Hello all!
I'm a fairly new member here and a (soon to be) proud owner of a CPO P85+. I'm currently still working out financing this thing and I've run into a situation that I'm not sure what to do about.
Around June 11th I sent out a bunch of loan applications. Several came back approved, others didn't. The one I was planning on going with was Digital Credit Union. They had a decent rate that I felt comfortable with. I should note the rates were only communicated via phone. I got no paper work or anything like that stating the rate.
Now, several weeks later I call again to make sure things are good and to ask about sending them my purchase agreement, and suddenly they've adjusted their rates.... Significantly, and not in the good direction.
So my question is this: can they do that?! It seems very strange/ kinda shady that they can adjust the terms whenever they feel like it. I suppose because I hadn't officially accepted it maybe?
Anyways I appreciate any input or advice. Thanks in advance!
I'm a fairly new member here and a (soon to be) proud owner of a CPO P85+. I'm currently still working out financing this thing and I've run into a situation that I'm not sure what to do about.
Around June 11th I sent out a bunch of loan applications. Several came back approved, others didn't. The one I was planning on going with was Digital Credit Union. They had a decent rate that I felt comfortable with. I should note the rates were only communicated via phone. I got no paper work or anything like that stating the rate.
Now, several weeks later I call again to make sure things are good and to ask about sending them my purchase agreement, and suddenly they've adjusted their rates.... Significantly, and not in the good direction.
So my question is this: can they do that?! It seems very strange/ kinda shady that they can adjust the terms whenever they feel like it. I suppose because I hadn't officially accepted it maybe?
Anyways I appreciate any input or advice. Thanks in advance!