I had no knowledge of it at all; When I went to pay my bill online, it said “your loan has been purchased by XXXXXX company.”
Is it legal for a loan company to do this? Without prior notification or disclosures?? I have not received anything stating my interest is the same, but I did notice the fee to make an online/phone payment is now ten bucks. Advice please-not sure how to handle this if there’s even anything I can do.
New company says on their website they dont do refinancing-no rate negotiations. I don’t even know what my interest rate is now, and can’t get someone on the phone to tell me. Seems this company bought my loan back in January, but I had no idea until today. I printed a statement of past payments, and the amounts paid to principle & interest seem to be floating..

I need to get an auto loan, but I have little credit history. I don’t feel comfortable giving my personal information to some of these online sites. Can anyone recommend a legitimate company?
I am looking at buying from a private seller.

I’m trying to buy a 2007 mistubishi eclipse. it’s the perfect little car for myself. saw it at a dealership and fell in love with it. i’m 19 and i have two jobs making about 1500 a month. but i’ve been looking at car insurance rates online and they’re ridiculous. like 550 dollars a month, plus like a 450$ down payment for full coverage auto insurance. since i don’t have 14,000 in my pocket, i would need to set up a loan with the dealership. but my question is,…. if i went to my bank and told them i needed a 14000$ loan for something other than a car, would i be able to pay off the dealer in full and just put the car under liability? while of course paying my bank off for the loan.
and i also live in PA, i don’t know if the state i live in makes a difference.
thanks!

I am 20 years old with no credit in need of 1200 for auto repairs. I am currently working so I am able to make monthly payments for up to a year. I don’t want to go no longer then a year term of paying off the loan. I need a source that offers a low annaul percentage rate. From what I seen online, my bank (wellsfargo) offers a 10.78% apr. I don’t know if thats good or not compared to other aprs offered. I can pay up to $350 monthly. I would just wait and save up but I am in kind of an emergency any need my vehicle fixed ASAP!!!

E-Loan, an online lending service, recently offered 60-month auto loans at 5.4% compounded monthly to applicants with good credit ratings. Determine the total interest you will pay if you take out a loan with monthly payments of $469. (Do not round until the final answer. Then, round to the nearest cent.)

I just applied for a joint personal loan from USAA for the grand total of $7,500

Reason being is they ridiculously totaled out my Mercedes and paid off the lien on it, but I kept the salvage and need to get it fixed.

Good for me, I am paying $7,500 for a $60,000 car! Anyway… I was approved for the loan and the joint-applicant and I signed the loan pre-closing documents online. Everything is online with this company. The loan is still pending and when I called, they said that it’s still under review and should have a decision within 24 hours.

My question is, can they revoke this loan? I have absolutely no debt anymore since my auto loan is paid off except $120 on my credit card…. but no credit score (yet) the joint applicant, my mom, has about $9000 in debt but an adequate and established credit score.

Can they, and would they revoke a $7,500 personal loan? It hardly seems like a giant amount that such a large company would hesitate to lend out.

HELP

Thanks in advance!
It said we were approved, and we signed the pre-closing documents… then when I called today they said they had to verify and review some things.

As for income. I own my business and make around $6500 a month. My mom makes around $850 a month part time and 2600 a month from child support & alimony.

We were able to secure the loan on my Mercedes. Why not this?

I am a 21 yr old single mother of a 3 month old boy who attends college online F/t and works as a waitress p/t at a resort. Is there any place to get an auto loan for a student that does not require an income of $1500?
I am a 21 yr old single mother of a 3 month old boy who attends college online F/t and works as a waitress p/t at a resort. Is there any place to get an auto loan for a student that does not require an income of $1500?
Paying in cash is not an option, I want to find a loan for about $10,000 or a little less.

And please no smart comments about being a single mother! That is not what this forum is for and it is not necessary or appreciated. If you want to make a comment about such things maybe one about a man turning his back on his fiancée and child would be more appropriate…
I am a 21 yr old single mother of a 3 month old boy who attends college online F/t and works as a waitress p/t at a resort. Is there any place to get an auto loan for a student that does not require an income of $1500?
Paying in cash is not an option, I want to find a loan for about $10,000 or a little less so I can purchase a vehicle that will last for a few years, and will not nickel and dime me like my last car (put almost 3000 in it before my son was born and it still needs work every other month)

And please no smart comments about being a single mother! That is not what this forum is for and it is not necessary or appreciated. These comments will be reported as abuse! Despite this immature action thank you….

I have a poor credit score due to some mistakes with credit cards in the past. I have been doing things to improve and build my credit however I have recently had my car break down severely and need to purchase a new car asap. I have applied online through my bank for an auto loan but it was denied since my credit score is still not high enough. I have steady full-time job @ 2000 monthly and am able to take on a car payment. I don’t have time to save a few thousand dollars Cash, I need a new car Now. I don’t feel comfortable going through the dealer, I got accepted through a dealer already but the loan is through a very questionable company with lots of complaints online. If I could finance through my bank I’d have lots more options and security. If I go to a branch and speak with a loan officer in person, with proof of income in hand, and explain my case, will I have any chances of getting approved? Accepting the consequence of a high interest rate? Thanks for your help!
I’m sorry, I’m looking to buy a used car.

Dont have credit, been at my job for about 9 months, and overall make 1100 a month. at most they are making me as 5,000 but i really dont even need that, I would really just need 1,000… think theyd negotiate.? I got approved online but still need to talk to them.