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If you take a vehicle back to the dealership that was a lemon and don't make the first payment can it be filed on your credit if the dealership forgot to sign their part of the loan paperwork?
Wiki User
∙ 7y ago
Yes, rightly or wrongly. So it is important to follow the proper procedures when dealing with financial contracts.
Wiki User
∙ 7y ago
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Can you return a car if the dealership gave it to you to drive and two months later the bank still has not gotten the paperwork?
If you did not sign any loan or payment paperwork, you can return it and they can't post anything on your credit. They have to have that signature. If they do post it on your credit, you can dispute it for free and have it removed.
How to Finance a Pre-Owned Vehicle if You Have No Credit?
A lot of different men and women have the belief that not having any credit means that they will not be able to obtain the financing that they need in order to purchase a vehicle. However, this is not always the case. When you are interested in purchasing a used vehicle there are a few different things that you should be able to do in order to finance your used vehicle with no credit. For example, there are many different used vehicle dealerships that will offer men and women financing without any credit. This normally requires a down payment.Finding a DealershipBefore you can obtain the financing that you are looking for, you will need to find a dealership that offers such financing. It is a good idea for you to try to go to different used vehicle dealerships in your area. Ask about any in-house financing that they might offer. Once you find a dealership that is willing to work with you, you will be able to look for a car that you want from that dealership. Remember to ask about the down payments that you will have to pay in order to obtain financing with no credit for that vehicle. Down payments are rarely over $2,000. It might be based on a percentage of the total price of the pre-owned vehicle.Getting the Down PaymentOnce you have a car that you know you will be able to afford in mind, you will need to save money in order to make the down payment. This might require you to take advantage of money saving tactics. However, if you have the down payment that is needed, you can give it to the dealership. This is when the financing paperwork begins.Car InsuranceYou will not be able to obtain your vehicle until you have insurance for that car. This means that you will have to go to your car insurance provider and purchase a car insurance policy. Once this has been done, you need to take your proof of insurance to the car dealership.
You Have To Buy To Begin?
If you are one of the Americans out there who have no credit whatsoever, know that there are things that you can still purchase. Car dealers who accept payments at their dealership will approve you for a vehicle as long as you have a down payment and you can provide proof of income. This will also give your credit a boost if you make the payments on time. Furniture stores that accept monthly payments will accept customers who have no credit. Find a store that is willing to work with you on a down payment as well as payment options in order to start a credit rating.
How do you sell a car if you have a loan on it but it is worth more than you still owe?
First subtract the amount owed on the vehicle from the value of the car. Sell the car for this amount, then have the buyer take over the loan. This involves paperwork with your current Dealership, DMV, and of course a bank or credit union.
Two Ways To Finance?
Vehicle financing can be done two ways. You can go to a buy here, pay here car dealership that will sometimes report to credit agencies. If you have good credit, you can finance a car at a larger dealership. Small buy here, pay here lots require a smaller down payment and the monthly payments are not as expensive. You have a choice of when you would like to make your payments during the month depending on how you get paid. Larger car dealers can offer specials to customers on down payments and monthly payments. They will definitely make a report to a credit agency, and the payment will be due at a certain point in the month.
Can you return an auto without a repossession on your credit report?
Your credit report will state that the vehicle was returned. It will still show a balance remaining once this vehicle is auctioned off. This is your best option, but it already has done it's damage to your credit report with missed payment. Also, this will affect your credit score monthly for the next two years from the date of last payment.
When you are at the dealership what do you have to pay when you want a new car Ford Mustang EcoBoost?
When you buy a new car you will either pay in cash the full amount or get credit. If you get credit, you will only need to pay a down payment.
What paperwork do I need to fill out to apply for a bad credit mortgage?
For a bad credit mortgage you need to have a stable income, someone who can guarantee your loan, and a down payment of at least 20%. As well, the rates for these mortgages are much higher.
How can you stop a creditor from harassing you if he sold you a car that hasn't passed GA state emissions?
You can't. If the credit agency was also the car dealership, they must get that car to pass emissions. Most likely, the credit company is not the car dealership. Failing to pay will ruin your credit and possibly get your car hauled away. I would get in direct contact with the dealership and if they refuse contact the attorney general's office. Make the payment though, it is legally required.
If full payment is demanded to prevent repo can this be resolved?
Yes, buy submitting payment in full, or voluntarily surrendering the vehicle. Failure to do either will result in the involuntary repossession of the vehicle. The later will more severely affect your credit rating.
Can a credit card company take your paid off vehicle?
They can if they got a judgment on your possessions for non payment of debt, otherwise no.
What is credit payment safe batch?
credit payment safe batch
