Author Archives: admin

The Truth-in-Lending Act is your friend

Credit is the right to put off paying for something you get now.  Credit almost always costs money.  When you buy a car or a living room set in installment payments, you pay more than if you bought it for … Continue reading

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What I know about Elizabeth Warren

Even Doonesbury heroine Joanie Caucus is dying to know whether consumer champion Elizabeth Warren will run for the U.S. Senate.  Scott Brown’s campaign machinery can’t decide whether to tar her as a “liberal Harvard professor” or a carpetbagger from Oklahoma. … Continue reading

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Down payments: the good, the bad and the ugly

In discussing the predicament of my prospective client “Irene,” I opined that she made a mistake by giving the dealer a large down payment when she first agreed to buy her car.  But last week, discussing the high cost of … Continue reading

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Of payment schedules and gap insurance

To recap, we’ve been talking about my friend “Irene,” who bought a car she couldn’t afford, and then the dealer talked her into a second deal …. to pay even more money for a less valuable used car! When I … Continue reading

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With the benefit of hindsight…

To recap from last week:  first Irene got into a car deal that was too expensive.  When she went back to the dealership and asked them to help her get out of it, she wound up agreeing to pay three … Continue reading

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It’s a jungle out there!

I hate it when a client comes in with a problem I can’t solve. Just the other day I met a women I’ll call Irene, who was desperate for me to find a way to relieve her from an agreement … Continue reading

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