The Expert Podcast

So, if you are struggling with an excessive automobile loan where your payments are too high, and especially if you owe too much on the vehicle, where you owe more than it's worth and you can't trade it in, you can't sell it. What you may want to look at is reducing your principle, meaning that you lower the amount you owe on the car. How can you do that?

Well, the Federal Trade Commission has a bulletin that tells dealers how to avoid being a scammer. It tells the dealers what things they can do and not do under their rules. The thing is, if you can find that the dealer did some things that were basically not allowed, and sometimes the dealer doesn't even know they're doing it, they're called deceptive practices and they're illegal.

And you will be back in your video in just a few seconds. In the meantime, remember that actualhum.com offers you live one-on-one private video consultation with an expert in this exact subject. We want to listen to your story. We want to hear your questions. We want to give you expert advisement of your options and tell you what we know about your particular situation. Now, back to your video.

If they added on hidden charges, if they added on different types of um balances that were not uh accepted by you, they can be liable and have to remove those and refund those from your principal balance. And what'll happen is if you can find those and get them deducted from your loan balance, you may be closer to being able to sell or trade in your vehicle. You won't be so far out of equity. You won't be upside down or buried in the vehicle as much.

Our website will give you some instructions on how to do this. We'll also have a link to this Federal Trade Commission bulletin, which tells you exactly what the government expects dealers to do in order to protect consumers and not have them be excessively underwater on their car loan.

Thank you for watching. Remember, you can access live one-on-one personal consultations with a licensed private investigator, a licensed commercial uh insurance broker, licensed certified real estate title examiner, also a certified civil court mediator. So, if you have a need to talk to an expert in any of these fields or even a licensed building general contractor, you can click the link below, actualhum.com, and arrange a live one-on-one undivided attention with a licensed expert where you can ask any questions, get information about your situation, and we'd be glad to.