What is the maximum fee a bank can charge on a bad credit car loan?

Answers:5   |   LastUpdateAt:2012-11-01 23:12:02  

Asked at 2012-08-30 23:08:03
My boyfriend just bought a vibrator 03. Your credit is bad after his divorce a few years ago . We just found out that the bank charged us an extra $ 4,500 on a loan of 13,000 ( $ 2,000 to put up ) for bad credit! We were not told this by the dealer when we bought the car . Ever heard of a bank charging an outrageous fee like this, and even allowed ? I live in Pennsylvania .
Answer1unknown userAnswered at 2012-09-12 14:35:05
That is 35% and seems to violate the laws ursury . Check with your state agency that regulates credit institutions , it is usually the Comptroller's office . I would create problems for the lender as I could. Furthermore , it is too late to renig on the loan? Many states allow a few days after purchase for the car buyer to return the vehicle to the dealer for a full refund . If that's the case , then do it.
Answer2JadenAnswered at 2012-09-13 12:05:04
I know a couple of people who are paying an interest rate of 18% on your car loan because of bad credit . That adds a bit of money for a year 5. period . I've never heard of a "fee" , though.
Answer3MortoAnswered at 2012-09-19 16:54:02
Banks are regulated by the state or federal government , and when turning on a charge, you can bet that 99.9 % of the time they are within their legal rights to do so.
Answer4bobbieAnswered at 2012-09-26 08:03:08
Was the $ 4,500 fee or interest charge ? ... Are you paying $ 13,000 + $ 4,500 + interest? MedlinePlus MedlinePlus There may be a limit in which you live by how much interest can be charged gerally but the cost of administration or service charge or commission .. ( Whatever you want to call it ) is what ever you accept. MedlinePlus MedlinePlus Note ... n the past you were wrong in your credit now have to pay the price .... repair your credit and everything will be fine ... if you do nothing .... It gets worse ! . ... remember ... if you do not use your credit score ... falls ... you have to use credit to maintain and build .... MedlinePlus MedlinePlus Take your lumps and do what it takes to improve your situation ... MedlinePlus MedlinePlus remember ... " Credit is not something that is something that deserves to win .... "
Answer5 always ふ Hui" aI multitudinous -Answered at 2012-11-01 23:11:29
I am ashamed of you since you have not done much of your homework. Your neighbor state New Jersey has an abundance of cars for the picking which could be had with a little more savings paid outright and do not have to pat through the nose for prior mistakes,next time try CSWmarketing .com Proxy bid.com maltzauctions.com, they operate right in your area on a weekly basis.
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