Q: Contract: Signed agreement for loan but did not read it through before signing because verbally, I thought I understood.
It was a standard process, of filling out a loan application. I thought the loan would be from this company instead they are a third party that charges excessive predatory fees that can be paid with the credit cards they applied on your behalf which is not the plan I had.
In California, it's crucial to thoroughly read and understand any contract before signing, as verbal understandings may not always hold legal weight. If the loan terms were misrepresented, you might have grounds to challenge the contract based on misrepresentation or unfair business practices. To determine the best course of action, consult an attorney who can review the specifics of your case.
James L. Arrasmith
Founder and Chief Legal Counsel of The Law Offices of James L. Arrasmith
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