Legal Question in Consumer Law in California
High Interest Rate on Vehicle
I purchased a used vehicle a year ago with an interest rate of 13.99% The cost of the vehicle was $23,000 the cost of the loan was $19,000.00; I didnt realize it before but now I do I feel that I was taken advantage of . How can I legally address this matter?
Asked on 10/14/07, 9:08 pm
1 Answer from Attorneys
Carl Starrett
Law Offices of Carl H. Starrett II
Re: High Interest Rate on Vehicle
You were not taken advantage of, you just made a bad decision or could not get a better loan because of your credit. You can address the situation by contacting another lender to refinance the vehicle to a more favorable rate.
Answered on 10/14/07, 9:12 pm
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