numerous consumers everyday about their misadventures with car dealers. There is one very important thing that too many consumers fail to grasp - actually a couple of things.First, if the claim or complaint involves...
Discovering that you have been the victim of identity theft can be a crushing thing. Such a discovery can leave a person feeling violated and extremely worried about what ramifications the theft will have for them.There are all sorts of hassles and difficulties...
On October 1, 2015, the Consumer Finance Protection Bureau (CFPB) announced a Consent Order with Westlake Services and Wilshire Consumer Credit. Under the terms of the Consent Order, Westlake/Wilshire will pay $44.1 million in relief to consumers. This is a fantastic...
If you owe creditors money, you probably are upset about it. Most of the time people find themselves in that situation because they are unable to make the payments. When creditors start calling, asking about what is owed, it can make an already difficult situation...