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  1. #1
    Join Date
    Jan 2009
    Posts
    1

    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.

  2. #2
    Join Date
    Sep 2005
    Location
    Behind a Desk
    Posts
    98,846

    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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