Purchased a car in November and was financed by Drive Financial. Have paid ever bill on time. On Saturday, 10 Feb 07, received my bill as always.in the mail with the bill I also recieved a letter from Drive Financial saying my credit had been disapproved. I had already made three payments and had invested money into the vehicle. Payments, taxes for tags, maintenance, etc has gone over $3,400.00 at this point.
I went to the Dealer I bought the car from and told them what had happen and gave them copies of the bill I received and the letter. I also told them they could pick up the vehicle at any time as I would not make another payment to the financial company that didn't know what it was doing. I am in a car club that will be told of this in this months meeting.
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