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Auto Loans and Repossession Creditor actions following late payment or default on motor vehicle loans.

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Old 01-27-2009, 10:03 AM
mod12man mod12man is offline
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Default Loan Balance After Last Payment
My question involves an auto loan or repossession in the State of: CA
My credit wasnt the best 5 years ago when I needed a new vehicle. I ended up getting a loan from Drive Financial for $15,000. Terms were 60 months at $568.13 per month. now after completing the 60th payment, they are calling me saying I still owe them $3,000 more for "interest". Ive already paid them $33,000 for a $15,000 loan. Is this legal? If not, how do I go about resolving this. I sure dont want them trying to reposess the vehicle, yet I feel I dont owe them another cent.
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Old 01-29-2009, 11:45 AM
Mr. Knowitall Mr. Knowitall is online now
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Default Re: Loan
Have you asked for an accounting of your payments, and how they came up with the additional balance due?
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