What is the name of your state?CA. I signed for a $2000 30 day loan with 25%. I used my '97 mercedez sedan (great condition and low mileage) as collateral. I had the money in 28 days, I called the loan officer to pick up the money and drop off my car, he didnt returned my calls until 2 days after the due date, now he says the payment is late and I have to pay $610 in late fees, storage, loan origination, etc. plus $250 because he changed the fluids in my car! Total fees come out to around $3,500. I agreed to pay what was in the contract and mailed him $2605 in money orders. Now he says he never received the money orders and I have to pay an additional $610 along with the amount I didnt agree on because I am late again. He wants me to send him another payment of $1365! He said that every time I am late he will add another $610 to the payoff amount. I dont believe him when he says he didnt receive the money orders, so I had the post office put a trace on them. However, that takes 30 days and by that time I will be late again! If I send him what his asking for, it will be a little over $4000 and I probably wont see a dime of it, even if we go to small claims. The worst part is that if I dont pay him, I will loose my car!
Please help me! p.s. I cant find this guys business lic. anywhere in the U.S. and I only have 2 P.O. box addresses and 2 phone numbers for him.
Please help me! p.s. I cant find this guys business lic. anywhere in the U.S. and I only have 2 P.O. box addresses and 2 phone numbers for him.