The Hidden Government Programs That Can Slash Your Car Payment in Half
Download MP3Episode Description
Struggling with high car payments or owe more than your vehicle is worth? This episode reveals how Federal Trade Commission regulations can help you reduce your auto loan principal balance by identifying illegal dealer practices that may have inflated your loan.
Key Topics Covered:
- Underwater Auto Loans - What to do when you owe more than your car's worth and can't trade in or sell
- Principal Balance Reduction - How to lower the actual amount you owe on your vehicle loan
- Federal Trade Commission Guidelines - Government bulletin that outlines what dealers can and cannot do legally
- Deceptive Dealer Practices - Common illegal practices dealers use (sometimes unknowingly) that violate FTC rules
- Hidden Charges & Unauthorized Fees - How to identify charges that were added without your consent
- Liability & Refunds - How dealers must remove illegal charges and refund money from your principal balance
- Equity Recovery - Getting closer to positive equity so you can sell or trade your vehicle
- Government Protection Resources - How FTC regulations protect consumers from excessive underwater loans
Resources Mentioned:
- Federal Trade Commission dealer bulletin with complete guidelines
- Website instructions for identifying deceptive practices
- Link to government expectations for dealer consumer protection
Expert Consultation Available:
- Live one-on-one video consultations with licensed experts
- Licensed private investigator services
- Licensed commercial insurance broker
- Certified real estate title examiner
- Certified civil court mediator
- Licensed building general contractor
Get personalized advice for your specific auto loan situation at actualhum.com
