Is it legal for a finance company to add additional charges as a balloon payment at the end of a car note without you knowing about it?

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Is it legal for a finance company to add additional charges as a balloon payment at the end of a car note without you knowing about it?

Asked on June 5, 2013 under Insurance Law, Texas

Answers:

SJZ, Member, New York Bar / FreeAdvice Contributing Attorney

Answered 11 years ago | Contributor

They may not be added unless they were part of the finance agreement; but if they were in the agreement, even if there were not specifically highlighted or emphasized for you, they are legal. You should review the agreement again to see what they can and cannot charge you.


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