Legal Question in Banking Law in California
i had my truck repossed because my loan was bought by a different bank they
wanted me to sign a new extension that they added interest to
i refused so they repossed my truck my payments are all up date i have never missed a payment!
is it legal for them to do
i only have 10 payment to finish my loan
when i contected then they told me to sing the extension & they would give me my truck back
Asked on 12/11/11, 9:41 pm
1 Answer from Attorneys
Michael Stone
Law Offices of Michael B. Stone Toll Free 1-855-USE-MIKE
The buyer of your loan doesn't have the right to unilaterally change the terms. You could have a good lawsuit for unfair debt collection practices. If you win the suit your attorney fees would be paid for. Start calling attorneys and watch out for legal time limits.
Answered on 12/11/11, 10:00 pm
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