You consolidated your debts into a loan secured by real estate a little over a year ago. Now you want to go further into debt by obtaining a loan on a motor vehicle that had a loan on it that was paid off by your consolidation loan. You did not volunteer the reason for the loan request or what you plan to do with the loan funds. I don’t know anything else about your credit quality or your debt load or income/payment ratio, but I do see the possibility that you are digging yourself into a hole of debt.

Although it doesn't sound like they took advantage of you, there's a lot more to the story that you opted to not share.

Banks work with loan portfolios and package loans for resale. On any given day, if you went to 5 different banks, the best product each would offer you may be totally different. It is not driven by what you want so much as by the type of business they are looking for. The product they offered you may very well have been the best product they had available at the time for your circumstances / need.

When you look at financial instruments, it is always helpful to approach multiple sources. This gives you the best opportunity to find the right product for you, and to ensure you are not just looking at one option.

No one can say whether you were or were not taken advantage of without knowing your credit score, financial portfolio, and the value of the assets available for collateral at the time.

If you have a good credit score and a salaried job in line with your payments, your best recourse is to refinance your home with the incredibly low interest rates available in todays market.