We have all seen the commercials on television and heard the ads on the radio promising to consolidate your debt and/or settle it with your debtors for less than you owe. For many people dealing with unmanageable and ever-increasing bills, these companies seem to offer the hope of being debt-free someday soon. However, especially during these difficult economic times with high unemployment rates, these companies are simply preying on vulnerable consumers.
As we reported here in February, Chinese drywall is becoming a significant health concern in addition to costing homeowners thousands to replace it. Current estimates are that between 350,000 to 500,000 US homes contain toxic Chinese drywall throughout the Gulf States, specifically Florida, Texas, Louisiana, Mississippi, Alabama, and others. Exposure to toxic Chinese drywall is potentially lethal. The gases emitted by toxic Chinese drywall are not only strong enough to corrode various metals, they have also led to severe upper respiratory issues including nose bleeds, headaches, rashes, with the potential of cancer or other long term serious health affects.
There is a new report that car rental companies are imposing car rental surcharges, hidden fees, and other costs to consumers to compensate for lost revenue as a result of the economic turn-down.
According to an article by CNN, “it’s easy to see why car rental companies are taking these steps … the industry is hemorrhaging money faster than oil leaking from a cracked gasket [where] Hertz lost $73 million in the fourth quarter, and competitor Avis lost $121 million in the same period.”