We just recently financed a car from a Ford Lincoln Mercury dealership. Received a letter Friday, 11 days after signing all the papers, saying that the credit for Chase was denied. Today, 16 days after all the papers were signed, and the dealership hasn't called or anything, and on the Ford Motor Credit website, I just registered and it says the account is "Current".
I can't remember what we were going through for financing. Like, I know Chase and Ford are often partners, but our account wouldn't show up on Ford Motor Credit and be payable there if it were on someone else's financing, would it?
Also want to add: Our down payment has been deposited, several days after the signing of the papers. Not sure if our trade-in was sold.
All of this is in Arkansas, and I know AR law prohibits the depositing of the down payment or the sale of the trade-in until the terms are final.
Sounds like Chase rejected you but Ford Motor financed you.
If not, their website wouldn't know anything about you. And the dealer would be coming for his car.
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