Toyota launches another massive recall on Thursday over a safety issue of brake fluid leaks. This time Toyota is not alone. Honda keeps it company over the same issue. Toyota, the world's largest car manufacturer is going to recall 1.53 million 2005 to 2007 model year cars globally. Most of the models affected are in the United States and Japan. The recall affects 728,544 cars in the US alone and 599,000 in Japan are affected. According to Toyota Canada nearly 29,000 vehicles get affected in Canada by the voluntary recall. Thursday's recall affects the 2005-2006 Toyota Avalon, 2004-2006 Toyota Highlander and Lexus RX 330, and the 2006 Lexus GS300, IS 250 and IS350 about brake fluid and fuel pump problems. Honda plans today to officially file with regulators its recall of certain 2005-07 Honda Odyssey minivans and Acura RL sedans.
This recall is aimed at fixing an issue with a rubber seal that can degrade and cause brake fluid to leak. This leak can weaken the power of its brake. Toyota feels that a "possibility" of the brake fluid slowly leaking out of the brake cylinder in the vehicles. Drivers will get an early warning of the problem when the 'low brake fluid' warning light flashes. In its news release Toyota warns that a low fluid level could eventually lead to declining braking performance, Both Toyota and Honda said they have no reports of accidents, although Toyota said it found 14 instances in which the leak occurred. A Toyota spokesmen has admitted that their cars in Japan and elsewhere have an electrical problem with the fuel pump, which could stall the engine. So far this kind of problem has not been reported in the US.
Read Full : http://www.yourlemonlawrights.com/blog/post/2010/10/22/Toyota-and-Honda-launch-recalls-for-the-same-issue-over-brake-fluid-leaks.aspx
Friday, October 29, 2010
Is recession a reason to stop paying your bills?
Like it or not, if you have a credit card and have spent on it, you are a debtor. You have to repay what you have spent and not paying attracts debt collectors calling you. The recession in the recent years or the sky rocketing cost of living are not reasons for not repaying debts. Typically, debt problems have not fallen from the far and wide sky but are a making of your own bad spending habits, unemployment and credit card theft.
Whatever your reasons for ending up in credit card debt are, you are entitled to a fair collection of debt under the Fair Debt Collection Practices Act (FDCPA) enforced by the Federal Trade Commission (FTC). You may consider the following options to eliminate debt.
The first option to consider when you are unable to pay debts is to talk to your creditors directly. A direct conversation is always appreciated. Seek debt reduction rates and negotiate to as low a rate as possible that would lead to lowered outstanding balance to be paid over a period of time. During such negotiations you may get a chance to set your own debt reduction rates.
Read Full: http://www.westopdebtcollectors.com/blog/post/Is-recession-a-reason-to-stop-paying-your-bills.aspx
Whatever your reasons for ending up in credit card debt are, you are entitled to a fair collection of debt under the Fair Debt Collection Practices Act (FDCPA) enforced by the Federal Trade Commission (FTC). You may consider the following options to eliminate debt.
The first option to consider when you are unable to pay debts is to talk to your creditors directly. A direct conversation is always appreciated. Seek debt reduction rates and negotiate to as low a rate as possible that would lead to lowered outstanding balance to be paid over a period of time. During such negotiations you may get a chance to set your own debt reduction rates.
Read Full: http://www.westopdebtcollectors.com/blog/post/Is-recession-a-reason-to-stop-paying-your-bills.aspx
Business debts are not covered under the FDCPA
The Fair Debt Collection Practices Act (FDCPA) has guidelines enforced by the Federal Trade Commission (FTC) to regulate and ensure fair debt collections. This act came into existence to address consumer complaints of overly aggressive and abusive behavior by debt collectors. Any personal or household debt that is not related to a personal or family owned business is covered under this act. This includes money owed for personal loans, auto loans, mortgages, credit cards and medical bills. Unfortunately,the FDCPA guidelines do not apply to your business debts. Understanding the FDCPA guidelines can shield you from many troubles and strengthen you with the information to report violations of the act.
Third party debt collection agencies and debt collectors employed by these agencies are guided by the FDCPA guidelines. There are some debt collectors, whose activities are not restricted by the FDCPA guidelines. The parties who are excluded from the Act are:
* In-house collection agents i.e. the creditors who collect their own debts
* Banks that collect their own debts
* Certain credit card companies
In all this a debt incurred for a business purpose and the debtor who incurred the debt for business purpose are not protected by the FDCPA.
Read full: http://www.yourcollectionrights.com/post/Business-debts-are-not-covered-under-the-FDCPA.aspx
Third party debt collection agencies and debt collectors employed by these agencies are guided by the FDCPA guidelines. There are some debt collectors, whose activities are not restricted by the FDCPA guidelines. The parties who are excluded from the Act are:
* In-house collection agents i.e. the creditors who collect their own debts
* Banks that collect their own debts
* Certain credit card companies
In all this a debt incurred for a business purpose and the debtor who incurred the debt for business purpose are not protected by the FDCPA.
Read full: http://www.yourcollectionrights.com/post/Business-debts-are-not-covered-under-the-FDCPA.aspx
Subscribe to:
Posts (Atom)