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Auto title loan

Discussion in 'Consumer Fraud & Scams' started by v06perez, Jul 21, 2015.

  1. v06perez

    v06perez Law Topic Starter New Member

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    My spouse got a title loan. All of the paperwork has the old information on a vehicle that he previously had with them. Loan was for 4500. Paying 800.00 a month for 12 months.

    My spouse got a title loan for 4500.00 The loan payments were 200 every 2 weeks. Then he was told he had to have their auto club. Come to find out the payments for the auto club were also 200.00 every 2 weeks. Bringing the monthly pmt to 800. a month for 12 months. All the paperwork has information on another vehicle that we once had financed with them before they had this 200 auto club fee. Is there anything I can do about this?
     
    Last edited by a moderator: Jul 22, 2015
  2. army judge

    army judge Super Moderator

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    Yes, those auto title loans are scams.
    If I were you, I'd never sign up for such a loan.

    Another bad loan is a payday loan, avoid them, too.
     
  3. Betty3

    Betty3 Super Moderator

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    I don't see where you have a specific question. (where you ask a question) However, I agree with army judge that car title loans & payday loans are best to stay away from if at all possible. Your spouse could contact them about correcting the information on the paper work.
     

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