Investment Riches Built on Subprime Auto Loans to Poor

Investment Riches Built on Subprime Auto Loans to Poor

The examinations, which began this summer after a front-page article in The Times reported on potential abuses in subprime auto lending, are modeled on the federal investigation into the sale of mortgage-backed securities — an effort that has already …

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12 OYS: Discount Automotive defends claims of unscrupulous practices

"I got my little income tax money back and I went to, I had to buy me a car so I can, I had to get around," said Doolittle. The Better Business Bureau gives the company an F rating. some complaints alleged Discount Automotive repossessed their cars …

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2015 GMC Sierra 1500 Review

The GMC Sierra 1500, with its impressive all-new 6.2-liter V-8 and eight-speed transmission, finished a close second (just behind the Chevrolet Silverado 1500) in our http://ift.tt/1ukbxfY 2015 Light-Duty V-8 Challenge. Although we've driven …

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Charlotte car dealer must end unfair loans based on race, pay consumer relief …

“All consumers deserve to be treated fairly when they buy a car,” Cooper said. “We hope this case sends a strong message that car dealers cannot use race when targeting buyers with overpriced cars and oppressive loans.” The settlement resolves a …

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Private companies know where you've been, thanks to license plate cameras

It makes a repo man's job of fishing for cars in a vast sea easier. "Every repo company either has them or is considering … Insurance companies, for instance, can buy access to the license plate scans. Car insurance companies, Lynch said, could see …

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Foreclosure differs from repossession of a car

A. Maybe you're thinking of repossessed cars — I don't know how that works. But in real … Proceeds from the auction sale will be used to pay the house's debts — any overdue taxes, legal costs of foreclosure, and — if there's enough — what's owed …

Read more on Chicago Daily Herald

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