Jim
Orlando,#2Consumer Comment
Sun, January 27, 2013
You claim you were never approved for the loan. Then you say you understood when you are late on payments you can be repo'ed. So then, you were financed and you were obligated to make payments! When you sign a finance contract, you are on the hook for the entire amount of the contract. A repo doesn't make that amount magically disappear! The $6000 you refer to is the entire amount of the contract plus any additionally earned interest.