Legal Question in Credit and Debt Law in Florida

Consumer Law

I purchased a vehicle from Mitsubishi Motors in 2002 under a program that allegedly required no payments for a year. Upon entering the finance office we were told that the payments will start in 8 months, not a year from then. Additionnally, the finance officer added a variety of options like life insurance, GAP insurance, extended warranty, etc...I explained to the person that I did not desired any of these options, to which he stated that I had to have these options in order to purchase the vehicle. Reluctantly, we took the vehicle and after a month or two I decided to start paying for the vehicle early and out of the program it was bought under. However, Mitsubishi Motor Finance did not wanted to arrange for payments after asking a couple of times. I returned the vehicle back and was charged with a repossession and the account sent to a collection agency. Is Mitsubishi in the right? Why would the company not want to make payments arrangements and then charge me with a repossession and a balance of $19K+ for this vehicle? This does not seem either fair, legal, or ethical business practices. Can I contest this in order to remove this collection from my credit report?

Thank you

VR


Asked on 5/23/07, 8:31 pm

1 Answer from Attorneys
Scott R. Jay Law Offices of Scott R. Jay

Re: Consumer Law

NOTE: This communication is not intended as and should not be interpreted as legal advice. Rather, it is intended solely as a general discussion of legal principles. You should not rely on or take action based on this communication without first presenting ALL relevant details to a competent attorney in your jurisdiction and then receiving the attorney's individualized advice for you. By reading the "Response" to your question or comment, you agree that the opinion expressed is not intended to, nor does it, create any attorney-client relationship, nor does it constitute legal advice to any person reviewing such information, nor will it be considered an attorney-client privileged communication. If you do not agree, then stop right here, and do not read any further.

You can always contest anything but I seriously doubt that you will be successful - especially 5 years after the event took place. You will be hard pressed to prove your case to a credit reporting bureau and the finance agency will probably have their records.

Admitedly, you have nothing to lose, however.

Scott R. Jay, Esq.

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Answered on 5/23/07, 11:26 pm


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