The Expert Podcast

• Common Auto Refinancing Scams
  • Many companies claim they can lower your car loan payments through refinancing, but this is often a scam.
  • The Federal Trade Commission (FTC) has valuable information on how to recognize and avoid these scams.
• How the Scam Works
  • Scammers promise lower monthly car loan payments.
  • They instruct you to stop making payments to your lender and instead pay them directly.
  • They claim to have special relationships with lenders—this is false.
  • In reality, you can negotiate a loan modification yourself without a third party.
• What You Should Do Instead
  • Never stop making payments to your lender.
  • If struggling, consider options like:
    • Loan modification (pushing missed payments to the end of the loan).
    • Short sale (lender takes back the vehicle and forgives part of the loan).
  • Avoid repossession—it may leave you owing more through a deficiency judgment.
• Selling Your Car Instead of Refinancing
  • Take control of the sale process.
  • Sell your car yourself via platforms like eBay, Craigslist, or Facebook Marketplace.
  • Get multiple bids to maximize your selling price.
• Get Expert Advice
  • Access live one-on-one consultations with licensed professionals, including:
    • Private Investigator
    • Insurance Broker
    • Real Estate Title Examiner
    • Civil Court Mediator
    • Building General Contractor
  • Click the link below to book a session and get expert advice tailored to your situation.