My wife and I traded cars with above dealer on 1-22-06 it seemed like no big deal at the time, we told them about our recent bankrupcty and they said no problem.
Well we bought the car and signed all the loan papers and financed it thru toyata motor credit and drove home, 2 days later dealer called us back to resign loan papers at a lower interest rate so we did and waited for our payment bok to ariive.
Well instead of payment book we recived 3 weeks later a letter from toyota seeking proof of employment to consider loan, then 2 days later we recieved another letter from toyota saying upon further review our loan has been denied but we will reconsider your your application under modifed terms.
So what do we do now are we the victims of bait and switch are we being screwed for a higher interest rate since we already have new car and ou old one is long gone via an auction. So what is our rights here? Do we have a case for fruad? What would you do in a case like this?
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