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Question: i purchased a vehicle i signed a contract with 21% intrest on a car the bank lowered the interest rate to 18.5 but never drew up a new contract is this a legal contract or not
It is beyond the scope of AZLawHelp to say whether the banks actions are legal or not. Where contracts are concerned, the question is usually whether the contract or change in a contract is binding or not. We are unable to make that determination through this site as the terms of the contract, circumstances surrounding the change, and what the bank specifically did on its end are unknown. For specific advice related to the contract, contact an attorney directly. Individuals may apply for free and reduced fee legal services by using the “Access To Justice Online Intake System” on AZLawHelp.
i purchased a vehicle i signed a contract with 21% intrest on a car the bank lowered the interest rate to 18.5 but never drew up a new contract is this a legal contract or not
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