- Jurisdiction
- Nevada
Hello. I purchased a used truck with a loan from my credit union. According to my credit union, the dealership failed to endorse the check properly 3 times and the check is now expired (60 days old). The dealership has not contacted me about the check at all during this time. I only found out because my credit union sent me a letter saying they received the title, but had no loan attached to it.
My credit union says I will need to reapply for the loan to get a new check generated to try again. My bank will have to reverify my credit-worthiness. They said this will ding my credit again, possibly change my initial rates. I don't think I should be potentially penalized because the dealership couldn't endorse a check correctly.
Thank you.
My credit union says I will need to reapply for the loan to get a new check generated to try again. My bank will have to reverify my credit-worthiness. They said this will ding my credit again, possibly change my initial rates. I don't think I should be potentially penalized because the dealership couldn't endorse a check correctly.
Thank you.