Can a car title loan company charge a over 700 dollars in interest on a 1000 title loan including car fee,late & repo fees?

Asked over 2 years ago - Kissimmee, FL

They told me it is legal but the florida statue says different on charging anything over 30% and they cant charge any other fees. help!

Attorney answers (2)

  1. Dana L. Manner

    Contributor Level 15

    1

    Lawyer agrees

    Answered . You need to consult with a consumer advocate attorney ASAP! Title loan lenders are notorious for exceeding the limits on legal rates and fees, and it is impossible to tell if you have a claim against the lender until all of the documents and charges are reviewed by an attorney.

    You can find one here: www.naca.net or view my profile on Avvo.

    I am an attorney who is only licensed in the State of Florida. My answer is general legal advice based upon what I... more
  2. Felipe Bastos Fulgencio

    Contributor Level 11

    Answered . I agree with my colleague. Please consult a local attorney as soon as possible to protect your rights.

    Sincerely,

    Felipe Fulgencio, Esq.
    Fulgencio Law | Hyde Park, Tampa, FL

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