Texans victimized by payment packing can heave a great sigh of relief on hearing this news. Fraud attorneys of Allen Stewart P.C. are now offering excellent legal services to allow their clients to access the maximum benefits.
Payment packing refers to packing the car-buying contract, which occurs when car dealerships increase the monthly payments intentionally. What’s alarming is that this problem is growing in the US.
It can come in different forms. For example, the vehicle salesperson can provide the customer with a price quote for extra products, including credit life insurance, gap insurance, VIN etching, undercoating, etc. Other fraudulent actions may include falsely raising the interest rate, decreasing the down payment without the customer’s knowledge, or artificially increasing the new car price.
Payment packing may cost customers a significant amount of money in the long term. For example, when $50 is added to monthly payments, the net result becomes $3000 for a 60-month loan.
When asked to give an opinion on this topic, one of the officials of Allen Stewart commented, “It is worrying that this problem is increasing every day. Nevertheless, consumers can follow some simple tips to avoid payment packing. Online shopping can be an effective technique in this regard. Customers can get multiple quotes, and because the competition among dealers in the online world is high, it can be advantageous. Another useful strategy will be to know the interest rate and the actual vehicle price. We would also suggest our clients research information about the vehicle they want to know the true new car cost.”
He also added, “Our firm has some qualified lawyers who can offer the necessary legal assistance. So, if someone thinks that he or she has paid for something that was never wanted, they must contact one of our lawyers as soon as possible. Our attorney will go through the car-buying contract to check for potential discrepancies and help them access the maximum benefits.”
About the Firm
Headed by Allen M. Stewart, a leading trial attorney in Dallas, Allen Stewart P.C. is a Dallas-based attorney firm that offers services in various legal areas. They believe that consumers who fall victim to fraud by big companies need legal protection. For more information, you may visit their website.
Address: 1700 Pacific Avenue Suite 2750, Dallas, Texas 75201