- Report: #263246
Report - Rebuttal - Arbitrate
Complaint Review: Capital One Auto Finance
Capital One Auto Financewww.capitalone.com Internet U.S.A.
Capital One Auto Finance Preapproved check bounced, all of a sudden I'm not approved ripoff Bay Area, California Internet
*Consumer Comment: how long does it take capital one check to clear?
*Consumer Suggestion: Works great if you follow the directions.
*Consumer Suggestion: Hummm
*Consumer Comment: Is this really a rip-off or misunderstanding by the consumer?
*UPDATE Employee: The whole story is not being reported
*Author of original report: update on what's happening...
*UPDATE EX-employee responds: Something just doesn't sound right
*Consumer Comment: Capital one
*Consumer Comment: Kind of a Rip Off
*Consumer Suggestion: If your credit is so good
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Here's the Story..
3 weeks ago I traded in my rare car for a newer car.. long story short
I had a preapproved loan with the amount on the blank check provided.
After 1 1/2 weeks Porsche dealer called me that the check from Capital One had bounced. I have the preapproval document and check. I called capital one and told me that they need my income docs, so I said ok, i faxed it to them, then a week later all of a sudden they cant do a loan for me, and refuses to say why. I have a good credit score and high income.
So now, the car that I traded is sold, I'm stuck with a car that the trade in value is $10,000 less than what I owe plus taxes, the good thing is the dealer
is on my side, and wanted to call Capital One and they said they will have them buy the car for giving me a bogus approval or else, Porsche vs. Capital One.
I hope they get what they deserve, after reading all the comments here, I called my attorney as well, we are giving them until Friday to make it right, after that. all hell breaks loose. suckers!
Bay Area, California
This report was posted on Ripoff Report on 07/25/2007 10:41 PM and is a permanent record located here: http://www.ripoffreport.com/r/Capital-One-Auto-Finance/internet/Capital-One-Auto-Finance-Preapproved-check-bounced-all-of-a-sudden-Im-not-approved-ripof-263246. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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