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You are here: Experts > Autos > Tips on Buying Cars > Tips on Buying Cars > car loan
Expert: Ray Paulsen - 11/1/2009
Question
Hi,i got a loan on my car when i was in GA state and bought a second car at the same state from the same financial company, then i moved to KY state and contacted a branch of that company to transfer my loan from GA to KY state so i can do the payment follow up localy but here is my problem : the Kentucky branch charge me an additional finance charge of $5000.00 just to switch my account from GA to KY and i have been paying it each month.
1/ is the new finance charge of $ 5000.00 mandatory ?
2/ do i have to pay it all or stop paying it?
3/ if they are not suppose to charge me $5000.00, can i get a full refund ? and how?
4/ what do i need to know and do to ask for a refinancing of my two cars loan ?
Thank you for your help and time.
Scott.
Answer
Hey Scott,
Something is not right here, what you're saying can't be, if it is then legal answers must be explained.
If you care to explain in more detail leave a phone number along with best time to reach you, and check the make private box.
Or you can pursue this link on my website for free legal advice http://www.usedcartips.org/dispute.html
Ray
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