Tag Archives: TILA

Target shoppers, don’t panic!

Posted on December 24, 2013 by Deborah Roher

So, maybe you are among the 40,000,000 Target shoppers whose credit and debit card accounts have been compromised by a security breach that took place over the three weeks after Thanksgiving.  In response, consumers are being warned to do everything … Continue reading →

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Dealer won’t pay the two (thousand) dollars… ordered to pay $37,881.38

Posted on November 21, 2011 by Deborah Roher

Representing victims of bad car deals often brings to mind that old vaudeville routine with the punch line,  “Just pay the $2!” * These cases often start out as disputes over relatively little money.  The customer typically learns that the … Continue reading →

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The Annual Percentage Rate: the real cost of credit

Posted on October 17, 2011 by Deborah Roher

The other conspicuous disclosure on every Truth-in-Lending disclosure form is the Annual Percentage Rate, or APR.  Expressed as a percentage (%), the APR is defined as “the cost of your credit as a yearly rate.” Behind this seemingly simple definition … Continue reading →

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The Finance Charge: your “price tag” for credit

Posted on October 10, 2011 by Deborah Roher

On every TILA form two disclosures are especially conspicuous, printed in larger and bolder type than the others:  the Finance Charge and the Annual Percentage Rate (APR).  The Finance Charge, expressed in dollars and cents,  is defined as “the sum … Continue reading →

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The Truth-in-Lending Act is your friend

Posted on September 26, 2011 by Deborah Roher

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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Of payment schedules and gap insurance

Posted on July 11, 2011 by Deborah Roher

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…

Posted on June 27, 2011 by Deborah Roher

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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