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Ivory, one of our readers, bought a car at a dealership and drove it home. Fifteen days later, she received a letter saying that the loan had been denied.Here’s her story: Me and my mom were approved for an auto loan on 1/27 we signed all the paperwork even got the car payment bank notes in the mail.
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I was told that my car loan was approved signed all paper work, then over three weeks later told the loan was denied trade invol what should someone do if the were told that their car loan was.
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Why you didn't get approved for a Car Loan – There’s nothing more frustrating than going through the entire car-buying process only to find out at the end that you didn’t get approved for a car loan. While it may appear as if your whole world is crashing down on you after getting denied, it’s possible that you’ll simply need to make a small adjustment or two in order to improve your chances in the future.
Car loan approval depends upon the soundness of your personal financial information and the willingness of auto loan lenders. Loan requirements primarily consist of personal income and a positive credit rating. Without a good credit score, a car loan on favorable terms is next to impossible. That is
Can a dealer keep my deposit (on a non-existant car) if my loan is not approved? Ask Question asked 4 years, 9 months ago. Active 2 years, 1 month ago. Viewed 8k times 2. I am going through the process of ordering a car. It’s a factory order, so it’s not like it is sitting in the lot. The dealer said I had to pay a deposit of $1000, which I did. Then I applied for credit, but since it was.