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les1Subject: Bankruptcy 7 years ago.
Posted on:
01/01/2006 09:43 PM
My paid Ford Ranger was paid for.  It was stolen.  Because
of credit problems, I was sold a 2003 Nissan with a finance
rate of 21%.  However, I have gotten calls from the dealer
and the finance company that they have lost my proof of
income.  I am preparing to get to this again.  In the
meantime, I get a letter stating "income requirements not
met" from the Bank that is supposed to financing me.

I signed the purchase contract with the Toyota dealer
stating price, terms,and payments.  When I give them proof
of income again, will it be possible for them to reject my
proof of income, and I will be without a car?  I assume
that the purchase contract with Toyota is a legal document.
 Can they renege on the contract and say, after I give
copies again of my income, they do not approve of my
income?

My first payment is due 1/7/06.  I want to make my first
payment, but do not it want to be late, and if I do not get
confirmation from them by then, I don't know whether to make
the payment and lose it, but I don't want to be late with my
payment.

Thank you for any information.   
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