My question involves a consumer law issue in the State of: North Carolina
I recently purchased a used vehicle on 9/14/17 in North Carolina, the gentlemen that worked there told me I was "approved" for a loan through Truliant FCU with a 6% interest rate and ~$150 monthly payments.I signed a RISC (the dealer was the seller and they assigned their interest to truliant), and a CDA, but did not see any type of cancellation policy. Now fastforward to 9/25/17 I received a phone call from the dealer saying Truliant wont go through with it and will now require a cosigner, which I do not have. Now does the dealer have the right to repossess my vehicle? Thanks!
I recently purchased a used vehicle on 9/14/17 in North Carolina, the gentlemen that worked there told me I was "approved" for a loan through Truliant FCU with a 6% interest rate and ~$150 monthly payments.I signed a RISC (the dealer was the seller and they assigned their interest to truliant), and a CDA, but did not see any type of cancellation policy. Now fastforward to 9/25/17 I received a phone call from the dealer saying Truliant wont go through with it and will now require a cosigner, which I do not have. Now does the dealer have the right to repossess my vehicle? Thanks!
Financing Fell Through
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