QUESTION
How much is the max apr% a auto title loan company can charge on a loan under 1000$
Asked on Jul 19th, 2014 on Contracts - Florida
More details to this question:
I currently have an auto title loan borrowed the amount of 600$ the term paperwork clearly states I am paying 65.7%Apr on the loan. Is this legal. Currently, I have been paying 270$ a month on a 600$ loan.
1 ANSWER
Consumer Debt Collector Harassment & Abuse Attorney serving Tampa, FL
Partner at
Tischhauser Law Group
2 Awards
This is a question better asked BEFORE you do such things. The answer lies with WHERE and HOW you made such an agreement as many of the internet companies skirt the law using indian tribal immunities. You can contact the Attorney General if you like, though they may not do much to get your title back and if they do, may take a long time. Otherwise, give them the money back as soon as possible and get away from those people ASAP. If you have any further questions feel free to call 1-800-922-6442 for a FREE consultation.
Answered on Jul 21st, 2014 at 6:32 AM
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