Legal

Ask a Lawyer and Get Answers to Your Legal Questions

Ask a Lawyer,
Get an Answer ASAP!

Legal
This answer was rated:

My boyfriend and I have been paying on a carloan that was

Hi, My boyfriend and I...
Hi, My boyfriend and I have been paying on a carloan that was financed in 2012 on time (few missed payments in first year) but we haven't touched the principle. I am concerned we never will, especially since we have 3 years of on time payments and still owe the same amount we financed.
JA: What state are you in? It matters because laws vary by location.
Customer: California
JA: Has anything been filed or reported?
Customer: No
JA: Anything else you want the lawyer to know before I connect you?
Customer: We just basically want to know if this is legal and if there is another option. The loan has drug down both our credit scores and because we haven't touched the interest we are trapped with the loan because we are so upside down on it now.
Show More
Show Less
Ask Your Own Legal Question
Customer reply replied 1 year ago
Also we are both veterans, I don't know if that information changes anything.
Answered in 11 minutes by:
10/13/2016
Law Educator, Esq.
Category: Legal
Satisfied Customers: 119,525
Experience: JA Mentor -Attorney Labor/employment, corporate, sports law, admiralty/maritime and civil rights law
Verified
Thank you for your question. I look forward to working with you to provide you the information you are seeking for educational purposes only.
Well, the loan should be for a specific term and is supposed to decrease based on approaching the end of that term. If that is not happening, the loan could be a predatory loan and it is something you need to take to a local consumer protection attorney and have them actually review your loan document (forensic loan audit) to determine if this is indeed a predatory loan and if it is, you can sue the lender for damages and to modify the loan to a loan with terms that are not predatory. Unless that loan document is actually reviewed though, there is no way to really know for certain the complete legality of your loan.
Ask Your Own Legal Question
Customer reply replied 1 year ago
I think it's a variable interest rate. It's through Santander Bank, which there are tons of problems with on the BBB.
Thank you for your reply.
You have to still get your loan contract reviewed, because if they are not violating the terms of the agreement and it is properly set up to decrease as you near the end of your term if you agreed to the loan, you can be still liable for paying it. So your first step is getting your loan document reviewed for it being a violation of the predatory loan laws.
Ask Your Own Legal Question
Customer reply replied 1 year ago
Ok, thank you!
Please do not forget to leave positive feedback by clicking on the 5 stars at the top of your page , as the experts are not employees of the site and get no credit for spending time with customers unless they leave positive feedback. Thank you.
Law Educator, Esq.
Category: Legal
Satisfied Customers: 119,525
Experience: JA Mentor -Attorney Labor/employment, corporate, sports law, admiralty/maritime and civil rights law
Verified
Law Educator, Esq. and 87 other Legal Specialists are ready to help you
Ask your own question now
Ask Law Educator, Esq. Your Own Question
Law Educator, Esq.
Law Educator, Esq.
Law Educator, Esq., Attorney
Category: Legal
Satisfied Customers: 119,525
119,525 Satisfied Customers
Experience: JA Mentor -Attorney Labor/employment, corporate, sports law, admiralty/maritime and civil rights law

Law Educator, Esq. is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

Mr. Kaplun clearly had an exceptional understanding of the issue and was able to explain it concisely. I would recommend JustAnswer to anyone. Great service that lives up to its promises!

Gary B.Edmond, OK

My Expert was fast and seemed to have the answer to my taser question at the tips of her fingers. Communication was excellent. I left feeling confident in her answer.

EricRedwood City, CA

I am very pleased with JustAnswer as a place to go for divorce or criminal law knowledge and insight.

MichaelWichita, KS

PaulMJD helped me with questions I had regarding an urgent legal matter. His answers were excellent.

Three H.Houston, TX

Anne was extremely helpful. Her information put me in the right direction for action that kept me legal, possible saving me a ton of money in the future. Thank you again, Anne!!

ElaineAtlanta, GA

It worked great. I had the facts and I presented them to my ex-landlord and she folded and returned my deposit. The 50 bucks I spent with you solved my problem.

TonyApopka, FL

Not only did he answer my Michigan divorce question but was also able to help me out with it, too. I have since won my legal case on this matter and thank you so much for it.

LeeMichigan

< Previous | Next >

Meet the Experts:

Tina

Tina

Lawyer

8,775 satisfied customers

JD, BBA Over 25 years legal and business experience.

Ely

Ely

Counselor at Law

24,218 satisfied customers

Private practice with focus on family, criminal, PI, consumer protection, and business consultation.

INFOLAWYER

INFOLAWYER

Attorney

20,218 satisfied customers

Licensed attorney helping individuals and businesses

JPEsq

JPEsq

Attorney

2,132 satisfied customers

Experience as general attorney, in house counsel, SSDI, Family Law attorney, and law professor

Law Educator, Esq.

Law Educator, Esq.

Attorney

119,525 satisfied customers

JA Mentor -Attorney Labor/employment, corporate, sports law, admiralty/maritime and civil rights law

Ellen

Ellen

Lawyer, Consultant

8,238 satisfied customers

25 years of experience helping people like you.

Guillermo J. Senmartin, Esq.

Guillermo J. Senmartin, Esq.

Attorney

287 satisfied customers

7+ years of experience handling various legal matters.

< Previous | Next >

Related Legal Questions
I loaned money to a friend. I first loaned him $3000 and he
I loaned money to a friend. I first loaned him $3000 and he paid me $100. He then asked for an additional loan of 2100 so the total loan was $5000. He has breached his agreement to pay me a minimum of… read more
Olivia Kent
Olivia Kent
Managing Partner
Law (J.D.) and Medicine (M.D.)
1,441 satisfied customers
I am an employee at a day care center who an employee took
I am an employee at a day care center who an employee took out a loan using the center as a co signer the payments got behind and the person failed to notify the center and now the loaner has frozen t… read more
Legal Eagle
Legal Eagle
Attorney
Doctoral Degree
5,921 satisfied customers
I have to default on my loans i have 5 position loans.
i have to default on my loans i have 5 position loans … read more
Law Educator, Esq.
Law Educator, Esq.
Attorney
119,525 satisfied customers
Can I sue the court appointed forensic psychologist in small
Can I sue the court appointed forensic psychologist in small claims court if he is family, creating conflict of interest and wont recuse himself nor will the judge remove him? … read more
Law Educator, Esq.
Law Educator, Esq.
Attorney
119,525 satisfied customers
The hospital I work at of appx 350 -500 employees contracted
The hospital I work at of appx 350 -500 employees contracted to build a new rehab hosp on the property. This caused 300+ employee to lose their hospital parking and relocated us to a field a mile and … read more
LegalPro54
LegalPro54
Doctoral Degree
1,258 satisfied customers
How can I get in touch with gov., Like BBB or the atty.
How can I get in touch with gov., Like BBB or the atty. General In Mexico … read more
LegalGems
LegalGems
Juris Doctorate
10,176 satisfied customers
Loan repayment. Texas. NO it was a personal loan made there
NO it was a personal loan made there is evidence but nothing was signed … read more
RobertJDFL
RobertJDFL
Attorney
Juris Doctorate
5 satisfied customers
A former employee of a small commercial loan brokerage
A former employee of a small commercial loan brokerage terminated his relationship with company over 7-years ago before an earned commission was paid to the brokerage. The commission was not paid at l… read more
Legal Eagle
Legal Eagle
Attorney
Doctoral Degree
5,921 satisfied customers
Been to BBB, Legal Aide, TSBDA and I don't know where else.
Been to BBB, Legal Aide, TSBDA and I don't know where else. White Oak Dental charged me $4680 for ONE root canal. That is the cost of two but the front desk was so nice and chatty and, I thought, repu… read more
INFOLAWYER
INFOLAWYER
Attorney
Doctoral Degree
20,218 satisfied customers
I had entered into a loan process for a time share & was
Hi, I had entered into a loan process for a time share & was told I had until the end of October to finalize my decision, as I was unemployed at the time & trying to start 2 different businesses at th… read more
Phillips Esq.
Phillips Esq.
Attorney
Juris Doctor
17,979 satisfied customers
I entered a contract with a loan broker to assist me in
Hi, I entered a contract with a loan broker to assist me in getting an SBA loan for contruction/business start-up. We paid $1250 which was 50 percent of his due diligence fee. The other 50% was due up… read more
LegalGems
LegalGems
Juris Doctorate
10,176 satisfied customers
Car loan sold to another loan company did i have to sign
Car loan sold to another loan company did i have to sign again as copayee? … read more
Law Educator, Esq.
Law Educator, Esq.
Attorney
119,525 satisfied customers
An employee of mine signed a contract when she is neither
An employee of mine signed a contract when she is neither authorised to do so or has the authority. Only one person may sign contracts and that is the Managing Director.The contract is almost a scam i… read more
Roy Hadavi
Roy Hadavi
Attorney
Juris Doctorate
886 satisfied customers
I am a contract 1099 employee is CA. a co worker is suing
i am a contract 1099 employee is CA. a co worker is suing for sexual harassment and her attorney has asked to speak with me. I do have to inform the company that her attorney wants to speak with me … read more
Legal Eagle
Legal Eagle
Attorney
Doctoral Degree
5,921 satisfied customers
You cant help you are a fraud I will report you to the bbb.
you cant help you are a fraud I will report you to the bbb … read more
socrateaser
socrateaser
1,031 satisfied customers
Can I be held liable for a auto loan contract if the finance
Can I be held liable for a auto loan contract if the finance co.can't get the title to the auto due to fraud committed by the dealer? … read more
Barrister
Barrister
Attorney/Landlord/Realtor
Doctoral Degree
34,623 satisfied customers
I have a contract for a loan that I need reviewed.
Hi, I have a contract for a loan that I need reviewed … read more
LawTalk
LawTalk
Attorney at Law
Juris Doctor
128 satisfied customers
Somebody lent me money no contract about the loan was
Somebody lent me money no contract about the loan was signed. I left my truck's tittle signed in the back and a bill of sale only with my information to make sure i was going to pay the money back. I … read more
AttyHeather
AttyHeather
Attorney
Juris Doctorate
637 satisfied customers

DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

Show MoreShow Less

Ask Your Question

x