Overhaulin' - Car Loans and intrest paid due to late payments how long and how much she be paid?

Car Loans and intrest paid due to late payments how long and how much she be paid?

I have been paying on a car loan since 2001. The intrest rate was calculated via this company paying off for my trade in which Ieft a total of $10,000 on. I have a 1998 Ford Explorer and with payments of $470 it was becoming difficult to pay on time with my other bills. I was charged late fee with the late payments and now they are charging me a additional finance charge on the account. I was told this was the intrest on the late fee(s) in the amount of $5000.00. This company has repoed my car when payments were made in error having to bring my car back to me due their error damaged and now they are charging me a additional $5000. The amount of the loan was $26,000 this includes the $10,000 from my trade in and the intrest rate was 21%. I did not know they can charge you a additional amount on the intrest. So I was charge late fee(s) when late and they charged intrest on the late fee(s). Is there something I can do to avoid this add'tl $5000.00 the value of the car is $2000.

Public Comments

Can you clarify what happened for me? Why was it repo'd? If you missed payments then you defaulted on the terms of the loan and they can raise the interest rate to the default rate ( which is outlined in your loan agreement).
attorney time