Consumer beats Midland Funding in Two Ways

Auto Fraud Legal Center obtained a victory over Midland Funding, LLC for Sue Zelenitz. Midland Funding sued Ms. Zelenitz for $7,948.58 based on a debt allegedly owed by Ms. Zelenitz to First Consumers National Bank. San Diego County Superior Court Case No. 37-2008-00077880-CL-CL-CTL. Midland Funding, LLC claimed to own the …

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Capital One Agrees to Pay for Improper Repossessions

WASHINGTON (AP) — The Justice Department says Capital One has agreed to pay $12 million to resolve allegations the bank violated special protections in federal law for members of the military.
The government says Capital One wrongfully foreclosed on some homes and improperly repossessed some cars. In addition, the government says …

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Dealers Across the Country Make Record Profits From Their Finance Departments

http://wardsauto.com/site-files/wardsauto.com/files/uploads/2012/07/UsaDe11_2012.pdf Galpin Ford (#1 on the list) made $17,053,723 in Finance and Insurance revenue on 9,527 total vehicles sold. This equals an average of $1,790.04 in F&I revenue per vehicle.
Strickland Chevrolet (#119 on the list) sold the least number of vehicles of any dealer on the list. They made $4,315,886 …

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Used Car Buying Tips from CARS

http://carconsumers.org/usedcarbuyingtips.htm 1. Either save your money and pay cash or join a local credit union and establish credit
2. Find the best cars in your price range
3. Decide what make, model and year of car is the best deal for you
4. Check online sites or local newspapers
5. Choose a car offered …

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Shady Car Dealers Targeting Military Buyers

http://lifeinc.today.msnbc.msn.com/_news/2012/05/31/11959202-shady-car-dealers-targeting-military-buyers?lite Holly Petraeus, director of the Office of Servicemember Affairs at the Consumer Financial Protection Bureau, warns military personnel to be on guard when they walk onto a car lot.
“You have these car places that spring up around military installations selling used cars for a very marked-up price and then …

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