Legal Question in Consumer Law in Florida

Deceptive Car Loan agreements

I bought my 1st car last Aug. It was used. I have very good credit two fulltime jobs and was my 1st car loan ever. At the time Dealership informed me the only fin institution who would finance me had a very high int rate. Told me in 6 mon refi w/credit union. At 6 mon went to the same CU and was told they had no idea why you were given such a high int rate, Also called Ford Credit and was told they never applied for Ford 1st time buyer and had they they would have apporved it at a much lesser int rate. At 6 mon I went to 2 CU and was told the vehicle wasn't going to be approved at the amount of payoff because it was far overpriced. It's not the pricing issue I am asking about. It was the deception of the loan officer at dealership. Being I was 19 yrs old I feel I was taken advantage of???


Asked on 5/16/07, 7:53 am

1 Answer from Attorneys
Scott Behren Behren Law Firm

Re: Deceptive Car Loan agreements

Sounds like there could be violations of several Florida and Federal statutes. Who was the dealer and where are they? You could consult with an attorney that handles these types of issues are contact me to discuss further.

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Answered on 5/18/07, 8:44 pm


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