Person
Kansas City,#2Consumer Comment
Thu, February 21, 2008
I said the following words under your niece's post: As you suggested in your comment, Blue Ridge Mazda told you who your lein holder may possibly be. They did nothing wrong and were not financing the car, as others would call it, 'In House Financing' or 'Buy Here - Pay Here'. They told you it would be an outside lender HSBC. Does HSBC sound like Blue Ridge Mazda? The 2nd thing is that, even though it says 'Notice To Cosigner', it is buyer/buyer in Mo. & Ks. Meaning you both are buying the car and equally responsible for the payment. It will show up on both of your credit reports. It doesn't matter who's name is first as far as the titling & credit report is concerned. Sometimes it matters to the back for thier internal scoring system. More than likely, It allowed you to get a better rate from the bank with your aunts name first. But, thats all it did. Now, if your name is not on the financing contract, then & only then, would you have ligitimate complaint! So after all that is said. Keep on making your pyments & you'll both get a higher credit score because of it! By the way, I saw your aunt's comments as well. If the dealership she bought her car from did the 'In House Financing', then, I hope her car is still running by now. Buy here - Pay here lots normally sell junk! And No, I am in no way associated with the car dealership. I've just purchased a few cars in my lifetime. It sounds to me that they only thing they did wrong, which is bad enough, is not explaine the process. Thats why the BBB coulding do anything either. Legal they did nothing wrong but hurt your feelings!