Legal Question in Consumer Law in California
I have a title pawn loan on my car. I borrowed $2700 I have made 9 payments totaling $3100. I plan on paying it off the first week of August and I was told my payoff is $2900. How is that possible? No money that I have paid has gone toward the balance; is that legal?
Asked on 7/28/11, 7:35 pm
3 Answers from Attorneys
Armen Tashjian
Law Offices of Armen M. Tashjian
Read your loan agreement. You may also contact the Atty General's office for possible consumer fraud investigation.
Answered on 7/28/11, 7:44 pm
Joe Marman
Law Office of Joseph Marman
I agree with Armen. You gotta ask for and read the agreement, You are stuck with that.
Answered on 7/28/11, 8:44 pm
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