Misrepresentation of Income on a Loan Application
My question involves collection proceedings in the State of: Washington
I purchased a car using my financial aid as part of my income . I took the fasfa award to the dealer ship and everything was ok. Now, I'm home and I'm going over all the paper work and I checked my school email. I am going to be dropped from my classes , my appeal was not granted. Which thought it was when it stated my suspension was resolved . So in short I will not have that extra income. I don't know what to do. The dealership sold me the car as is, but I won't have to income . Do I tell the dealer and have them revoke the loan or am I just stuck and the car will be reposed either way. Please help me with this problem