The Exploitation of Consumers by Car Dealerships Selling Overpriced Lemons at High-Interest Rates

The Exploitation of Consumers by Car Dealerships Selling Overpriced Lemons at High-Interest Rates

By Esther Claudette Gittens The dream of car ownership often turns into a financial nightmare for many unsuspecting consumers. Across the United States, predatory car dealerships exploit vulnerable buyers by selling overpriced vehicles, commonly referred to as “lemons,” financed through high-interest loans. These practices often lead to financial ruin for consumers, culminating in bad credit […]

How Bankruptcy Impacts Your Credit Score and How Long It Lasts

How Bankruptcy Impacts Your Credit Score and How Long It Lasts

Editorial credit: Andrey_Popov / shutterstock.com There are two primary types of bankruptcy for individuals: Chapter 7 and Chapter 13. Both have different processes and implications for debt discharge, and they affect credit scores differently.  Chapter 7 Bankruptcy: This involves the liquidation of non-exempt assets to repay creditors. It typically remains on your credit report for […]