auto loan

[JacksonBrumley7@gmail.com]

I just found out that I have a $29,000 plus loan on a vehicle that was valued at only $17,500 at the time the loan was made. This without my knowledge. That is 175% loan. Is this legal in Tennessee?

Thank you for your time,

Jackson Brumley

[Ian Bothom]

Wrong conception that one would be in need of loan modification only in recession. It’s true that because of recessions people were not able to make loan payments, which they had already taken. The slump in the economy and no fund across the board forced many people to opt for loan. It was like a savior which helped them keep away from repossession.