Credit Union help NEEDED
I am in the process of selling my '03 to a fellow in Ft Walton. The deal is ready to go through and there is something that I need to ask of the Credit Union members on the forum.
Part of HIS loan application warrants me to provide to the credit union, a copy of my driver license, and a copy of the vehicle title - and some type of letter of intent to sell. I have no prob with the copy of the title or the letter, but the license thing is rubbing me the wrong way. My bank, not a credit union, never heard of such a requirement not even the title, since just the VIN should satisfy vehicle value, etc. I called the credit union in question and spoke with someone there, and the buyer's account was verified, although the banker person didn't sound too sure of herself and couldn't give particulars. When I pushed for details, I was first told that it's part of the paperwork, then she says they need to compare the signatures from the driver license to the signature on the title, and that the tax office needs this information, also. The title would be signed by me AFTER money changed hands, and the money would have been lent already in order for the buyer to pay me- right? Guys??? Does any of this sound right? I had one attempted scam already regarding selling this car, so my suspicions to something amiss are high. I've checked online and I'm able to see that 2 of the 3 documents- not the license, though are required. I'll make more calls to other credit unions in FL in the morning to see if this is a credit union thing. I'm hoping there is someone here who might be familiar with this requirement, or where I can go to really verify this to be the case. |
Hi I'm Mrs. 85vette and I have worked in various Credit Unions for about 20 years. In all the CUs I have worked we require a bill of sale (to show intent and verification of the purchase amount). Honestly they shouldn't even need a copy of the title before purchase, they will need the actual title after purchase to send to the DMV to record the Credit Union's lien. But there is no legitimate reason to require a copy of your drivers license and these days with all the identity theft I would not recommend giving it.
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Mrs. 85Vette- Yous is exactly the type of response I was hoping for- an actual hands-on answer. Thanks so much for your informed response. I do believe I will need to circumvent the driver license part. I appreciate your input. Thank you. :thumbsup:
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I use to own part of a bank (in Maine ) and I think 85 is correct as SOP.Keep in mind Credit unions are more flexible in setting their own rules .
I'd be reluctant to give anything that seems out of the normal. |
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Thanks again for the comments and thoughts on my situation. Here's the way it stands now,,, for those who haven't taken back their click ,,,
The buyer will be explaining to the manager of his credit union on Monday that I am not willing to provide what they want. Hopefully there is another way for the bank to get what they need to make the loan. I should have mentioned that the buyer is in complete agreement with how I feel, and is already looking for a plan B. So keep a good thought with me on this one. There may be a :party: in the near future. :dancer01: |
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Whether you call it a "par-tay" or not, it's up to you.:thumbsup: :lmao::lmao::lmao::lmao: Andy :wavey: |
A couple months ago I went to Sears to pick up a garage door opener that was on sale .They asked for my Telephone number and I said no .The young clerk said I can't complete the sale without it and I said I guess your right and walked out .May I state that I only go to Sears when my blood pressure is low .
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I tell em NO too, and if they STILL want it, I reluctantly give them a number
that has 1 of the digits off by one. Like if your phone number is 727-736-1276, I would tell them something like 727-736-1376. If I'm ever questioned, I'll tell them I told him the correct number. Either he screwed up, or the computer did............take your pick. I also tell them to ring it up as a cash sale so I don't have to use my name or address. Gotta pay cash when you do that, though.......... Andy :wavey: |
I just tell them I don't have a phone.... or when they ask me for an email address I either tell them the same or ask them "What is email?"
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Me and my wife were buying something for a Christmas gift at Sears last year and the clerk asked for our phone number. Without missing a beat my wife said"867-5309" from the song 867-5309/Jenny. The clerk typed it in and said Bob somebody and my wife said, "Yeah, that's us", and we paid for it with our debit card, got the receipt and off we went. :hehehe:
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I realize this is a tad off-topic, so bear with me ... :toetap05:
After explaining to the buyer that his credit union's requirements don't sit right with me, he is willing to complete the transaction using good ole U.S. dollars. :bravo: I'm glad it's looking like it will work out, because the buyer seems like a real gentleman. I am :D and :( at the same time. I love the car. Wish for me the outcome that is best. http://i1106.photobucket.com/albums/...-X-man/030.jpg |
Cash ,that really sucks :banghead:
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The clerks at the local Lowe's always ask for a phone number to complete the sale. I then ask them for their home number. Unless they give me theirs, I don't give them mine. Never have any more issues after that exchange. :)
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I just give them yours!~!!:thumbsup: :D |
Thanks for the advice and the laughs.
The transaction went smoothly. The car is sold. :champagne: |
Good deal ,congratulations --now what?
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Now what, you say? When I reach medicare age I get my C7 B'day gift from wifey. I can't exactly say, "Can't wait", but it will help lighten the blow when I turn 65- God willing. |
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Maybe you and I could do a group purchase .:thumbsup: |
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