What recourse would a customer have if when applying for a car loan the salesperson misrepresented the...
can't afford. She says that when she was at the dealership applying
for the loan she told them she gets $892 / mo from Social Security.
After the loan went through and she got the car she somehow got a copy
of the credit app from the lender and it showed her income as being
1892/mo. She claims that the salesperson must have added the 1 to show
enough income for the loan.
Had the application gone through showing her real income, the lender
probably would not have granted the loan. Her bills are getting messy
and she is wondering what if any recourse she has against the dealer
that sold her the car.
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M$3 Answers
Tell her to sell the car now, before she gets behind on payments, and take the bus. Even if the dealership misheard her and put down the wrong amount, she signed the documents and is ultimately responsible.
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M$
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M$
That's what i figured. She was a customer that came to my car lot and wanted to see if i knew of any way to get her out of her situation.