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Little Old Lady blues

I just caught a case of the Old Lady Blues.

In about one month I've had an old lady on my butt about what seems to be a bad car-buying mistake. She bought the car from a dealership -- not in Wichita Falls -- but ended up not wanting it.

She's called me twice with the same desperate adage. She doesn't really know what to do, but she's called asking for advice.

I told what I could, but I don't really deal with many financial crimes. She lives outside of Wichita Falls and bought the car in a surrounding county.

The car dealership is giving her trouble because she signed a contract. She said she couldn't get financed for the car initially, but they went ahead and got a loan out of Kentucky for what amounts to about $3,000 more than the car's worth.

She drives it for a little while, then she takes it back. She goes out of town and when she returns the car is in her driveway.

So she has it towed back to the company that financed the deal. And now she is where she is today.

I told her what I think is sound advice -- mainly avoiding bankruptcy because of it.

If anyone has had a car dealer do something similar give me a call. It might be a bigger problem than I realize.

That was a running complaint on my part. I wish her the best. It doesn't seem like she's got much family to help her out.

Posted by Clayton Hein at 8:54 AM | Permalink | Comments (0)