Guys,
Right now I am speechless. Here is what happened.
I applied for an $8000 loan person to person with Capital One. I had no idea what car I wanted to buy, so I figured I would just see if I could get approved and go from there. So Capital One calls me and tells me I have been approved. I ask them how much I am approved for and they said if I needed more to fill out another application and send it in.
I do this and ask for $20,000. They call me back and say it has been approved. Well, I am now getting close to NSX prices so I find the NSX I want and call Capital One and ask them to bump it up again. They said ok, been approved.
Well, I fly down to pick up the car, give the guy the check and drive 9 hours home. I fax everything Capital One asks for.
3 days later I get a call from Capital One. They tell me that on my 2nd application I typed an extra “0” at the end of my income per month. I tell them obviously I don’t make over $500,000 per year otherwise I wouldn’t be needing a loan for $25,000. Well, they tell me the loan has been rejected.
I tell them they approved it, gave me the check, and that I have already purchased the car and it is sitting in my garage. I even had the seller call Capital One to verify everything was ok before he handed me over the keys. They said the loan was fine and I was approved and we could go ahead with the purchase.
So now I have this gentleman’s car that I flew down to pick up ($200 flight) and spent 9 hours and over $100 in gas to get home, and apparently a check that has bounced. I don’t have any vacation left to take a day off and am in no mood to drive another 9 hours and pay for a flight home all because Capital One are morons…
I am in quite a bind! This is not the sellers fault, but I also don't believe it was mine. Capital One are to blame but they will not pay for the car to be shipped or the $300+ I spent on the car. Your thoughts…
Jonny
Right now I am speechless. Here is what happened.
I applied for an $8000 loan person to person with Capital One. I had no idea what car I wanted to buy, so I figured I would just see if I could get approved and go from there. So Capital One calls me and tells me I have been approved. I ask them how much I am approved for and they said if I needed more to fill out another application and send it in.
I do this and ask for $20,000. They call me back and say it has been approved. Well, I am now getting close to NSX prices so I find the NSX I want and call Capital One and ask them to bump it up again. They said ok, been approved.
Well, I fly down to pick up the car, give the guy the check and drive 9 hours home. I fax everything Capital One asks for.
3 days later I get a call from Capital One. They tell me that on my 2nd application I typed an extra “0” at the end of my income per month. I tell them obviously I don’t make over $500,000 per year otherwise I wouldn’t be needing a loan for $25,000. Well, they tell me the loan has been rejected.
I tell them they approved it, gave me the check, and that I have already purchased the car and it is sitting in my garage. I even had the seller call Capital One to verify everything was ok before he handed me over the keys. They said the loan was fine and I was approved and we could go ahead with the purchase.
So now I have this gentleman’s car that I flew down to pick up ($200 flight) and spent 9 hours and over $100 in gas to get home, and apparently a check that has bounced. I don’t have any vacation left to take a day off and am in no mood to drive another 9 hours and pay for a flight home all because Capital One are morons…
I am in quite a bind! This is not the sellers fault, but I also don't believe it was mine. Capital One are to blame but they will not pay for the car to be shipped or the $300+ I spent on the car. Your thoughts…
Jonny