0
What can you do if a dealership forges your signature on loan paperwork?
Wiki User
∙ 15y ago
sue
Wiki User
∙ 15y ago
Add your answer:
Earn +20 pts
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 does a preapproved auto loan work?
A pre-approved auto loan works by showing the dealership a pre-approval letter. They will check over everything and then they will send you all the paperwork involved. Afterwards, you show all the paperwork to your bank and acquire your loan.
Can a co-borrower of a car loan sign a pay agreement with a new car dealership to trade in the vehicle without the borrower's signature?
Nope, no way, abolutely not.
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?
Yes, rightly or wrongly. So it is important to follow the proper procedures when dealing with financial contracts.
What is the term used for a simple endorsement using signature only?
A signature loan or a personal loan. It has this name because there is no collateral for the loan. The only thing that is guaranteeing repayment is your signature.
When can you take possession of a used car?
You can take possession of a used car immediately if you have signed the paperwork for the loan or if you have paid cash. Sometimes the dealership will need to wash or clean out the car and they may have you wait.
I am buying a car that has hail damage the insurance company sent a check with my name and the dealership name on the check. will i need the dealership signature to cash it?
The value of there collateral has been deminished they will be getting the ins check to reduce the ballance of your loan or the car will have to be repaired
What can the dealership do if the consumer cancels the loan with the finance company before the paperwork is received?
Technically, your legal agreement is with the car dealership, so any subsequent changes with your financing may be irrelevant to your contract unless your agreement was dependent upon acquisition of financing. You may have cancelled your loan but this doesn't directly translate to cancellation of the contract you signed with the dealership. They won't give you the car with a balance due, but you may be subject to fines/penalties, it all depends upon the contract and the dealership. Review your contract terms and try to work with the dealership to resolve the issue.
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.
What happens if you have a woolwich loan yes and who do I contact about that loan?
Your local branch or the address on the paperwork.
What does a loan company do?
Loan processors work along side loan officers and or underwriters in order to process mortgage paperwork. They essentially act like an assistant to the loan officer or underwriter in making sure all the required paperwork is completed and time frames met during the loan transaction. They will work hand and hand with borrowers in facilitating paperwork to and from the lender to try and get the mortgage loan approved.
How do you get a loan to buy a auto dealership?
No. Not if you have the cash.
