Part 1 - Car Dealer Illegal Finance Charges and Credit Acceptance
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- Опубліковано 7 лют 2025
- Car Dealer Illegal Finance Charges and Credit Acceptance
Car dealers often try to pass on finance charges to customers, especially those with bad credit. However, the law regulates what finance charges consumers can be made to pay. Dealers often try to scam customers by passing on the "discount" or "bank fee" charged by Credit Acceptance and other lenders that target consumers with low credit scores, inflating the price and cost by thousands. Buyers with bad credit often are taken advantage of by this scam because dealers know they have limited options. Be aware of this scam and know how to spot and avoid being charged illegal finance charges.
One way to determine whether or not a fee or charge is a finance charge, is by thinking about it this way: if you were paying for the car in cash, would you have to pay this fee or charge?
#Car #cars #lawyer
SUBSCRIBE ON UA-cam / whitneyllp
By: Daniel W. Whitney, Jr., Esq.
Whitney, LLP
409 Washington Ave, Ste 750
Towson, MD 21204
410 583 8000 - Phone
info@whitneyfirm.com
We primarily represent consumers in Maryland.
Call Us For a Free Consultation
VISIT OUR WEBSITE: www.whitneyfir...
To Find a Lawyer to Help with Car Dealer Problems In a State other than Maryland:
National Association of Consumer Advocates:
www.consumerad...
Why I became a lawyer that sues car dealerships and why I post videos about my car dealer fraud cases and dealer scams:
Before becoming a lawyer I sold cars while I was in college. It was while selling cars in Maryland that I learned of the ruthless nature of car dealerships, and learned there is only one rule that matters at most dealerships: GET AS MUCH MONEY AS POSSIBLE FROM THE CUSTOMER, TODAY, AND NOTHING ELSE MATTERS. I saw things that I knew were illegal and decided I wanted nothing to do with that.
Today, I've sued those same dealers I worked for and others to help cheated consumers fight back. Consumers must know they have more legal rights than they realize, and can take action against dishonest dealers. #dealership #newcars #usedcars
Common car dealer problems and scams I help car buyers with include:
1. Car dealer forged the buyer’s signature on a second finance contract.
2. Dealers selling a car without having the title. happens all the time
3. Changing the monthly payment and amount financed after the deal is done.
4. False online price advertising when the online price increases at the dealership.
5. Bogus reconditioning and inspection fees for illegal profits.
6. Selling vehicles that did not pass state inspections.
7. Forcing customers to buy extended warranties and vehicle service contracts.
8. Spot Delivery Violations - when financing is not approved:
9. Dealer keeps the down payment although financing is not approved;
10. Dealer sells the trade although financing is not approved;
11. Dealer forces customer to sign a contract with worse terms; and
12. Dealer forces customer to keep the contract and not allow them to cancel.
13. Charging illegal finance charges and passing along exorbitant bank fees.
14. Car dealer does not disclose rental history or other prior commercial use.
15. Credit Application fraud - creating fake jobs or inflating salary.
16. Car dealer runs credit without permission.
17. Car dealer refuses to cancel the extended warranty or steals the refund money.
18. Car dealer uses out of state sister dealership and charges illegal fees and interest.
19. Taking advantage of bad credit and low credit buyers.
Common resolutions to car dealer cases once dealers are sued include:
1. Financial restitution including actual damages (meaning actual money the buyer spent).
2. Unwinding the deal, meaning the buyer returns the car and gets all of their money back.
3. Dealer buys the car back for the remaining payoff and returns the down payment and fees.
4. Cancelling a warranty or service contract and getting the refund.
5. Getting the trade-in back.
6. Having the down payment returned.
7. Dealers pay the buyer's attorney’s fees.
We do our best to educate consumers as to the common problems and scams with car dealerships and to fight back when buyers are taken advantage of. Some other great channels for information about car dealerships and auto fraud dealer schemes are Kevin Hunter The Homework Guy, The Chevy Dude and WhiteBoard Finance.
Here is our blog on our dealer cases and dealer legal issues: bit.ly/3bFkTeK
Here are descriptions of some of our past car dealer settlements: bit.ly/3pG2pzN...
This UA-cam Channel and this video are not legal advice and do not provide legal advice. An attorney-client relationship with Whitney, LLP and Daniel Whitney, Jr. is created only once a representation agreement is signed by Whitney, LLP and the client. Prior results are not a guarantee of future results, and all cases are different. Thank you for watching.
I bought a car for the dealers invoice plus 750 tax tag and title back in 2018. I went in to buy a car that was 10k. They wouldn't budge on the price so I agreed. I went to the finance office and it was the 10k plus 750 doc fee. 250 advertising. 300 detail fee, 150 window etch( numbers are slightly scued as it's been a few years) . And the tag fee was 50 over the actual state price. I got everything on video. My work cell was in my shirt pocket recording while my personal cell was taking pictures of business cards and the car deal.
I asked if they would get rid of the bs fees and they said no. I opened up a folder that I had with me that stated in GA law a dealer has to sell at advertised price plus tax, tag, and title. No additional fees unless specifically laid out on the ad with dollar amounts. Otherwise it was an up to a $1000 fine from the state and an additional up to $2000 civil fine to go to the customer per occurrence, excluding any additional civil action the purchaser wants to take. There were 5 occurrences on this one contract. I immediately left gave the finance officer my business card and said make it right because tomorrow morning I'm calling the state on this. I have it all on video, a copy of the sales sheet and a time stamped print out of the entire internet ad.
20 min later they called me and offered to sell it at the 10k as promised. I said they had to make it right and that was what they should have done in the first place so they can do better.
They called back 3 times, each time lowering the price by about 500. The last time I said you keep calling me and it's reached the point of harassment, so I will be calling the state in the morning unless they make it right. They offered it to me at the invoice plus the one fee. I took it as the car wound up being less than 6 grand after taxes.
Note for everyone. Know your state laws. Each state is different. Be prepared to walk and don't give away anything till you are walking out.
Will keep in mind .... I learned no company wants public records or paying for violations ..... once one person does the next few will put them out of business
What car has an under $6k invoice price?
@@jmarxful 335i the dealer bought at auction.
@@insertrandomnamehere764 wow
I had Credit Acceptance...my vehicle was repossessed and sold at auction in 2017 The minivan was 8k, they say that I have a balance of $7k+....all of a sudden they seem to be adding some type of charges to my account 🤷🏽♀️.
I am arming myself, by watching videos like these. Because I'm going in on them. They are going to remove this from my credit report 😤
You should read the ucc. Then sue them.
Me too
@@joshuagreen495 excuse my ignorance on this but what is the UCC?
@@ashleys.5023 the UNIFORM COMMERCIAL CODE its laws that cover contracts and commerce
I may help you , read this now, 15 USC 1605,1611 and 1666(b) this man don't know anything, he is selling himself.
Misc. Fees are now horrible across the entire nation….almost everyone is price gouging and running up the profit margins now!!!!
Consumer credit transaction... I’m the creditor and the consumer..
This guy doesn't know what a consumer is.
Make a appointment with ur bank manger or president and let them know how the money is created by ur signature! Federal law says the banks or loan company cant loan their money or their depositors money so how are they loaning u anything
@@healinggoddess85 what law? Tell me so I can look it up. I'm not arguing with you I just want information so I can research myself.
@@healinggoddess85 actually federal law states banks can lend $9 for every $1 out of thin air
@@jacksonyalacki479 thats not whats happening. Your signature on the application is turned into a negotiable instrument and sold on the bond market....paid...done.
Once upon a time, the law stated the price advertised had to stay the same. It was refered to as bait and switch. They corner the consumer and won't let them back out. I have seen a vehicle listed at 7995.00 and when going to the lot, they ask how are you going to finance? Then, when they start putting pen to paper, the price of the vehicle changed to 12,995.00. When confronted they say, oh that was the cash price. Don't know how they are getting away with this.
Read this 15 USC 1605
@@corneliusbrown2666 what part of 1605?
@@jdillard36 15 USC 1605 1-2
Consumers have a 3 day window to rescind/cancel any contract. The 3 day rescission/cancellation works for a Mortgage and it will work for a car dealership. Its a federal law.
The listed price is cash yes. Though after borrowing money the price will increase due to interest.. very legal.
And down payments are also illegal. According to: 15 U.S. Code § 1605 - Determination of finance charge. The finance charge takes care of everything. The finance charge does not include charges of a type payable in a comparable cash transaction.
15 usc 1662
Kia Vandavere car dealership charged me a $2300 downpayment🤦🏼 2 years ago. They told me thet the down-payment goes toward the car when it clearly did not.
Having a downpayment is not illegal assuming that’s it goes towards the balanced owed.
@@jwanders10 The thing is where Is the proof it went to balance owed??
@@jwanders10 the car loan debt was already taken care of with the promissory note that was signed by us. It appears that the down payment or at least some of it may have been used to pay the salesperson Commission
Smh, I'm w these ppl Credit Acceptance,,it's horrible,,smh
I don't know what else to do because it has been 2 years since told Whitney,LLP that I need help, and I never got a single call from them.
Video freezes @ 2nd point
Yea wtf
Fr tf
What if they sign with a qualified special indorsement Ser?
They are accepting cars back because the contracts will expose them in court.
They took mines Xmas day trying to embarrass me... Oh but you wait
Are you saying they are cancelling contracts?
@@ur6182 bad over reaching contracts that have interest rates that are outside legal guidelines.
@@ur6182 I says their contract, that charged outrages interest rates, is not enforceable legally.
I was charged 6,200$ for "Fianenceing fees" on a 8900$ car that I'm almost ready to go out and total to claim gap coverage on.
You can rescind your signature on the security agreement because it sounds like they committed fraud against you. You did sign a contract financing it, correct? I bet they didn't give you every detail, making it fraud.
Go for it I won't tell
Wow they silenced this man at 5:21
No lie, what was that about? Hmmm. 🤔
Yeah they did.😮
Bro I thought this was my phone fucking up…
I kept going back a few seconds and trying again thinking it was my data or WiFi
American credit acceptance took my default off my credit report and stopped calling me over a year ago.. i still have my car. I wonder if my loan i was n the lawsuit
Why did it freeze when he was about to tell the second way??
Hey sir do you know anything or any info on cestui que vie trust?
Following
We the consumers is also the creditor 15 U.S. Code § 1692a. So if a consumer man/woman goes to purchase a car they extend the credit to the dealer.
True, but what does this actually mean like what is the validity of what you’re saying ?
Information I just got a truck and had to put a down payment of 2000.00 was that wrong?????
Why don’t car dealerships accept the IRS 1099A form they get the monies they want to charge for the vehicle and we receive the car we want
My guess is double dip
Bc 1099A tax forms are not checks like ppl have been claiming on the internet.
You can use them...but you also can use the consumer act
@@noname-en4ig how do you use the consumer act?
@@tucups1809 correction you can use them it is just another route. Definitely due your homework and read the law. Get a black law dictionary because them words do not mean what we think it means. They speak in legalese. I have a blacks law dictionary and i carry it with me everywhere recommend it for everyone
Increasing the price is a violation of Reg Z..(a pre-paid finance charge).Credit Acceptance will not allow the dealer to increase a price once in the system (in the last 4 years at any rate).
What do I do if I have a 11k blue book value car 2017 Nissan Versa Se sold to me for 14k financed through credit acceptance for 27k in total is that even legal in Michigan?
how was you finance situation? first time buyer?no or bad credit? how many % of your apr? and appreciate that but how much was your down payment?
Why did your video stop playing? Are they trying to censor you?
The video just stops playing at 5:22 mark...Why is that?
How do you prove that Credit Acceptance inflated the price of the vehicle to achieve the Discount Fee?
Amazing how UA-cam freezes on information that actually educates people but drama and other similar bullshit plays in 14k ultra 😤
Fr tf
Thank you for video, I just got a new bmw and allegedly I had to finance it with bmw in order for me to be able to get the military discount they said that there was no prepaid loan penalties but I needed to keep finance for six months otherwise I will loose the discount, I am here in California is this even true . I think they are just trying to make some money off the financing correct ? if there is no prepaid payoff penalty I should be able to just pay off whatever balance there is at the time I decide to do that?
Hope to hear from you
Thank you
How can we see if this happened to you ?
I subscribed in 26 secs of knowledge
Hi I purchase a 2013 Chevy Camaro that has known 123,000 miles on it and my notes are $360 a month $265 of that goes towards interest and only $95 of it goes towards the principal being 24.9% of Interest leaving me six years to pay 26,000 unfair what do I do?
What was the total price of the sell? Cause it doesn’t make sense for your monthly interest rate to exceed your principal.
Hi, Jeremiah thats crazy but your finance charge states: The finance charge shall not include fees and amounts imposed by third party closing agents (including settlement agents, attorneys, and escrow and title companies) if the creditor does not require the imposition of the charges or the services provided and does not retain the charges. Examples of charges which are included in the finance charge include any of the following types of charges which are applicable:
(1)Interest, time price differential, and any amount payable under a point, discount, or other system or additional charges.
(2)Service or carrying charge.
(3)Loan fee, finder’s fee, or similar charge.
(4)Fee for an investigation or credit report.
(5)Premium or other charge for any guarantee or insurance protecting the creditor against the obligor’s default or other credit loss. Hit them with this!
27 % interest Chrystler capital with double blue book value after getting out of hospital. Please advise
Also it's a 2014 Chevrolet Silverado 1500 . I had. A 711 credit score. They took advantage of me getting out hospital from wreck
Your video stopped playing?
Can you tell us what the second way is the video froze at 5:23
Why does the video freeze at 5:30 into the video? The time keeps going, but the audio and video pause and won't play. I've tried coming back to it too, and still won't play.
Same
how would i search for a lawyer like you near me? Im in desperate need of help like this.
OMG I JUST GOT A CAR THROUGH A DEAL THAT SENT ME TO CREDIT ACCEPTANCE! SUPER HIGH INTEREST RATE! IM IN TROUBLE
next time i go to apply for a car im goinh to record everything so i dont get screwed agine
Make sure you either have consent or are in a one-party consent state. MD is two party consent.
@@WhitneyLLP im in iowa how do i find out if im in a stare were i need to concent or not
I financed a car(in the state of GA) in November 2020. Price was 9,880. I put 2,000 down. Why was my total balance 17,000+ if the interest rate was supposed to be 22.9%? I did the calculation. It was supposed to be 192 per month over 51 month term. But my payments were 336.
I’ve paid them well over 12 grand. Now the car isn’t driveable. It had problems from day one. So I stopped paying
I was listening to this attorney, not once did he bring up any laws to suppose what he can do. Please look up 15 USC 1605. 1611
1) Is it illegal for a car-dealership to charge a downpayment on a car loan?
2) How do I go about requesting a official copy of the promissary note that I signed credit acceptance bank?
I bet the promissary note would reveal that my loan is already pay in full🤦🏼
Have you been successful in court with this type situation?
@@demicosmith9371 what you want to to do is research 15 usc 1666(b)(2) then I want you to look up 15 usc 44 and you’ll see documentary evidence at the bottom read those about 5 times until you’ll get a clear picture of what those laws are saying
@@demicosmith9371 call and ask them for a copy of everything in your file from that the middle man sent them compare them find laws then sue
@@auditingamerikkka1627 help😥 what's the next step 🙄🤓
I have a itemization of sale and on certain charges there wasn’t a description of the charges about $2144 charges but no description of the charge is that illegal?
I’m 30 any advice for people looking to get in your feild
For the TILA would I need good credit??
Credit score does not factor into TILA applying.
Negative remarks get deleted from your credit report. Repos, evictions, students loans & more. 🙌
do u know any consumer law attorneys in Denton Texas?
I would love to book a consultation with you. Cause VW CREDIT charged me 6k more than what the car cost.
Yes! VW just did the same to me and what was supposed to be a 15,500 car with a $2500 down payment just turned into $23,000+ total w $4000+ in finance fees and a $2900 service contract purchase price. My original budget was $7,000 and now I feel completely helpless and financially taken hostage!
Down payments are illegal, yes, I say it. Read this 15 USC 1605,1611 and 15 USC 1666(b) I guarantee you will be set free from this.
15 u.s. code § 1662
It’s illegal to take a down payment when financing .
I think I fell in a scam I don't anything about financing they charged me 15,000 on finance charge 10.4 % Apr after da loan is done its says I'm gonna end up paying $60,000 da car price was $33,000 amount total financed was 44,200 I think they took advantage of me can I do anything about this I barely got the vehicle 1-17-2022 also I got my 2022 hyundai tucson at fontana, ca hyundai
Hi, Tony wow that's crazy but your finance charge states: The finance charge shall not include fees and amounts imposed by third party closing agents (including settlement agents, attorneys, and escrow and title companies) if the creditor does not require the imposition of the charges or the services provided and does not retain the charges. Examples of charges which are included in the finance charge include any of the following types of charges which are applicable:
(1)Interest, time price differential, and any amount payable under a point, discount, or other system or additional charges.
(2)Service or carrying charge.
(3)Loan fee, finder’s fee, or similar charge.
(4)Fee for an investigation or credit report.
(5)Premium or other charge for any guarantee or insurance protecting the creditor against the obligor’s default or other credit loss.
Hello what state are you certified to practice law in ? I need assistance with a suit against suing this car dealership
I practice in MD.
I’m finna 1099 then they ruined my credit for 5 years 12,000 for a car but paid 26000 for it I can’t wait to get my coins back
You finna ? Lol 😆
Sho Nuff 😂
damn I'm doing the same now ... 450 for 14 months and my balance is now higher than the original loan balance
Did you finna 1099? How did it work out?
Which 1099 C or A?
My 72 months are up.and now the finance company still says owe 9500. 00 in principal balances. I also pull my credit reports and they , finance lender, are stating 80 months . Not true as contracted . I still have paperwork. Is it anything I can do about these misleading balances n the inaccurate terms. I see arbitration on the back on this contract as well
This just happened to me Because of my bad credit the car was $11,995 but they marked it up to $16,995 to pay for bank fees so I ended up having an 18k loan because of my credit
You can't "pay" on a positive amount!
@@gage71 Seriously??? That's it?? Why not tell him ALL of it? Because what you just said is worthless without it.
Are you sure your not also including tax tag and title in that
Abuse
Mines was supposed to be eighteen thousand they boosted up to twenty eight thousand
i have the same problem with the dealer where i finance my car they Charge me four different amount like dealers admin fee and finance admin fee OMVIC fee because im here in canada.thats the problem i have im here in canada and no lawyer wants to fight for me..do u think u can help me please…
I paid a car off through credit acceptance,it took 4yrs to pay for the amount is embarrassing is there any legal action I can take against them seriously?
I went through the same thing,I need assistance as well!
read 15 USC 1605,1611 and 15 USC 1666(b) thank me later
@@corneliusbrown2666 could u break down the b portion of 15 usc 1666 I'm having trouble understanding
Do you help in California
Once my credit is extended, payment is on the seller!
If no one is understanding what your talking about I am . How can I rescind my auto loan contract .
What’s the guys page name you got this from?
The video just went off at 5 minutes and 28 seconds. Could you please re-upload the video when you get a moment please? Thanks for sharing the information so far.
Thank you, I am getting some help to upload the second half as a Part 2 to this video.
I have made 7500$ down payment, and the charged me 23% interest rate, that's a pain for me now , how can you help , finance institutions, is Westlake financial. It's small dealer in miami.
DCH Thousand Oaks tried to charge me 39,000 for 20,000 2014 car with 64k miles I took it right back I have 100 percent payment history and no negative marks on my credit smh 🤦🏾♀️
Why does the video freeze at 5:21 ?
I’m in Texas doing research for a friend who got a $13k car, $7k finance charge, 16% interest rate, & added on warranty for a $24k loan… on a 2013 Cadillac LEMON, with a shaking transmission.
I dunno the protections in Texas (probably none), but this is a mess. They did something similar to my baby sis. It’s criminal.
So did you find out anything on this? Because I’m in a similar situation and something definitely feels wrong..
I paid 6500 down payment in a 2017 Nissan Altima cost 14000$ have been paying 400/ month for 1.5 yrs now and I’m still owing 14000 I wish I could get back my 6500$ 😢
@@islandgemm they never tell ppl about the MCO title and you suppose to ask for it but they give us the brown or green title ..an get loans etc off the car while u paying on it
Well a Lemon law only applies to new cars. Your friend may want to find somebody more competent too assist her
@@islandgemm6500 on a down payment for a car bro?
i just went to battle with them me vs them through the cfpb and won, they closed my account as paid and should be getting deleted off my credit report
I had good credit when I thought I was buying a used car from a used car dealership in georgia. 9 months later I had to bring my car because the dealership broke my finance contract in California, but California DMV could not to me the dealership paperwork was not clear and, so I stuck in georgia for 9 months. My 700 credit score was completely destroyed in one month. They reported that I stole the car from them .$6200 gone in 6 months
Consumer Transaction. And you wouldn’t be paying back the finance institution?
They charged me $4000, and I didn’t know till now. It’s been over a year. Is there a time limit on this?
It depends on your state and the cause of action you bring - different laws have different statutes of limitations. Find a lawyer in your state and speak with them.
There is no limitation when you find out you have fault against. Read 15 USC 1605
Video stops at 5:22......its frozen untill the end
Is credit acceptance the only company. I forgot who I financed with 1st but now I've refinanced to capital 1 auto. Can I still do this
Yes ask for a copy of everything in your file
What happens if a lender fails to honor 10 day pay off
Yes
Why did I go to buy a car for 15k , I put down 1,500 and with the extras it came up to around 17k . The deal was $400 a month for 72 months , why? Down payment was made but wasn’t 100% confirmed help?
Sir do you know why this dealership is not giving me the buyers order that I need to take to my bank to get the process started? They are telling me I need to sit through a presentation for the car before I can get it but the dealership is asking me questions as if they are trying to do another credit check to get me to finance with them instead.
Can you in florida?
I have credit acceptance corporation. Can I contact you for a walk through?
I literally don’t know what to do. I co-signed on an overpriced vehicle that was financed through shitty credit acceptance and I don’t know how to get out of it. The person is no longer making payments on the vehicle and is essentially refusing to finance. I’m stuck. Any advice?
File a 1099a form on it.
@@beautifullydifferent2145 thank you! And what does that do?
@@Keadramare nothing, make the payments so your credit isn’t ruined
Is it too late to get my loan in this lawsuit? I don’t need any money, I want it off my credit report
Please help I’m in jersey I’m dealing with them
672, only had one option to finance with and 15% interest. Wtf
Ur Video is cut off at 6:00 min
The video is not playing?
Yes
I came in possession of a 2013 Nissan Rogue it was 16,000 after finance charges it was 29,000 I returned the car before the first payment also they had a disabling device on the car and only disclosed it after i had signed my score was low and im on chemo and just was thinking plus the check engine light came on about two weeks later and the car was shaking i had one brake light and i took it to pep boys to find out both brake lights had the wrong bulbs im going to report Sports and Imports to the Federal Trade Commissioner And the Better Business Bureau and Etc
I’m with credit acceptance and just got my car repo from them
Worst company ever I turned mines inn and paid 1100 now it’s finally over
Same. They came and got it last week 😒 they don't even try to help people that lost their jobs do to this darn pandemic. I did everything but sacrificing a living person to keep that car. And they just don't care
@@killakha1806 I am so sorry you had to return, the car that you already paid for. You can still file claim against that company , read 15USC 1605,1611 and 1666(b)
Please i need my down payment back
Yeah mine did and was stuck
I have a situation w/ Toyota right now that I just feel is completely off.. I can’t quite put a finger on it but whenever I call and ask to see itemized payments I’ve paid they simply send the contract. On top of that I completely paid off the amount they claimed was in default and then received another letter months later .. another default letter.
Something ain’t right..
I can consult and help you. $100 consultation fee and you will have the tools needed to put them in place
You screen froze and there is no number 2
The interest is more than truck
Do you know anybody in NJ?
That’s wat happened to me !!! I need help
Hey sis inbox 📥 me on Fb
@@kendrabieber1997 what is the fb please?
Two years later my wife checks my paperwork from this dealership I bought a truck off of and she says they did odometer fraud. Now they are going to give me a different vehicle but I still have to pay the financing for the lemon they sold me. I feel like the dealer and the finance company are in cahoots with each other. Funny how the dealership I bought my truck closed. Next thing you know the same people that sold me the lemon opened up a new location under a different name. I stopped paying for 3 months since I found out my miles were tampered with. Finance company I have is ghetto all they do is text me trying to harass me and tell my business of my how much I owe to my references. Even sent out a text to my references saying I’m wanted that I have a bench warrant for my arrest. My poor mom got scared because I did 6 years behind bars so she got scared just off that text message they sent out. The staff is just ghetto. Feels like they are not a real finance company at all.
15 USC 1605, 1611, 1666b
Did anyone else see the full video or did the video just freeze on me too?
Credit acceptance is scum of the earth!!!
Is credit acceptance a part of glenbrook credit acceptance corp. ?
Yes. A branch aka subsidiary of it
Sounds like car corporation of Maryland
So what if they want a down payment but you been approve of the car, is that illegal?
Hey, Michael yes down payments are illegal. Your finance charge states that the finance charge does not include charges of a type payable in a comparable cash transaction.
@@fusioncashb.9185 what is type payable thing?
@@minutescouldsaveyoupercentormo
Basically no cash transactions required.
New subscriber. I have a question and will wait for your response
Lawyer in NJ
Can you recommend a lawyer in our area? East Chicago, Indiana- we financed an SUV and finished payments over 8 months ago and they have not released our title even after several inquiries and requests. What should we do? I have all of the email transactions showing my requests as well as their responses.
And they never loaned you money to begin with.
@@bankerlies6121 ???
@@bankerlies6121 not sure I understand your response. Can you clarify please?
@@rondellwilliams2537 Bank can not loan money.They can not loan depositor money either.Both are illegal to do.Look and you shall find the swindle
If it was me, I’m rescinding the transaction!!!! 15 Usc 1635
Hi Dan, Please explain why at a dealership in Georgia they want to charge $1000. for "Finance Aftermarket Fee on a $27,400. used car? Help!
That sounds like a finance charge which are often illegal TILA and state statutes. Which lender was the deal financed with ?
@@WhitneyLLP they sent me the sale order and I never went through with the sale because of that "after markets fee".
read 15 USC 160501611 and 15 USC 1666b this will set you free..
@@corneliusbrown2666 Thank you!
Read 15 USC 1611 1666(b)
Can you please help me ?? I’m having so many issues with them.
I pay then on time and they are really ruining my credit.
Your video froze add midpoint they are stopping you from getting the information to us thanks anyway
Credit Acceptance still doing it
I need help in Georgia with this very issue and I have a paper trail of original paper and the nothing but lies and deciet on electronic trail.i owe less then the car will sell for ,but civil lawyers say consumer protection and vs versa so what kind of attorney do I use for this .I've called so many in Ga
Read IRS Publiscation 1482, 15 USC 1605,1611
@@corneliusbrown2666 thank you ,I will do that..I guess it's on website ? ,I did file fraud charges with dept of agriculture of all places ...but these people are insane and I paid for my car in full in April of 2021 ,they changed loan to 60 months in April I had aduit done on my checking account for payments and I over paid by 1330 ...but here I am aghhh ...thank you
@@michellehicks2321 read about 3949a Ask the lender to send you 1099oid. It is mandatory by law. To be sure they are paying taxes on your payments.
@@corneliusbrown2666 thank you so so much I will I'm on irs site now. The lender charged off ruined my credit 😤 I have my insurance company open fraud charges it's just crazy.
we will never know the 2nd way bc you didnt bother to finish the vid
Here is Part 2, it includes some of the intro and then the second half: ua-cam.com/video/I1CBFlURUBo/v-deo.html