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Illegal Contract?
I purchased an older vehicle from a dealership in Wisconsin. They are a dealership but they did some sort of their own financing and were charging me almost 19% interest
Now I am learning that they have not been reporting to any credit agency
I feel that all the payements were made and also the 48 months were up in January 2007 they had me still making payments into June of 2007 when I went to buy a new vehicle from another dealership the financers there said there is no records of me even buying a car so showed them all my paperwork from the 1st dealer and 2nd dealer was in shock! they said the contract was illegal and took copies of it to show to the state etc ...I been told that its illegal because of usury law, its expired contract and that they were not legally able to finance as a dealer and not report to credit so in meantime ive been trying to find proof of all my side but they are now saying I only made 39 of 48 payments on it and its a year later now and they are taking me to court demanding over 2,000$ they waited a year never tried to reposses just now taking me to court ...can they actually get a judgement this way? How do I know if the contract is really illegal? Can a dealership do their own financing and not report it to credit agencies ?