Tampa, FL asked in Civil Litigation for Florida

Q: American First Finance, refusal to terminate lease agreement even if I return cell phone?

Leased note 9, june 2019. Was 928.00, plus I put 50.00 down. Here it is 5 months later, and when I try to explain I lost my job, and want to return cell, they refuse by saying if the store accepts it back get a letter stating it, but they know the stores will not take the cell back. I have 724.00 in equity, they claim still owe 630.00

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1 Lawyer Answer
Bruce Alexander Minnick
Bruce Alexander Minnick
  • Tallahassee, FL
  • Licensed in Florida

A: 1. Forget about how much it cost new; not relevant.

2. The store that sold you the note 9 did not loan you any money;

3. all they did was approve you for credit and then sold the note to American First Finance;

4. they are trying to collect the money and do not want the phone.

5. Have you considered paying it off then selling the phone, to recover some of your loss?

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