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Retail Installment Contracts

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Junior Member
What is the name of your state? Orange County California

1. What is the limit on interest that can be charged by an entity offering retail installment contracts for goods or services? NOTE - This is a retail installment agreement (not a loan) allowing for payment of services in 12 monthly installments - opened with a significant downpayment.

2. Following the creation of the contract, can it then be sold/transferred to another entity for collection? If so would this prevent the consumer from non-payment of the contract for being unhappy with the services that were rendered by the creator???

Need additional advice. Would like to hear from an attorney that knows the installment contracts, finance law, and compliance like the back of their hand.

NEVERMIND... got my answers

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