Legal Question in Personal Injury in Arizona

i was in an accident in my van i had full coverage and my insurance company paid most of the van, I was left with about 2000 to finish paying it off, mY finance company and i agreed to 50 dollars a month until paid off, ive been paying on it since may of last year ive paid about 650 which should have brought it down to 1350 but when i called them and asked them for a payoff the said 3200, they charged me interest again on what was left to pay it so my question is Is it legal for them to charge me interest again on the gap to the van and what can I do about it?


Asked on 6/01/10, 8:41 am

1 Answer from Attorneys
Joan Bundy Joan Bundy Law

Yes, they can charge you legal interest. However, if you were not notified in advance that they were going to do so and what the interest rate was, you may have a case for modifying the loan balance to offset the overcharging due to the interest being tacked on.

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Answered on 6/08/10, 7:56 am


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