@Anonymous wrote:
Once upon a time I bought a vehicle with 0% interest for 48 months and was so excited....It was supposed to be financed through Mitsubishi's credit company, but a few days after I bought the car I got a nice letter from *** Financial advising me they bought out my loan and I would make my payments through them....so all of the sudden instead of the $30,000 Car Installment loan on my credit it looked like I took out a $30K cash loan instead
Be careful! In reading a lot through MyFico I found one person that says this is a common practice when low apr offers are given......
The loan "TYPE" didn't say "AUTO?"
Message Edited by txjohn on 05-09-2009 05:23 AM
