“Yo-Yo” Car-Dealer Scams Rig the Game, Push Buyers into Bad Loans, New CRL …

Center for Responsible Lending
April4,2012

Car dealers often target consumers with poor or no credit for yo-yo scams, a new CRL report demonstrates. Yo-yo scams occur when a dealer leads a car buyer to believe financing is final, says CRL senior researcher Delvin Davis, author of the report, Deal or No Deal: How Yo-Yo Scams Rig the Game against Car Buyers. The dealer lures the consumer back to the dealership, claims the financing fell through, and then pressures the consumer to agree to a new loan at a higher interest rate. For the full report go to: http://rspnsb.li/yo-yo-scams.

The report also found that dealers involved in yo-yo scams frequently use coercive tactics to force...

Melting snow uncovers variety of pet hazards

Our dog cut his paw on a broken bottle while running and playing at our local dog park last week and we ended up taking him to our vet for stitches. Could you remind owners about the increased hazards that our pets are exposed to during the spring?

You are absolutely correct when you say that pets are at an increased risk of getting into trouble in spring. During the winter months, the snow can hide a lot of hazards, such as broken glass and sharp pieces of metal. When the snow disappears, the problems appear, and veterinary hospitals experience a significant increase in medical problems.

Probably one of the biggest problems is the accumulation of feces, garbage and dead things...

Bad Credit? Don’t Worry About It — US Auto Dealers Aren’t!

American car buyers are becoming bigger credit risks these days, and that has two significant implications — one for vehicle purchasers, another for dealers.

The credit-worthiness of vehicle buyers dropped significantly during the first two months of 2012, down to an average FICO score of 725 from a peak of 737 at the end of 2009, according to research just released by JD Power amp; Associates. This played a huge role in a very recent decline in the average retail transaction price of a new vehicle, which slid to $27,953 at the end of February from an all-time peak of $29,223 in the fourth quarter of last year.

Broad availability of credit long has been a crucial lubricant...

Sharjah to shut down workshops modifying cars

Sharjah: Car mechanics who modify engines to produce a louder and meaner sound are squaring off with police who are looking to enforce a new law aimed at silencing motorists who break the sound barrier with their noisy car exhaust.

Shop owners say police are permanently confiscating cars and quad bikes belonging to motorists from their garages. Senior police officials, however, deny the claim.

The showdown stems from a decision taken recently by authorities to close down any workshop in Sharjah found to involved in modifying exhaust systems of cars or fixing other fittings which enhance the sound of the vehicles engine.

Owners of garages claim that Sharjah Police are closing...

A Brief History of Pet Transportation Makes Romney’s Dog-on-Roof Method Seem …

Last Monday night, Mitt Romneys wife, Ann, discussed a scandal that has been plaguing her husbands campaign: During road trips with his family of seven in the 1980s, her husband used to habitually strap their Irish Setter, Seamus, to the car roof in a crate.

He would see that crate and, you know, he would, like, go crazy because he was going with us on vacation. It was, to me, a kinder thing to bring him along than to leave him in the kennel for two weeks, she says. Sawyer brings up the fact that, during one twelve-hour sojourn with the family in 1983, Seamus got diarrhea and his poop dripped down the rear window, much to the delight of his five young sons.

One of them repeated...

Children pay the price of Syria’s conflict

Thousands of children are among the refugees who have escaped to Lebanon from the violence in Syria. They feel more safe across the border but the scars of their ordeal remain, reports Zoi Constantine, Foreign Correspondent

TRIPOLI, LEBANON // Every morning when the school bus stops in front of their building, Abu Adils three youngest children rush outside from their ground-floor flat.

But they dont have backpacks slung over their shoulders. Instead, they watch as their friends and neighbours board the bus, then they wave goodbye.

Tamer, 12, Dalal, 10, and Asma, 8, have not been to school in more than a year.

They are among thousands of Syrian refugees who have...

Ellie Mae’s New Origination Report Reflects Tightening Credit Standards

A new monthly report on the state of the mortgage origination market has been initiated by Ellie Mae, a company which provides software and a mortgage origination network to mortgages originators. The first report reviews and compares data amassed from loan applications in its database, for the months of August and November 2011 and February 2012. Ellie Mae states that there were two million loan applications processed through its systems in 2011 and the survey is based on a 33 percent sample of those applications.

The report outlines the characteristics of the loans for each of the three months. Because of the volume of data contained in the report, we will summarize figures for February...

The Secret To Germany’s Low Youth Unemployment

For as long as he can remember, German teenager Robin Dittmar has been obsessed with airplanes. As a little boy, the sound of a plane overhead would send him into the backyard to peer into the sky. Toys had to have wings. Even today, Dittmar sees his car as a kind of ersatz Boeing.

Ive got the number 747 as the number plate of my car. Im really in love with this airplane, the 18-year-old says.

Less-than-perfect school grades dashed Dittmars dream of becoming a commercial pilot. But they were good enough to earn him a coveted apprenticeship slot with Lufthansa Technik, the technical arm of Europes largest airline, responsible for aircraft maintenance and repair across the globe.

One-third...

Credit Card Debt Relief Without a Debt Consolidation Loan – DebtConsolidation …

NEW YORK, April 19, 2012 /PRNewswire via COMTEX/ –
Finding the best debt relief solution is not always a simple task for consumers deep in debt. A wide range of options is available to help get through those tough times, which makes it hard to make a decision about the best solution. Fortunately, DebtConsolidation.com is working for those who are striving to find a way to consolidate without taking out a new loan or struggling with bad credit.

Avoiding the Consolidation...