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Deceptive Financing


Truth in Lending Disclosures

Consumers are entitled to receive accurate and honest financing numbers from their lenders. When a consumer is buying a car on credit, the dealer becomes the lender with the intent to sell the loan to a bank or a finance company or to finance the car “in house.”

All of the figures on the retail installment contract must be correct on the day that the contract is signed by the consumer. If the dealer later states there was an error in the financing, and requests the consumer to sign a new retail installment contract, it is a violation of the Truth in Lending Act.

Photo by Lars Ploughmann

Portland Office

8835 SW Canyon Ln
Ste 130
Portland, OR 97225


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Salem Office

838 Commercial St. NE

Salem, OR 97301

Phone: 503-383-1496    Fax:  503-766-6477


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