If after buying a car the finace company cant find your credit score. Can that car company take that car back?

Question

If after buying a car the finace company cant find your credit score. Can that car company take that car back?

Answer 1

Read the back of your sales contract, normally it will state
that if the car dealer can not get you a loan, they can take
the car back (California, not sure about other states)
So if the finance company can not find your FICO score
and decide that they do not want to lend they can reject
your application. The car dealer would then attempt to
place your loan with a different lender but if the rejections
keep coming they will take the car back.

There are always lenders that will lend money, regardless
of your credit history, these lenders deal in what is called
hard money and the interest rates are much higher than
the standard rates. If your dealer attempts or finds you
a loan, it must be at or below the rate on your sales
contract, you are not obligated to accept a loan at higher
rates, so if you signed for 10% and they try to place at
12% you can cancel the contract, the dealer may just
ask you to come in and sign a new contract because
they forgot to add something, be very careful when
looking at the interest rate to be certain they didn't change
it on you because if you sign, you are obligated to that.

Answer 2

Yes they can..You do not own the car until you have the pink slips in your hands. They should not let you take the car off the lot until everything is finalized. Give the car back and go else where.

Answer 3

They generally don't care about your credit score as long as you are making your payments. If you fail to make payments, then they still don't care about your credit score. Credit scores only mean something when applying for loans or credit.

Answer 4

if you're cutting-edge on your funds, you're pleasing the settlement, and there are not any grounds for repossession until eventually you provided fake training on the employing for credit.