A bank contract is only one of many things you signed when you intended to purchase the vehicle. The bank is the one to log the reposession so the dealers copy and the banks copy would have to be lost.
Get fast approval for auto finance loan and Auto Loan Financing including bad credit auto financing. Instant auto financing loan provides financing for a new auto loan and used auto loan even if you have bad credit, poor credit, slow credit or after bankruptcy. Our bad credit auto financing programs is available in all 50 US stats in http://www.autofinance-ez.com/
credit as a pecuniary contract means the credit is always expressed in terms of money. when you buy goods on credit from a retail store or borrow money from a bank or any financing institution, it is understood that such obligation shall be paid in money.
If you are looking to purchase a used car you will be able to find great financing as long as you have good credit. The best places to look are local credit unions and local banks that have a branch in your area. If that does not work for you then see if the place you are buying from has in house financing. The financing you get will depend largely on your credit score.
There are several options for financing a car purchase. If you are buying through a dealership, they may offer financing for their customers. You can also get a loan from your bank or credit union.
agricultural credit cooperative financing administrtion
GM got involved in credit card financing in a cobranding arrangement with MasterCard, thus providing automobile and credit card financing to its customers. By 1994, GM had earned $9.4 billion from financing
Dealer Financing vs. Credit Union Financing Use this calculator to help you compare financing between your credit union and low interest dealer financing. A dealer rebate, usually not available when you choose low interest dealer financing, combined credit union financing, can produce a lower initial loan balance, and in many cases, a lower monthly payment. The best option depends on the price of the vehicle, the size of the rebate and the interest rates available for financing.
Buying on credit is also called Buying on Margin
With your good credit you sign a contract to pay off the loan if the original borrower defaults.
I had a dispute with a credit card company. I sent several certified letters to them, requesting a signed (by me), copy of the original contract i allegedly signed with them. They ignored me, and I quit paying them. This has been 2 years now, and I have not heard from them, and my credit was not affected by this. I have learned if a credit card company sells your alleged debt to another card company, your original contract somehow disappears. The card company may threaten you, but the bottom line, there is a consumer bill of rights, and you are entitled to make them provide the original contract. (which they can't do)
This is dependent on the individual. You can find out a lot of information about your credit score in relation to home buying on about.com. Here's the website: http://homebuying.about.com/cs/yourcreditrating/a/credit_score.htm
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