QUESTION

What is a preditory loan?

Asked on Jun 26th, 2014 on Debtor and Creditor - Florida
More details to this question:
My X-wife and I have a auto loan together and the vehicle is only worth a little over $5000 but the loan payments at the end of the loan period will add uo to wrll over $27,000 and I am needing to know how both of us can get out from under such a inflated loan?
Report Abuse

1 ANSWER

Consumer Debt Collector Harassment & Abuse Attorney serving Tampa, FL
2 Awards
Generally, there is no magic bullet to this, as presmably you agreed to the terms and conditons in writing when you bought the car, which I presume was at a buy here/pay here? While there may be some issues to look at, the question is whether you want to spend money on legal fees reviewin the paperwork or challenging the issue.If you have any questions feel free to contact our office at 1-800-922-6442 for a FREE consultation.
Answered on Jun 28th, 2014 at 11:26 AM

All responses are NOT to be considered legal advice nor to be relied upon in any as such nor to establish any form of attorney/client relationship. Opinions expressed are solely informational and not a substitute for proper legal advice provided by a properly retained after thoroughly researching the issues presented.

Report Abuse

Ask a Lawyer

Consumers can use this platform to pose legal questions to real lawyers and receive free insights.

Participating legal professionals get the opportunity to speak directly with people who may need their services, as well as enhance their standing in the Lawyers.com community.

0 out of 150 characters