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Escape the Underwater Trap: How Strategic Loan Fee Cuts Can Flip Your Negative Equity

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Manage episode 494823926 series 2911349
Content provided by David Pelligrinelli. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by David Pelligrinelli or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

In This Episode:

  • Understanding Loan Fee Reductions - Learn how removing improper fees and charges from your loan can significantly reduce negative equity on your vehicle
  • Real-World Legal Precedent - Discover how the Consumer Finance Protection Bureau (CFPB) forced Titlemax to pay $10 million for unlawful title loans and illegal fee additions
  • Identifying Illegal Add-Ons - Explore how lenders illegally tack on extra fees for "useless products" that have no tangible value, potentially adding thousands to your loan balance
  • Federal Trade Commission Requirements - Understand the legal framework that prohibits lenders from adding fees for items with no practical or tangible value
  • Practical Negative Equity Solutions - Walk through a real example of reducing $10,000 negative equity (owing $30K on a $20K vehicle) through strategic fee removal and value optimization
  • Multiple Reduction Strategies - Learn how combining fee removal ($3-4K savings) with proper resale valuation ($2-3K improvement) can eliminate or drastically reduce negative equity
  • Lender Participation Options - Discover how lenders may help with remaining negative equity through refinancing or loan adjustments
  • Dealership Liability Considerations - Understand potential dealership responsibility in negative equity situations and how this can benefit your position
  • Getting Out From Under - Master the complete process to sell, trade, or escape from underwater vehicle loans and excessive car payments
  • Expert Consultation Available - Access live one-on-one consultations with licensed experts in loan mediation, investigations, insurance, and civil court processes

Key Takeaway: Strategic loan fee auditing and removal can save thousands of dollars and help flip your negative equity situation, making it possible to escape underwater vehicle loans.

  continue reading

2001 episodes

Artwork
iconShare
 
Manage episode 494823926 series 2911349
Content provided by David Pelligrinelli. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by David Pelligrinelli or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

In This Episode:

  • Understanding Loan Fee Reductions - Learn how removing improper fees and charges from your loan can significantly reduce negative equity on your vehicle
  • Real-World Legal Precedent - Discover how the Consumer Finance Protection Bureau (CFPB) forced Titlemax to pay $10 million for unlawful title loans and illegal fee additions
  • Identifying Illegal Add-Ons - Explore how lenders illegally tack on extra fees for "useless products" that have no tangible value, potentially adding thousands to your loan balance
  • Federal Trade Commission Requirements - Understand the legal framework that prohibits lenders from adding fees for items with no practical or tangible value
  • Practical Negative Equity Solutions - Walk through a real example of reducing $10,000 negative equity (owing $30K on a $20K vehicle) through strategic fee removal and value optimization
  • Multiple Reduction Strategies - Learn how combining fee removal ($3-4K savings) with proper resale valuation ($2-3K improvement) can eliminate or drastically reduce negative equity
  • Lender Participation Options - Discover how lenders may help with remaining negative equity through refinancing or loan adjustments
  • Dealership Liability Considerations - Understand potential dealership responsibility in negative equity situations and how this can benefit your position
  • Getting Out From Under - Master the complete process to sell, trade, or escape from underwater vehicle loans and excessive car payments
  • Expert Consultation Available - Access live one-on-one consultations with licensed experts in loan mediation, investigations, insurance, and civil court processes

Key Takeaway: Strategic loan fee auditing and removal can save thousands of dollars and help flip your negative equity situation, making it possible to escape underwater vehicle loans.

  continue reading

2001 episodes

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