TRIAD FINANCIAL CORPORTATION/ROAD LOANS Deceptive Ato Loans NORTH RICHALND Texas

Just what exact laws are they breaking?

It actually seems like you have some mis-understandings on how car loans work. Triad is a Sub-Prime lender, which means you had Sub-Prime credit. Now, getting a 13.9% interest rate is actually good for a Sub-Prime loan. It would not be uncommon to get in the 18%-20% range.

You didn't specify any details, such as how much you pay a month, how many months you have paid(and are left) and if you paid on time or late. They are calculated to where you pay a set amount on a set day each and every month. So yes in the beginning of the loan you are going to pay a huge percentage to interest and a small percentage to principal. But as the loan goes on toward the end this will reverse, where the biggest percentage will be going to the principal.

Second(and probably more important), is that auto loans do not have grace periods. They have penalty dates, where you are assessed a late fee if you pay after a certain date. But if the payment is due on the 1st, it is late on the 2nd. These extra days add additional interest to your balance. If you are constantly several days late, especially at the beginning, it could add up to an extra few hundred dollars.

The only thing that MAY be a problem is how you got the 14.4% interest rate. It is possible that you had some adjustment, or it is the effective APR(which would account for things such as the late payments).