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https://ficoforums.myfico.com/t5/Auto-Loans/Financing-denied-after-buying-car/td-p/4878774
Hello I bought a new car 3 weeks ago, signed paperwork/contract, paid downpayment (traded in a car as the down) and drove home happy. Today - 3 weeks later I got a letter in the mail saying the application for credit/financing was denied. The first payment would be due 3/31 so I thought the lette...
https://law.freeadvice.com/general_practice/contract_law/auto-loan-financing-denied.htm
If a vehicle is bought using financing, and the auto loan financing falls through, the buyer will have to return the car to the dealership unless other financing is secured. ... Auto Loan Financing Denied: What Happens to the Car. Gerry Goldscholle, ...
https://www.hg.org/legal-articles/approved-for-financing-at-the-dealer-then-denied-a-few-days-later-what-happens-now-31148
It is a horrifying situation. You buy a car, motorcycle, or RV by financing it at the dealership. You sign the paperwork and drive it home with the dealer's blessings only to discover a few days later that the financing has suddenly and unexpectedly been denied.Author: HG.Org
https://pocketsense.com/what-happens-when-a-car-loan-does-not-go-through-12420171.html
A bank can deny a car loan for many reasons, with poor credit being the most common. Although the dealer preapproved you for a car loan based on information in your credit application, the lender can still deny the loan after it receives the sales contract and takes a closer look at your financial situation.
https://www.bankrate.com/loans/auto-loans/denied-car-loan-because-of-credit-heres-what-to-do/
Denied car loan because of credit? Here’s what to do . ... It’s likely the reason you were denied a loan was because your car repossession is still on your credit report. These stay on your ...Author: Tara Mello
https://cars.usnews.com/cars-trucks/reasons-you-didnt-get-that-car-loan
Mar 31, 2017 · 5 Reasons You Didn't Get That Car Loan. ... Before you apply for a loan – or if you are considering reapplying after your loan was denied – get a free report from Experian, TransUnion, or Equifax, and comb it for errors. [How to Finance a Car and Get a Car Loan] ...
https://www.avvo.com/legal-answers/what-are-a-car-buyer-s-rights-if-a-car-loan-is-den-28367.html
What are a car buyer's rights if a car loan is denied and you have taken the car if a car dealership gives you a car without having a buyer for the loan, will you be penalized for giving the car back?
http://www.realcartips.com/carloans/405-car-financing-spot-delivery-scam.shtml
One of the most common car dealer tricks is called the Spot Delivery Scam.. This is when the dealer arranges the financing, lets you take the car home, then calls you up several days later informing you the financing fell through and you need to bring the car back.
https://law.freeadvice.com/general_practice/contract_law/leasing_contract_apporval.htm
For example, a car dealership takes out a loan to purchase the vehicles on their lot from the manufacturer. After a sale, the dealership repays that portion of the loan to the backing bank. Because the dealership is backed by a bank, the bank has discretion to approve any loans car leases since it is their loss if you fail to repay.
https://www.expertlaw.com/forums/showthread.php?t=122995
Jun 10, 2011 · Financing Denied After Having Car for One Month - Dealer Charges Daily Rate/Mileage My question involves a consumer law issue in the State of: Colorado We purchased a used car from a Toyota dealership in town and they said they could get us a 2.9% loan.
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