Legal Question in Consumer Law in California

I have a title pawn loan on my car. I borrowed $2700 I have made 9 payments totaling $3100. I plan on paying it off the first week of August and I was told my payoff is $2900. How is that possible? No money that I have paid has gone toward the balance; is that legal?

Asked on 7/28/11, 7:35 pm

Armen Tashjian Law Offices of Armen M. Tashjian

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Read your loan agreement. You may also contact the Atty General's office for possible consumer fraud investigation.

Answered on 7/28/11, 7:44 pm

Joe Marman Law Office of Joseph Marman

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I agree with Armen. You gotta ask for and read the agreement, You are stuck with that.

Answered on 7/28/11, 8:44 pm

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