Legal Question in Consumer Law in California

Hi, I am writing on behalf of my boyfriend who recently had his Toyota truck repossessed. It was a voluntary repossession as he knew he would no longer be able to afford it. This was a truck he was never really able to afford and eventually trying to make the $575 in payments each month became too much...He isn't very good with understanding loans and money and when toyota sent him a notice in the mail saying he could have brand new truck for the same payments he was already making on his used car he went down to the dealership to check it out. They kept him there for two hours under intense pressure until he signed the new papers ( now having to pay over $200 more a month). Now he owes them $15,000 which he definitely can't afford. I'm wondering if there is a precedent for suing a company for giving a loan to someone who never had a real chance of being able to pay it for an extended period of time or for using extreme tactics to pressure people(ultimately the sales men wanted their commission). He had also wanted to bring back the truck the very next day but there is no "buyers remorse" in ca. Once you sign your name your in.

Asked on 9/08/09, 6:28 pm

Robert F. Cohen Law Office of Robert F. Cohen

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Probably not. That's how some of the mortgage lenders got away with what they did -- by taking advantage of unsophisticated people.

If your boyfriend has other debt problems, he might consider other solutions.

Answered on 9/10/09, 3:52 pm

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