Debt Aid Consulting- Itama po natin!


By Ben Lou

Q: I saw this person on TV advice that it is better to buy a used car than a new car and I did so.  I bought a used European car.  Now the car stopped running and I do not have the money to fix it.  What are my remedies?

A: I guess this answers the question “Should I believe everything I see on TV?”  You should always take people’s advice on television with a grain of salt.  Though it may apply to some people, it may not apply to you.  The “so called” advice is more of a general advice and is not to be taken as bible.

Always remember, the person who shows himself on TV pays for that segment for the station to show.  So in order for the general public to buy in to what he’s saying, he has to make it believable.  You must always look for disclaimers or fine prints.  Disclaimers and fine prints are ways out for the advertiser’s advice from being taken as bible.

It may be that when he actually went to buy his vehicle, he tried to get a new one but was not approved because he did not have enough credit history.  It may be that he did not have enough down payment for the new car and had to settle for a used one.  It maybe that he cannot make the monthly payments for a new car.  Whichever the case may be, if it applied to him, it does not necessarily apply to you.

Now!  Let’s talk about your problem.  If you have this towed to a dealership to trade it in for a different car, you will most likely not have much leverage as far as price for your trade in vehicle since it is inoperable. If I were you, I would borrow money from a friend or relative to get it fixed so I can at least drive it to the dealership and trade it in.  That’s if I were you.

Another option is to return it to the dealership as a voluntary repossession but that will leave you without a vehicle which you can have repaired, if you borrow the money.  Another down side with voluntary repossession is they will charge you for the difference between the sale price and your car loan.  This will also affect your credit score and history negatively.

If you choose to return it, you can enroll the difference into one of our programs so that we may settle it for much less than they want.  This is not my favorite answer to your problem but there are very limited options for your situation.

The lesson is to follow what you feel is right for you.  Though the advice of other people may seem right, it may not be the right answer for you.  Ask for more than one advice.  An experienced advisor will always give you more than one option and it will always be up to you to pick the right one.

Ating lesson, Ang isip ay gamitin para ang ating pera ay di mabitin.

If you need help in getting out of debt, call Debt Aid Consulting International.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 35 years of financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting International.  We do not use call centers. No one has the right to put your information at risk.

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