Have you ever found yourself with a really bad car loan?

I have an interest rate of %29.99. Originally loan amount was $9504. I paid $2000 down on the car. I got the loan over 13 months ago and still owe over $8000 for it. And the car keeps having problems.

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MikeSp · 56-60, M

It's called a predatory loan. Illegal in some states. They are not going to respect you, so have an attorney send them a letter. The least that should happen is they modify the loan to a reasonable interest so you can actually pay it off. Have attorney check with state consumer affairs. They might be investigating this dealer. Sue if they damage your credit rating.

Spoiledbrat · F

I would also try refinancing with another company. @MikeSp

morrgin · F

@MikeSp I'm trying to find the laws in Oregon on interest rates for vehicle loans.