Legal Question in Consumer Law in Texas
usary law
We bought our niece a car and she is paying us back with interest. We just recieved a letter from an attorney that we are charging to much in interest. What should we do? can they take us to court there is no interest stated in the contract he just said that the total amount was to high? what should we do?
1 Answer from Attorneys
Re: usary law
Based on what you have written, it appears that there may be some questions as to what you are charging your niece for the vehicle. You should review the terms of your written agreement for the vehicle. Additionally, you may want to consider having the agreement reviewed by a local law firm and potentially respond to the attorney who drafted the letter you received. If my local law firm can assist you with this legal issue or any other legal matter, please contact us at [email protected] to arrange for a consultation.
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