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What is GA law regarding yo-yo finance scams? I purchased ...
Sent to Legal Experts November 23 04:30 PM

What is GA law regarding yo-yo finance scams? I purchased a vehicle on 10-14-07, signed all req.d docs, put $3500.00 dollars down on a $10,000.00 vehicle. I got a call saying I needed to come finish signing my docs to finalize the sale. Meanwhile, I got a call 2 days after purchasing the vehicle stating that I had been approved for a loan and was I still interested in the vehicle. I was even told it was still on the lot for sale, my int. rate, loan terms and monthly payment continuously changed. I spoke directly to the finance company and was told what my terms would be, he then called the dealership to notify them of acceptance of this loan. I went in to sign another contract, and there were all kinds of additonal charges added in, the dealership had no idea I had spoken with the finance co. I was told to come back Mon. & all would be straightened out. They refused the loan, repoed the car, kept $440.00 of deposit, and said car was sold 2 days b-4 repo at an auction. LEGAL???

 

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SNELLVILLE, Georgia

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