By Kenneth Long on July 18, 2010
.jpg.aspx) You agreed to a car payment of $419 a month for 60 months on a new car. It was the "best deal" available at the time, or so you were told by the finance manager who gets paid higher commissions when you agree to a more expensive loan.
Now that you are having trouble making your monthly car payment on time, you look for help from a "trusted" car loan modification company. The trouble is, these companies have some of the worst success rates of any industry.
Companies overstate their abilities everyday. However, car loan modification companies really take things too far. They make outrageous claims that match what their clients want, only they cannot deliver. This deceptive advertising draws in clients who are looking for help when they can no longer afford their car payments.
In order to give clients a fair chance at avoiding these scams, Debtors Unite has developed a targeted microsite aimed at those clients who are honestly searching for a way out. It is our responsibility to make sure that we at least give these clients a chance at finding objective information from a reputable source before they risk losing what might be their most valuable asset to repossession.
Our new site provides information on help with car payments; an honest explanation of options for good people who got in over their heads. We want to make sure that each driver understands that those companies cannot prevent a repossession. Instead, they hope to collect a few hundred dollars for deceiving you, stealing your car payment and leaving you to fend for yourself when the repo man comes to take your car.
You can find out more about loan modification scams and ways to avoid repossession by visiting the site. Sometimes we find that we have to think about how people look for help, and our new site aims to find a spot in the mix of search results that debtors will find as they try to find a way out. We know that we cannot help everyone, but if we help a few, then we have done our job.
Of course, you can always get objective information about your financial situation by speaking with a financial counselor through Debtors Unite. To begin your session, contact us today.
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