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Tom B.
Tom B., Barrister & Solicitor
Category: Canada Law
Satisfied Customers: 2263
Experience:  25 years in practice
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If you perchase a used vechile from a dealership with a loan

Customer Question

if you perchase a used vechile from a dealership with a loan and you return it are you obligated to pay the remaining amount? this is in Saskatchewan. I know it is on my credit rating. I have been told you do not need to pay but it will remain on credit for 7 years. thanks
JA: I hope not. What state is this in? And when did the issue begin?
Customer: It is in saskatchewan and last December. Igot a loan for a new car and that dealership told me i do not need to pay now a so called acrm from toronto ontario is calling me. The loan was with a company called Carfinco
JA: Has anything been filed or reported?
Customer: What do you mean
JA: What confuses you?
Customer: Has what been filed or reported it is on my credit rating and i have sent the credit rating people the paper that states i returned the car but it is still on my credit
JA: Anything else you want the lawyer to know before I connect you?
Customer: Idon't think so. Just wondering what to do
Submitted: 8 months ago.
Category: Canada Law
Expert:  Debra replied 8 months ago.

Hello! My name is***** you for your question. I'm reviewing it now, and will post back again shortly.

Expert:  Debra replied 8 months ago.

Was this a conditional sales contract?

Can you get out the loan agreement and see if that is what it is called?