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Yes, I showed proof of income and explained it.I is a used car bought from a licensed Chevrolet dealership.They asked if we could use my husband also, but he is an unemployed student.
I made my down payment, but nothing to the bank yet.
Maria,In that case I likely have unwelcome news. Typically any sort of an agreement, if not yet finalized, can be potentially rescinded IF there is language to do so. I urge you to review the language under loan to see if they left themselves an opening allowing them to cancel the loan if the financial information upon subsequent review is not valid. If they did, they can refuse the loan, and as a consequence demand the car to be returned back to them.However, you do have options. If they were well aware of your financial situation and chose to extend credit, the risk is on them and not on you (if that language does not exist). You can therefore threaten them with breach of contract, fraud, misrepresentation, and also with 'bait and switch' tactics that are illegal--in other words you can claim that they promised one set of terms, then when you signed, they changed the rules. That happens to be against the law. Demand a viable conclusion or you will make a complaint against them with your Attorney General's Office, specifically their consumer protection division. The state investigates such claims very seriously, and if they find them to be engaged in such actions, the state may fine them, invalidate your loan so you do not have to pay it, or even take away that business's license to conduct business in your state.Hope that helps.
Thank you very much for your help!
Maria,You are most welcome, truly! Glad to help.If you found my information to be useful, please do not forget to positively rate my answers to you so I can obtain credit for my work. Thank you!
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