My question involves a consumer law issue in the State of: Florida
I purchased a car from a local bad credit dealer over a week ago. I supplied all the information including the down payment. The dealer notified me today that the lender revoked their loan because the dealership didn't supply my child support information. Now they state my debt to income is to great. I did a verbal recorded interview with the lender and verified my debts including my child support. They congratulated me on being approved for the loan and confirmed my monthly payments. I later received an approval letter stating that I was approved. The letter states " We have conditionally approved your request for credit based on terms or conditions other than those that were submitted to us. The dealer has been notified of these conditions, and was asked to provide them to you."
Can the lender do that? I love the car, have responsibilities and cost tied up in this car now. Not to mention the embarrassment. What can I do to keep it?