Myth #10 – If I buy a used car from a dealer, which breaks down, I may sue the dealer under the lemon law.

Each state has its own lemon law. In Texas, the lemon law applies only to the purchase of new vehicles. The lemon law remedy is an administrative remedy and is a remedy against the manufacturer of the vehicle. To make a claim under the lemon law in Texas, the claim must be filed in Austin. 

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CFPB in Dallas on Arbitration

Yesterday, the Consumer Financial Protection Bureau conducted a public hearing taking testimony on arbitration. The CFPB is considering issuing rules on arbitration and perhaps considering whether binding pre-dispute mandatory arbitration clauses in consumer contracts should be forbidden or regulated in some way. Many people attended and submitted remarks on arbitration. The CFPB had also been 

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How to Learn About Credit

How do I learn about my credit? How do I learn what my credit history is? How do I learn what my credit score is ? What makes up my credit history? How is my credit scored? What should I do to have a good credit rating? What do I do if I find a 

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Credit Card Lawsuits and the New Justice Court Rules

Justice Courts (Small Claims Courts) have jurisdiction to hear claims brought up to $10,000. On August 31, 2013, a new set of rules applicable to Justice Courts became law. The rules were published and mandated by the Supreme Court of Texas. Under the new rules, in small claims court, the Court is not bound by 

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What Happens if My Car is Repossessed?

In Texas, secured creditors are allowed to repossess their collateral (your vehicle) without a court order as long as they do not breach the peace. Secured creditors (your finance company or bank) are not required to give advance notice of intent to repossess. There is no set waiting period before a secured creditor can repossess 

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Clean Credit Report but Denied Credit

What if your credit report shows all your accounts are in good standing but you are being denied credit? The lenders tell you the decision is made because of a lot of negative information on your credit report. None of that shows up on the credit report the credit bureaus sent you. This scenario is 

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Read the Fine Print

If you sign your name to a contract, you are bound by the terms of that contract. So, how often do you actually read what you are signing, BEFORE you sign it? Based on some of the calls I get, not many people. I would not say you will never be able to bring a 

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Credit Card Company “Filed a Judgment” Against Me

Words I have heard from clients many times. What those words mean to the client as opposed to me, are two very different matters. Most people are calling because they think what has just happened to them is the end. In fact, it is just the beginning. Upon questioning, what has usually happened is they 

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Why a Carfax Report is Not the Complete Answer

You see the reports on TV almost every night. Check the Carfax. If it is clean, you are in the clear, right? I would not be so certain. A CARFAX report is not comprehensive and it usually does not contain the most up to date data. CARFAX gets no accident data from insurance companies except 

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Credit Card Lawsuit and Your Credit Report

What affect does being sued by a credit card lawsuit have on your credit report? Credit card lawsuits are not reported, per se, on a credit report. The debt upon which the lawsuit is based is probably already on your credit report. If the lawsuit is filed by a debt buyer, how it is reported 

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