Collections Law/Used car loan

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Expert: - 10/16/2008


Question
I put $2000 down on a used car yesterday and they say I sign a P&S agreement.  I don't have any such copy of this.  I have since changed my mind on buying the car, but the dealer is saying that he won't give me the $2000 back.  Said that it is non-refundable. Isn't there a 3 day law in place for consumers to changer there mind and protect them in these types of situations?

Answer
Priscilla,

This is called the right to resend.  In order to help you with this, I need to know what state you live it or, you can call your states Department of Consumer Affairs.  If you would like for me to look into this for you, just send a follow up question.

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Ray A Miller

Expertise

I am qualified to answer questions on the following subjects: FDCPA, FCRA and HIPAA as well as medical collections, general collections and collection agency related issues. I trained these subjects at a nationwide collection agency and customer service call center and audited around 150 representatives for compliance to the laws. I have been in the Collections Industry for over 30 years. I feel that everyone deserves to be treated fairly and with compassion and that is the way I trained collectors. Even though I worked for a Collection Agency, I get great satisfaction in helping those who have been mistreated or in need of help with these confusing issues.

Experience

I was the Compliance Administrator with a nationwide collection agency and customer service call center-I have trained hundreds of collectors on the above referenced topics. I have been in the medical collections industry for over twenty years and research these topics on a daily basis.

Organizations
ACA International

Education/Credentials
Some college ACA Certified Collection Specialist

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