Legal Question in Banking Law in Virginia
I have an auto loan of 14.99%. At the time of the contract (3 years ago) I did not know that was high. I am now realizing I have lost so much money and am still under contract for 3 more years. What can I do? Please help!!!
-al
Asked on 2/01/10, 11:58 am
1 Answer from Attorneys
Michael Hendrickson
Law Office Michael E. Hendrickson
Ask the "loan sharks" as to whether you can renegotiate this car loan for a somewhat lower rate that would allow you to continue paying it without having, perhaps, to declare bankruptcy.
Answered on 2/06/10, 7:20 pm
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